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Amazing U.S. Debt Clock
You won't believe your eyes. Well, you might. http://www.usdebtclock.org/
Pro-Subsidy Republicans
And just when I thought something good was going to come out of the legislature. On Monday, the Senate seemed to kill a bill designed to reauthorize the motion picture (movie/film) tax credit package. These are tax credits that have done nothing for the state other...
The Tax Trend in Arizona
[youtube=http://www.youtube.com/watch?v=PK4dNrnBWjg&hl=en_US&fs=1&]
Arizona Hospital Association Supports Jobs Tax to Expand Medicaid
Hospital Association Pushes 22 Percent Tax Hike on Small Businesses and Families Hospitals add income tax hikes to their support of sales tax increase Today, the Free Enterprise Club blasted the Arizona Hospital and Healthcare Association for pushing for a massive...
Failed Senator
Quite the web ad against tax and spend Senator Barbara Boxer. [youtube=http://www.youtube.com/watch?v=lJKlc77K5dg&rel=0&color1=0xb1b1b1&color2=0xcfcfcf&hl=en_US&feature=player_embedded&fs=1]
Jeff Flake Cleans Up Congress
From the Wall Street Journal Political Diary VE Day - Victory Over Earmarks Rep. Jeff Flake of Arizona has crusaded against earmark abuses ever since he came to Congress in 2001. Today he can take satisfaction as the GOP conference prepares to approve a moratorium on...
Raise Taxes to Boost Tourism? The New Math
Scottsdale and Tempe are asking voters to approve 16% bed tax rate hikes in order to boost tourism. Seriously. Here's a quote from the Yes on 200 (Scottsdale) website: "The additional bed-tax revenue generated from Proposition 200 will lead to more marketing of...
Reprinted from the Wall Street Journal’s Political Diary
Pot and Kettle to Do Battle in Arizona John McCain has finally drawn a challenger in the Republican primary that will decide if he gets a fifth term in the U.S. Senate. Mr. McCain is likely untouchable in a general election, but the smaller GOP electorate is...
Fees? Who Needs Fees?
Just when you thought the federal government had too much on their plate comes news that the Federal Reserve will implement new rules prohibiting banks from charging overdraft fees without consumers' consent. I always figured that a bank charged a stiff penalty for...
Astroturf Elections
White House spokesman Robert Gibbs told reporters this morning that the election results were not a referendum on President Obama. He said, “People didn’t go to the polls to register support for, or opposition to, the President.” He said the elections were purely...
Government Milestones
In the Sunday, Oct. 17 edition of the Arizona Republic there was a column on "creating" the new Arizona economy. It made the usual argument that we don't subsidize enough cool stuff to have a "knowledge" economy, but that wasn't the good part. Along side this story...
A Dose of Reality on GDP Growth
The White House is cheering today's news that GDP last quarter was up 3.5%. But they're also cautious not to get too excited. They know they goosed the numbers a bit. It's no secret that the government can artificially boost economic activity. Take, for example, the...