Mar 05, 2014 01:14 PM
In my new book, Taxed To Death; How the Income Tax & IRS Harm EVERYONE in America
, I trace the historic development of the growth gap—a concept I introduced in a 1991 Wall Street Journal commentary
—and pinpoint how the income tax has been a major contributor to its persistence. Chapter X of Taxed To Death
makes the point that if one begins the analysis at the point the growth gap re-emerged in 2001 during George W. Bush’s presidency—and never closed thereafter—rather than at the beginning of the latest economic recovery (mid-2009) as IBD does, by 2012, the measured GDP growth gap would be twice what IBD reports, a GDP shortfall of $2.651 trillion in real, inflation-adjusted 2005 dollars.
Dec 05, 2013 10:39 AM
Obamacare was designed to self-destruct, but not so quickly nor generating so much alarm... Obamacare has blown up on the launch pad. People are having their health plans canceled, and they are now stranded, unable to replace their old insurance policies with new plans purchased through the insurance exchanges because the Obamacare website is dysfunctional. President Obama is trying to prevent a chain reaction from getting out of control by proposing a system restart, requiring insurance companies to reinstate canceled plans for a year to give the administration time to “fix” the website and get the exchanges operational.
Oct 07, 2013 10:02 AM
Two years ago, as the federal government approached its legal borrowing limit, President Obama made a thinly veiled, Tony-Soprano-style threat to hold up Social Security checks if congressional Republicans didn’t give in to him and increase the debt limit and raise taxes. The president contended that if the government was unable to borrow more money, “There may simply not be the money in the coffers to do it [pay Social Security benefits].”
Sep 09, 2013 09:06 AM
(BOOK EXCERPT) At this advanced stage of the collective’s development, dismantling the welfare-warfare state one agency and one program at a time will never succeed. Too many people who work and live inside the collective’s bureaucratic cells and thrive off its nectar will swarm to man the barricades to defend their benefits and jobs. Too many crony capitalists who occupy the military-industrial complex and who operate the too-big-to-fail financial cartel will form a forward line of defense against would-be reformers and peacemakers. Too many apparatchiks and contractors at the IRS and inside NSA know too much about too many people in the constitutional branches of government to let them wander too far off the reservation.
Jul 25, 2013 02:43 PM
SENIOR ALERT: Pay No Attention To Those Rising Prices: A 1.5 percent COLA increase is all you get
Jun 15, 2013 07:55 AM
Excerpt from the new book on the income tax and the IRS by SSI President Larry Hunter, available March 1, 2014: Taxed To Death: A Concerned Citizen's Guide To How The Income Tax & the IRS Harm EVERYONE in America.
May 28, 2013 12:03 PM
Was there mutiny in the ranks on September 11, 2012 when President Barack Obama gave the Secretary of Defense and the Chairman of the Joint Chiefs of Staff a direct order to mobilize military forces in Benghazi and they failed to carry out his command? Or, did the president rescind his deployment order? The American people have a right to know. The president may be a potted plant but we are not.
May 13, 2013 08:41 PM
As with so much Republican “outrage,” GOP indignation is misplaced and disingenuous.
Whether it is Republican “outrage” over Benghazi—outrage over Hillary’s dereliction of duty and the Obama Administration’s general incompetence—or the IRS’s targeting so-called “conservative” groups for harassment and persecution, the outrage never goes to the heart of the real issue. As with American politics generally, GOP “outrage” over IRS abuse or about the president’s imperial incompetence is superficial and distracting. In the case of Benghazi, the real issue is what the CIA is up to in Libya that provoked the attack and continues to fuel war and rebellion in other countries in and around the region, which the CIA and White House desperately are trying to cover up—almost certainly gunrunning to extremist Islamic rebels in Syria and beyond. Can you say "Watergate" and “Iran-Contra” Obama style? Can you say "impeachment?"
May 13, 2013 08:25 AM
Bravo! At last, a few courageous Republicans are bucking the White House and their own congressional leadership to oppose ill-advised cuts to Social Security. Reps. Sean Duffy (R-WI) and Phil Gingrey (R-GA) are actively opposing the Washington Establishment's efforts to chisel annual cost of living allowances (COLAs) that protect seniors against inflation.
Apr 27, 2013 09:34 AM
(VIDEO) In an Interview last week with Stuart Varney on Fox Business Network’s Varney & Co
., Judge Andrew Napolitano pointed out that Senator Rand Paul’s endorsement yesterday of the government’s using drones to kill suspected robbers is unequivocally not a change in Paul’s original position on drones. The only problem is, as the Judge pointed out, the Senator’s original position on drones was critically flawed, watered down and inadequate to begin with. Napolitano succinctly demonstrated why Paul’s 13-hour filibuster failed to go to the heart of the matter where drones are concerned.