Objections to the 2/3 Requirement for Raising Taxes
by Daryl AcumenI've seen a couple of folks on the wires raise concerns about a 2/3 requirement to raise taxes, which was part of the budget plan that passed the House this week. I wanted to take a moment to explain why the 2/3 majority requirement makes sense and is so important. The historical average percentage of GDP ...
Continue ReadingGang of Six Debt Plan (revenue analysis)
by Daryl AcumenI've spent the last day or so doing an independent analysis of the Gang of Six debt plan and I wanted to share a few preliminary observations. The plan is pretty vague so I won't spend a lot of time going over every detail of it, but I wanted to bring your attention to the ...
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“Freedom Works” Loses a Longtime Supporter by Targeting Hatch!
by Daryl AcumenI was cleaning my den this weekend when I came across an old photo. It was taken in 1994 after a sold-out speech by my hero, conservative luminary Jack Kemp. The photo is out of focus, stained with coffee from mid-terms, and Jack's face is washed out because the photo was snapped in haste on ...
Continue ReadingGang of Six Debt Proposal Released
by Daryl AcumenI just got a copy of the Gang of Six debt proposal that's now all the rage among 50% of the United States Senate. I haven't reviewed this yet, but here it is for those of you who care to review it. The "Gang of Six" is a group of Three Republicans and three Democrats ...
Continue ReadingBooted from “Strengthen Social Security’s” Facebook page.
by Daryl AcumenSo I got booted from the "Strengthen Social Security" Facebook page today. I made the mistake of posting that Social Security was a ponzi scheme that's $17.9 trillion dollars in debt. When the moderator accused me of making the number up, told me I had no 'acumen' and said that I probably got the number ...
Continue Reading…30 years of “trickle down”
by Daryl AcumenLiberals need to stop using the phrase "trickle down" until they understand what neo-classical economics (which most people who've never studied macro-economics CALL trickle-down) actually is! It starts with the very basic, common sense understanding that economics is the study of Supply AND demand, not just demand. Keynesians, Obama, and liberals think it's all about ...
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