The Fiscal Doomsday Machine
David Stockman, former Reagan budget director, explains why he believes the machinery of government is massively failing, in an interview with the Wall Street Journal‘s Jerry Seib.
David Stockman, former Reagan budget director, explains why he believes the machinery of government is massively failing, in an interview with the Wall Street Journal‘s Jerry Seib.
Are we a nation ruled by laws, or has our government been taken over by a group of modern-day marquis and baronettes who simply pretend to govern, while robbing us blind? On this week’s Afterburner, Bill Whittle likens the recent “fiscal cliff” crisis to kabuki theater. So how can one person come out on top in such a system? Find out. H/T PJTV
The fiscal cliff negotiations unfolded like an episode of the Road Runner, except in this episode, the Road Runner was played by the private sector, and Wylie E. Coyote was played by the federal government. Hear more about how the Republicans negotiated a deal that resulted in more debt and higher taxes, on this ZoNation. H/T PJTV
The Treasury Department says the US is on track to hit the debt ceiling by Monday, about the same time we will fall off the Fiscal Cliff if Congress can’t agree on a compromise regarding how best to balance the federal budget. The Wall Street Journal‘s Damien Paletta has the latest on the complicated issues, and also discusses how they intertwine.
What’s the connection between Jesse Jackson, Jr., dwarves and pornography? Find out on the Week in Blogs as Stephen Green shows you footage of Michigan union thugs beating a Fox News Contributor, in addition to the truth behind President Obama’s job creation numbers.
Bill Whittle worries that President Obama and Senate Democrats like Majority Leader Harry Reid (D-NV) are simply not serious about remedying the national balance sheet. Even worse, academics and the liberal news media are providing cover for their malfeasance. Is the nation destined to head into a monumental economic collapse that will imperil basic government services? Find out on this Afterburner. H/T PJTV
When the Democrats say that they are going to raise taxes on the so-called rich, what they don’t tell you is that “rich” applies to households earning $75,000 a year. Hear why as Stephen Green brings you a recap from the Sunday shows, where the pundits discussed the likelihood of tax increases, entitlement reform and more.
Steven Crowder surveys bystanders to find out just how much the public understands the pending Fiscal Cliff. He discovers many people identifying themselves as siding with the Democrats when they actually voice support for the tax and spending reform positions taken by the Republicans.
Reason Magazine Editor Matt Welch previews the current issue, focusing on the Fiscal Cliff coming in January. Welch projects higher taxes, but no discernible effort to reign in spending, as legislators just keep shirking their responsibilities and kicking the can down the road.
This just in…As the fiscal cliff approaches, President Obama is asking Republicans to revoke the pledge they took to never raise taxes. “Just as he revoked the pledge he took to uphold the Constitution,” says Jodi Miller. She also touches on the bone-tingling topic of skeleton sex in Sweden, China’s tallest building and MSNBC’s idea of fair and balanced overage in this edition of NewsBusted.