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Special Report

The Tea Party Revolution

(Page 2 of 2)

And I haven't even begun to talk about Obama's tax increases. By the end of next year, the top income tax rate will have risen by 20%, the top capital gains tax rate by 33%, and the tax on dividends by 33% as well, with the top death tax rate restored to 45%. Obama ran for President promising a tax cut for 95% of Americans, which turned out to be a miserable $400 per worker income tax credit, less than $8 a week, with no incentive effects to promote the economy. That will be more than offset by the $645 billion cap and trade tax Obama has proposed to combat non-existent global warming, which will be paid by everybody through higher prices for gas, electricity, home heating oil, coal, and everything produced with energy. Obviously, these sharp tax increases will trash the economy in the future, not promote growth. Higher energy costs in particular will chase remaining American manufacturing overseas.

All of this is why America will be in the streets today demanding a U-turn from Obama's road to oblivion, returning to Reagan's highway to prosperity, which Bush mistakenly exited.

But over the longer run, the tea party revelers are looking for an expanded vista of economic freedom, with less government control, lower taxes, reduced spending and debt, fewer unnecessary regulatory burdens, and sound money free from inflation. How can America achieve that?

Let me offer a few ideas. I am not claiming these as the agenda of today's tea parties. I am offering them as the best of the ideas that have been developed over recent decades, and the most promising for long-term freedom and prosperity, in the hope that many of those demonstrating today will support them in the future.

Newt Gingrich, who is speaking at the tea party in Atlanta today, has offered a 12-point economic recovery plan based on the principles of President Reagan's 1981 recovery plan. Gingrich proposes to reduce the 25% income tax rate paid by middle-income earners to 15%, which would effectively establish a flat tax of 15% for close to 90% of Americans. He would also reduce the federal corporate tax rate of 35%, the second highest in the industrialized world, to the 12.5% rate adopted 20 years ago in Ireland, which boosted that traditionally poor country to the second highest income in the EU. Our own Treasury Department says Ireland's 12.5% rate generates more corporate tax revenue as a percent of GDP than our 35% rate.

Gingrich also proposes to abolish the capital gains tax and the death tax, which both involve double taxation of savings and capital. He would also open up production of domestic U.S. energy across the board, ensuring plentiful, low cost energy supplies for the American economy. These policies would produce another generation-long economic boom.

Rep. Paul Ryan (R-WI) has offered a tax reform plan with just two rates, 10% applying to the first $100,000 in income each year, and 25% applying to all income above that. Generous personal exemptions would eliminate income taxes for a family of four on the first $40,000 earned each year.

For the payroll tax, Ryan has developed and introduced legislation that would allow workers the freedom to choose to save and invest half their Social Security taxes in their own personal accounts. To the extent each worker exercised this option, benefits from the account would replace future promised Social Security benefits on a proportional basis. Because over the long run market investment returns are so much higher than what Social Security can even promise, let alone pay, working people can gain enormously from this option. But Ryan's bill wisely retains the Social Security safety net, guaranteeing that each worker would still receive at least what they would have been paid in Social Security benefits under current law. So workers can gain, but they can't lose. Experience shows, however, that few if any workers would fall into that safety net over the long run.

Such personal savings, investment, and insurance accounts should be expanded over the long run to empower workers with the freedom to substitute the accounts for the entire payroll tax, with the accounts providing all of the benefits now financed by the payroll tax. This would produce an enormous reduction in the size of the federal government.

Another good idea is the national sales tax proposal. But the 23% sales tax rate is too high. The sales tax should substitute only for the income tax, not the payroll tax as well. Better to phase out the payroll tax under the personal account proposal above. The sales tax reform also does not need to be completely revenue neutral. It would work better providing a net tax cut. This may allow a sales tax rate of only 14%, particularly considering the boost to economic growth such reform would produce.

Another major reform would involve sending the hundreds of federal welfare programs back to the states based on the model of the highly successful 1996 reform of the old AFDC program. That reform replaced AFDC with a block grant of finite federal funds to each state for their own new, redesigned, welfare program based on work. The result surprised even the advocates of the idea, reducing the number of dependents on the old program by close to 60% nationwide. This same reform should now be extended to Medicaid, Food Stamps, housing subsidies, and the hundreds of other means-tested, federal welfare programs. This would also result in an enormous reduction in the size of the federal government.

The most important Obama initiative to stop now is health-care reform. Adding another huge entitlement program, ultimately the biggest of all, to our nation's debts will hasten the explosion of big government and the ultimate bankruptcy of our country. Obama's proposal inevitably involves the same government health-care rationing as in every other country that has adopted such a government-run health care system. That is because once such a system is adopted, there is no other way to control health costs.

Such government health-care rationing means a reduction in the standard of living for average Americans, as they suffer less timely and less effective health care. A huge reduction in America's standard of living would result as well from Obama's cap and trade global warming plan, as America must then suffer with less energy costing much more. That means smaller, weaker cars, less driving and other transportation, less consumption of energy-intensive meat and dairy products, colder homes, workplaces and stores in winter, hotter homes, workplaces and stores in summer, and less of everything that uses electricity.

A safety net assuring essential health-care services can be created without a government takeover of the entire health-care system. Broader use of reforms that extend patient power and choice, such as health savings accounts and interstate sales of health insurance, would best control costs.

These reforms and ideas would create a bright future for America of freedom and prosperity. Achieving them requires active, widespread, grassroots support. That is the hope that today's tea parties across America raise.

Page:   12

Letter to the Editor

Peter Ferrara is director of entitlement and budget policy at the Institute for Policy Innovation, and general counsel of the American Civil Rights Union. He served in the White House Office of Policy Development under President Reagan, and as Associate Deputy Attorney General of the United States under the first President Bush. He is a graduate of Harvard College and Harvard Law School.

Comments

stephanie| 4.15.09 @ 6:22AM

I believe there are over 750 nation wide now.
I will be at my local Tea Party today in Gloucester Virginia, the birthplace of our America at 12 noon at the historical colonial courthouse.
do you think BO is watching us?

by the way, was the name of the much over hyped family dogs' name transparent, or what?

Appleby| 4.15.09 @ 6:44AM

Perhaps this will inspire the Kanukistani peasants to do the same.

Naaaah. Our motto is a shrug and *What can you dooooooooooooooooo?*

I paid my taxes yesterday, so some welfare mom can cash her cheque tomorrow. You can bet that she will sit in front of her flat screen TeeVee moaning that it isnt enough.

jeremy abrams| 4.15.09 @ 7:13AM

TEA = Topple Excessive Appropriators!

Deborah| 4.15.09 @ 7:45AM

Love your version of TEA, jeremy.

Mr. Ferrara, thanks for this detailed, informative report. So much to digest. Americans, basically, want common sense. I think Washington, D.C. is where that trait goes to die. One doesn't have to be a genius or an economist to see that the politicians have gone totally insane. Americans are basically good, decent and patient people, BUT -- when things have gotten this far out of hand this quickly, that's when patience is put on hold.

These last few months for me have been the equivalent of 9/11. A major disaster has been visited on this country in the form of a Congress that is consumed with its own power and without any common sense or even a sense of concern about the future of the country. Many in the country sighed with relief after 9/11 that Bush had won the presidency because that meant the grown-ups were in charge. I don't think there are any grown-ups left in D.C. -- just a bunch of adolescents with their parents' credit card spending us to oblivion.

Deborah| 4.15.09 @ 8:03AM

Just FYI, everyone, there's a great article at pajamasmedia by Tom Blumer here: http://pajamasmedia.com/blog/tax-receipts-plummet-as-americans-go-galt/

It’s not just that spending’s out of control, but tax receipts are plummeting, and that will really make the deficit larger and larger. The fiscal year 2009 first six months tax receipts came in on Good Friday, and they are very low. Remember the fiscal year for 2009 began in October 2008. -- He has a very detailed chart and many links to the government reports to back up what he says.

He says corporations and S corporations started going "Galt" after the Dem Congress last year basically said no more drilling for our own oil in this country.

Corporate income taxes are down 57% for this fiscal year. That's some big bucks that won't be pouring into the Treasury. Anyway, read it and see the chart he creates for yourself. Looks like the shrugging has already begun.

Deborah| 4.15.09 @ 8:07AM

Oops.. should have been "Corporate income tax receipts are down 57%...". Don't want anyone to think Congress would actually cut corporate tax rates. How "unfair" would that be.

Pingback| 4.15.09 @ 8:07AM

http://saverdollar.org/?p=549 links to this page. Here’s an excerpt:

…the government takes your money to spend on what it wants, the less freedom you have to choose to spend, or to save and invest, your own money as you want. And visa versa. http://spectator.org/archives/2009/04/15/the-tea-party-revolution Leave a Reply Click here to cancel reply. Name (required) Mail (will not be published) (required) Website Submit Comment Wednesday, April 15, 8:07 am Business News Intel says

Skippy| 4.15.09 @ 8:35AM

Hey David, no one cares. Continue on you troll.

Skippy| 4.15.09 @ 8:39AM

Skippy| 4.15.09 @ 8:38AM
By Steven A. Holmes
The New York Times
September 30, 1999

In a move that could help increase home-ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.

The action, which will begin as a pilot program involving 24 banks in 15 markets — including the New York metropolitan region — will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans.

Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.

"Fannie Mae has expanded home ownership for millions of families in the 1990's by reducing down payment requirements," said Franklin D. Raines,

''From the perspective of many people, including me, this is another thrift industry growing up around us,'' said Peter Wallison a resident fellow at the American Enterprise Institute. ''If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.''

Clean your mess off the keyboard, booger eater.

Big J| 4.15.09 @ 8:56AM

Excellent article, Mr. Ferrara. I fear that your proposals make entirely too much sense for this government to implement. I hope that starts to change once they start seeing our faces and hearing our voices. Don't stop now!

By the way, I have a new slogan for the ignorant that post here and spew hateful talking points that make zero sense: "Scroll past the troll, scroll past the troll!"

What 'ya think?

Deborah| 4.15.09 @ 8:56AM

One more thing...Tom Blumer (on July 10) wrote at the time of the Democrat Party skewering of the American public and American companies with their "no drilling here" adolescent response to outrageous energy prices..."In summer of 2008, House Speaker Nancy Pelosi, presidential candidate Barack Obama, and Senate majority leader Harry Reid aren’t merely talking the economy down; they’re taking it down. They have created what I am calling the POR (Pelosi-Obama-Reid) economy. Businesses and investors are responding to their total lack of seriousness by battening down the hatches and preparing for the worst.

"Businesspeople now face ugly realities. Their full ugliness has only come to the fore in the past month or so, as energy prices have reached record highs, and as the clamor for Washington to act has grown.

"The POR response to the clamor has been shockingly out of touch:..." You can read it all here: http://pajamasmedia.com/blog/are-democrats-driving-an-economic-downturn/

Deborah| 4.15.09 @ 8:57AM

Big J -- love it!

Bram| 4.15.09 @ 9:07AM

Yes - Economic Freedom! People take for granted that the American economy is the strongest in the world, yet they are willing to throw away the thing that made it strong - freedom. Warren Harding was right – the Business of America is Business. That’s why we recovered from the 1921 Recession and not the 1929 Recession.

Entrepreneurs and small companies drive growth, employment and eventually tax revenue. Through my adult life I have seen one barrier after another erected in the path of the business owner. Confiscatory taxes, layers of byzantine regulations and business laws, and the lawsuits – I am amazed anyone bothers starting a business these days. We penalize the successful and reward the idle.

Bram| 4.15.09 @ 9:09AM

Big J - Yep.
I have trained my eyes to automaticlly skip Jharp/DM posts - it makes this blog much more pleasant to read.

Robert Rosencrans| 4.15.09 @ 9:25AM

A broken record never fed a hungry child.

Mattled| 4.15.09 @ 9:29AM

These trolls are like Forrest Gump---without the brains.

I'm sure out (un)favorite troll also knows how to prepare shrimp hundreds of different ways too.

jim rice| 4.15.09 @ 9:53AM

Some of these ideas are really good... I like the simplified tax structure and the idea of a national sales tax a lot.

But, come on... we haven't even tried to see if Obama's ideas will work yet. We had 8 years of crap, and the new guy hasn't even had 4 months yet to see if anything works. Conservatives should have done something about this when you had the chance, but you blew it.

As good as these ideas sound, these little tea parties are kind of ridiculous and very very poorly timed. It just seems like, if you really felt this strongly about these ideas, you would have promoted them much better and much more actively when Republicans controlled everything. But now it's just coming off as bitter that you no longer have a stupid redneck pretending to run things.

Big J| 4.15.09 @ 10:11AM

"But, come on...we haven't even tried to see if Obama's ideas will work yet".

Sometimes people speak as though they were born only 8 years ago. Bush is the only president that has ever existed. I recommend reading some history. Not the tainted excuse offered up in a public school, but actual history. The socialist policies that are being crammed down our throats right now have been tried and failed many, many times over. The "New Deal", "Great Society", just to name a couple of instances have been total failures. They have done nothing but breed government dependance and punish production.

Our system is unique. Socialism DOES NOT WORK

Big J| 4.15.09 @ 10:15AM

Oops! Sometimes my typing gets out of control, and I hit the wrong button!

Anyway, Socialism doesn't work here. Really, it doesn't work anywhere, but I say if you want to give it a go and try to create wealth with that system, there are TONS of countries that have it to offer. Please, go! Let the rest of us evil, greedy Capitalists carry on with our vessel of wealth. That's what Capitalism is supposed to be about. Work hard, get rewarded. Sit around and do nothing, starve.

Sure does make sense to me.

Richie M| 4.15.09 @ 10:20AM

Great article!
P.J. O'Rourke said it best:
"Giving money and power to Congress is like giving whiskey and car keys to teen-aged boys."

Rasmatas| 4.15.09 @ 10:22AM

Read the article Davey boy. The debt is at $5.8 trillion not $11 trillion. And if you think your taxes haven't gone up, you're not paying attention. Unless, of course, you're one of those not paying any taxes at all and living on those of us who do.

El Rey| 4.15.09 @ 10:26AM

Folks, we have a problem here and it's not just a semantic one.

Let me illustrate with Appleby‘s post @ 6:44AM. He writes, “I paid my taxes yesterday, so some welfare mom can cash her cheque tomorrow.”

Exactly.

So you see, economic liberty for those on the dole (and this includes many, but not all, of the millions in the employ of government at various levels) depends on higher taxes being imposed on those in the private sector.

In physics, the pull of gravity is proportional to the mass attracting the object. Likewise, the more people that become dependent on the government, the larger government grows in size and the greater the political force favoring bigger government. This auto-reinforcing process continues until soon the meaning of freedom & liberty become so distorted that freedom becomes synonymous with big government.

And sadly, this is the trajectory we’re on. Believe me, millions of our fellow citizens (Democrats) belief big government = freedom ... for them at least.

jim rice| 4.15.09 @ 10:38AM

It's kind of ridiculous to lump ideas that exist, as all things do, in their own time and space into one big group and say, "socialism doesn't work here." Even if your views on past attempts to unify the country economically are negative, inductive reasoning is almost always fallacious.

And yeah, "work hard, get rewarded" sounds nice... except that, in such a system, the only driver is individual human greed. Yes, it works for some people... maybe a LOT of people, but its main driver is abhorrent.

Regardless... a little off topic... My question remains... where were all you activists over the past 8 years when your "Conservative" government was destroying the country? It feels like you knew that the end was (finally) here, and you were just waiting to stick the other guys with your problems. Why was it ok for bush to waste trillions of dollars but not ok for Obama to do it? It's ok to spend money blowing up countries that didn't attack us but not ok to spend money trying to help build are domestic infrastructure?

... which is still to say... I think the ideas from the article have merit... I was a Ron Paul supporter until Palin joined the McCain ticket. (As in, yes, I was planning to write him in) The way and the timing in which these concerns are being brought to light is just... It feels wrong and petty.

Also, "I recommend reading some history" is nothing but an inflammatory remark. It doesn't add to your argument at all. :-/

Tallil 6| 4.15.09 @ 11:00AM

I am seeing with my own eyes the results of what can happen when American consumers are unburdened by excessive taxes.

Here in Iraq, and Afghanistan, American servicemen and women are exempt from most federal and state income taxes. Almost all of us are using this 'opportunity' to significantly pay down debt and/or save for cars, motorcycles or other consumer goods that we would otherwise do without. It's remarkable - nearly every soldier has a story of success. As for the Tea parties, well, we probably won't be that demonstrative over here - (there is a war on, you know) - but I'll add my voice to those who say:

Party ON!

Bill G| 4.15.09 @ 11:10AM

A good idea would be for there to be some symbol (car parking lights on during the day, certain color shirt, some do it yourself arm band thing, or something like that which is easy for anyone to do) to show solidarity with the tea party protests by all of the people who agree with the demonstrators but who are not able to get to one of the actual events.

I say drive all day with parking lights on until someone comes up with a better idea.

Bill G.
Kennett Square PA

Colin| 4.15.09 @ 1:09PM

Perhap it's just he skeptic in me -- but having observed our Mainstream Kool-Aid Drinkers (Williams, Gibson, the Chipmunk and the CNN's et al) - my informed gut tells me that today's media coverage of the National Tea Parties will receive much same level of "positive" spin coverage, generally afforded to the grand opening of a full service Cheese Whiz factory in downtown Rio Linda.

Of course, don't watch me ... watch The Chipmunk.

bob montgomery| 4.15.09 @ 1:20PM

As we write, the Washington Post is busily engaged in inventing new terminology for people who are fed up with taxation without consent. They are calling them "tax deniers" and "tax defiers".

Michael L. Hauschild| 4.15.09 @ 4:19PM

I live in a town of about twenty thousand. I would guess that three to four hundred protesters are assembled outside city hall at the moment.

DONALD SAMMIS| 4.15.09 @ 4:58PM

Where was I when G.W.Bush was 'spending" wildly? Out in front yelling and writing "STOP". But then its congress who spends and taxes, isn't it.?

GWEBB / NH| 4.15.09 @ 5:38PM

Well today there are supposed to be many teabag rallies across the country. They are getting together to protest reckless government spending or the large deficits the Obama administration is racking up implementing their policy. My only question is this: where were these people 8 years ago? More importantly, where were these people 30 years ago?

Under Reagan, the budget was never balanced and debt ballooned. In fact, under Reagan the total debt/GDP ratio increased from a little over 30% to a little over 60%. Yet there were no protests. And the fact the budget was never balanced didn't seem to bother anybody. Of course, you could argue that the current teabaggers weren't around then so this doesn't count.

But when Bush took office the exact same thing happened. According to the Cato Institute, the Republican Party became the "Grand Old Spending Party." Bush was the biggest spender since LBJ. Here is what the Cato Institute wrote:

President Bush has presided over the largest overall increase in inflation-adjusted federal spending since Lyndon B. Johnson. Even after excluding spending on defense and homeland security, Bush is still the biggest-spending president in 30 years. His 2006 budget doesn't cut enough spending to change his place in history, either.

Total government spending grew by 33 percent during Bush's first term. The federal budget as a share of the economy grew from 18.5 percent of GDP on Clinton's last day in office to 20.3 percent by the end of Bush's first term.

The Republican Congress has enthusiastically assisted the budget bloat. Inflation-adjusted spending on the combined budgets of the 101 largest programs they vowed to eliminate in 1995 has grown by 27 percent.

Yet there were no protests. And here is a report from the Bureau of Public Debt of the annual federal debt outstanding at the end of the last 8 federal fiscal years:

09/30/2008 $10,024,724,896,912.49
09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32
09/30/2003 $6,783,231,062,743.62
09/30/2002 $6,228,235,965,597.16
09/30/2001 $5,807,463,412,200.06
09/30/2000 $5,674,178,209,886.86

To anyone with an ounce of common sense, it's obvious what's going on. Republican/conservative rank and file are protesting because they are out of power and their leadership is terrible. But they aren't protesting spending; they are protesting the Democratic Party's governance. And that is fine. But please, don't tell me it's about spending or debt. If that were the case, you guys should have taken to the streets years ago.

SouthPaw| 4.15.09 @ 5:53PM

"I say drive all day with parking lights on until someone comes up with a better idea."
Bill G.
Kennett Square PA

Hey Bill G... the lefties picked up on driving with the parking lights on during the day as well. So remember when you see those headlights you may be smiling at a staunch left leaning Liberal. Have a nice day :)

stmichrick| 4.15.09 @ 7:24PM

Skippy;

Thanks for the ride down memory lane with that NYT article. More of this needs to be made at election time.

The pervasive fiction about out-of-context 'lax regulation' and 'Wall Street greed' as sources of our problems needs to be addressed BIG TIME by conservative candidates.

Tony| 4.15.09 @ 8:03PM

What most of the news media and the government is trying to pull off is that the tea parties are only protests about taxation, and that the protesters are only a bunch of Republicans. Both of these allegations are false. (And they know it) A lot of American people have realized that the country the founding fathers constructed is not what we have today and they are tired of it. The ONLY way we can take back our country and return to the principles of the constitution and the bill of rights, is the way this was done. They can stop some of us, but they can't stop us all. It is high time to let them know that WE THE PEOPLE run the government and THEY serve US. God bless you all, and SEMER FEDELIS!

Anthony| 4.15.09 @ 10:37PM

Hey Obama, today was change we can all believe in. Get the message? And Janet, I am a right wing extremist, get used to it, they're millions of us.

lynnrockets| 4.15.09 @ 11:50PM

SHOULD SHE STAY OR SHOULD SHE GO
(Sung to the Clash song “Should I Stay or Should I Go”)

(Whoo! - - - Allah!)

Sarah you gotta let us know
Should you stay or should you go?
If you say that you are mine,
You should be in State 49.
I know we have a lot of snow,
But do you really have to go?

Its always me, me, me
Loved your selection for A.G.
Another po-lit-i-cal hack
Beware if you are gay or black
Well come on and let us know
Do you really have to go?

Should she stay or should she go now?
Should she stay or should she go now?
If she goes to Indiana,
Will it next be to Montana?
Don’t we pay you enough dough?

Your poor decisions boggle me
You’re just a lightweight G.O.P.
Pranked that time by fake Sarkozy
Embarrassed by Levi on T.V.
Come on and let us know,
Are you brain-dead or is it show?

(split)

Should she stay or should she go now?
Should she stay or should she go now?
If she goes, future’s in trouble,
And if she stays, laughs will be doubled
We just hope that if she goes…
She takes her best friend “Plumber Joe”

Should she stay or should she go now?
If she goes, future’s in trouble,
And if she stays, laughs will be doubled
We just hope that if she goes
She takes along her “Sixpack Joes”

Pingback| 4.16.09 @ 12:58PM

Tea parties a success… « Time for Thorns links to this page. Here’s an excerpt:

…The organizers had a steep slope to climb, as IBD  pointed out.    Lorie Byrd had 5 reasons why you should attend a party. Phil Brennan chimes in, asking what’s next.   Various encouragements and reports from the field,   here ,  a good  slideshow of photos,   here,  and here some on Predictably, the Left didn’t like the tea parties, and a CNN reporter turned nasty in a hurry. But a group trying to…

Blame teh FED not OBAMA| 4.16.09 @ 2:37PM

Why is everyone worried about the economy now, and not while Bush was on an 8 year spending spree, lining the pockets of his buddies.

Obama took over this GREAT MESS CREATED BY NONE OTHER THAN BUSH AND DICK CHENEY. But who runs America dares not show his face.

America has been run by a lot of HOCUS-POCUS Banking system run and controled by a RICH BUNCH OF JEWISH BANKING FAMILIES. Go and have words with David Rockerfeller, and the De Rothchilds and ask them for your money.

Obama is the victim, of a Satanic Kabal, run by Money Laundering Criminals that has HyJacked America economic system.

Who has ever heard of solving a DEBT crisis, with more DEBT. Creating stagflation and hyperinflation in the future.

This economic problem will continue for the next 15 years and it matters not who is President. The Criminals that runs America does not show their face. And the FED Reserve Prine money out of nothing and charge the people of America interest on the money they print, should be in prison.

Jeffery Small| 4.16.09 @ 7:03PM

If you are interested in a follow up action that can extend the impact of the Tax Day Tea Parties, go to the web site go-galt.org and participate in the Atlas Shrugged Books-to-Politicians Campaign.

Regards,
--
Jeffery Small
go-galt.org

Pingback| 4.17.09 @ 10:43PM

Tea parties a success… | john ziegler links to this page. Here’s an excerpt:

…The organizers had a steep slope to climb, as IBD  pointed out.    Lorie Byrd had 5 reasons why you should attend a party. Phil Brennan chimes in, asking what’s next.   Various encouragements and reports from the field,   here ,  a good  slideshow of photos,   here,  and here some on Predictably, the Left didn’t like the tea parties, and a CNN reporter turned nasty in a hurry. But a group trying to…

Pingback| 4.18.09 @ 3:53PM

Getting What We Pay For links to this page. Here’s an excerpt:

…organization — Dick Armey’s FreedomWorks, Newt Gingrich’s American Solutions for Winning the Future , Koch Industries’ Americans for Prosperity , the Heritage Foundation , American Spectator , the National Republican Congressional Committee , the Republican National Committee , and dozens of others — spent heavily to organize and mobilize the protests. In the end, thousands of…

john smithson| 4.20.09 @ 1:19AM

GWEBB / NH, you really should not come onto a site or forum such as this, make up stick, and move on. Example, Reagan doubled taxed revenues with his tax cuts and his debt never exceeded 53.1% of GDP. And remember, his Democrat congress gave full approval to the spending increases and , in fact, insisted on those spending increases -- just as they are doing right now.

Secondly, no Democrat will ever be able to criticize Bush 43 for his spending habits in view of Obama's declaration, " All government spending is stimulus." Dems have no choice to glory in Bush's spending habits - maybe that is why the last two years of Bush found a Democrat Congress agreeing with his spending.

What Dems do not get is the fact that many Republicans hated the spending of Bush. It just took them a few years to realize that the GOP was not going to return to their fiscally conservative roots without a fight . . . . and that is exactly what is happening within the Grand Old Party right now. The RINO's are out or the GOP will never win another election. We need a choice, not tyranny but we will accept tyranny for a time if it means the GOP renews itself and represents [again] those who made the party great.

jd

Pingback| 5.26.09 @ 8:49AM

Sorry, Barack: You Can’t Blame the Bogeyman for Your Record Budget Deficits, Too - C links to this page. Here’s an excerpt:

…that the Obama budget deficit will total an astounding 13.1 percent of GDP this year. As a comparison, under George Bush, the federal deficit for 2008 was 3.2 percent of GDP. The deficit for fiscal year 2007, in the last budget adopted when Congress was controlled by Republican majorities, was 1.2 percent of GDP. Obama's deficit will force the United States to borrow nearly $10 trillion in the next…

Pingback| 6.11.09 @ 7:55AM

Dirty Democrats » Liars… NY Times Says Obama Is Not Responsible For Historic Debt– It links to this page. Here’s an excerpt:

…that the Obama budget deficit will total an astounding 13.1 percent of GDP this year. As a comparison, under George Bush, the federal deficit for 2008 was 3.2 percent of GDP. The deficit for fiscal year 2007, in the last budget adopted when Congress was controlled by Republican majorities, was 1.2 percent of GDP. Obama’s deficit will force the United States to borrow nearly $10 trillion in the next…

Pingback| 7.23.09 @ 10:58PM

Dirty Democrats » Obama Implosion Alert: Dear Leader Blames GOP For His Record Spendi links to this page. Here’s an excerpt:

…that the Obama budget deficit will total an astounding 13.1 percent of GDP this year. As a comparison, under George Bush, the federal deficit for 2008 was 3.2 percent of GDP. The deficit for fiscal year 2007, in the last budget adopted when Congress was controlled by Republican majorities, was 1.2 percent of GDP. Obama’s deficit will force the United States to borrow nearly $10 trillion in the next…

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Senator Johnson Franks on Deficit | Constant Conservative links to this page. Here’s an excerpt:

…that the Obama budget deficit will total an astounding 13.1 percent of GDP this year. As a comparison, under George Bush, the federal deficit for 2008 was 3.2 percent of GDP. The deficit for fiscal year 2007, in the last budget adopted when Congress was controlled by Republican majorities, was 1.2 percent of GDP. Obama’s deficit will force the United States to borrow nearly $10 trillion in the next…

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