Saturday, June 25, 2011

Debt Cannot Be Paid With Tax Hikes

By Robert Romano
The Obama Administration must be laboring under the delusion that the $14.3 trillion debt can somehow be paid for with tax increases.

It cannot. And it would a foolish gambit to try.
That is why House Majority Leader Eric Cantor and Senate Minority Whip Jon Kyl are to be commended for walking out of the Biden-led White House debt ceiling talks.

“As it stands, the Democrats continue to insist that any deal must include tax increases,” said Cantor on the matter. “There is not support in the House for a tax increase, and I don’t believe now is the time to raise taxes in light of our current economic situation. Regardless of the progress that has been made, the tax issue must be resolved before discussions can continue.”

Lest there was any confusion at the White House, House Speaker John Boehner reminded the Obama Administration that “since the beginning, the Majority Leader and myself, along with Sen. McConnell and Sen. Kyl have been clear: tax hikes are off the table.”

As they should be. After all, to paraphrase Ronald Reagan, we don’t have a $14.3 trillion debt because we have not taxed enough, we have a $14.3 trillion debt because we spend too much.
Barack Obama is trying to get Republicans to accept the premise that somehow the deficit has grown on account of tax cuts. It has not.

In 2007, the total budget was just $2.728 trillion with only a $160.7 billion deficit. Now, in 2011, according to the Office of Management and Budget, the budget will be $3.771 trillion with a $1.597 trillion deficit. That’s a whopping 893 percent increase in the deficit in just four years. How can this be, when tax rates are the same?
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Unemployment Miscalculations

Video by Frank McCaffrey
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The UFCW and

By Adam Bitely
A new website has popped up in the last week that seeks to organize the workers of Walmart. In a covert effort launched by the United Food and Commercial Works (UFCW), the union has launched a website called which seeks to sign up Walmart employees to be part of an effort to organize inside of the giant retail chain. is running a deceptive operation in the fact that they attempt to hide their affiliation with the UFCW. According to the website, “Organization United for Respect at Walmart, an independent, not-for-profit organization for hourly Associates. Our organization is not affiliated with Wal-Mart Stores, Inc.” But the site does not mention that it is paid for by the UFCW.

Further, when one does a domain “who is” search, the domain is registered out of the UFCW’s Washington, DC operation at 1775 K Street NW.

The New York Times ran a story last week on this covert operation, and cited that UFCW is not disclosing how much they are paying for the website, writing that “the union will not say how much” they are spending on this effort.

According to Nathan Mehrens who helped oversee labor union financial reporting at the U.S. Department of Labor, “The union would have to disclose any disbursement of money in excess of $5,000, as well as the purpose the money went towards, on their form LM-2. In this case, if they paid a web developer for the construction of a website, the purpose may never come to light.”

Before the public can find out what the UFCW is doing to destroy one of the largest employers in the country, it will all come down to the amount of money that they are spending on this effort.
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ALG Exclusive Interview with Presidential Candidate Herman Cain on EPA

By Kevin Mooney
Have you or your business been on the receiving end of mistreatment from the Environmental Protection Agency (EPA)? If so, you could have a job in a new Herman Cain Administration. The presidential candidate said in an interview that he would like to set up a regulatory reduction commission that includes victims of the renegade government agency. Cain was among several candidates who addressed the Republican Leadership Conference in New Orleans last week.

"Whenever science does not back up a regulation, it's gone, that's the idea," he said. "If you have been abused by the EPA you are a candidate for this commission. We need to stand up average Americans and job creators and we need to get government back in check."

Cain’s comments were prompted by the job killing regulations and lawsuits filed by the EPA related to Obama’s climate change agenda.

Recently the EPA announced that they were going to impose unrealistic timelines for the implementation of climate change rules that American Electric Power Chairman Michael G. Morris denounced saying, “We will have to prematurely shut down nearly 25 percent of our current coal-fueled generating capacity, cut hundreds of good power plant jobs, and invest billions of dollars in capital to retire, retrofit and replace coal-fueled power plants. The sudden increase in electricity rates and impacts on state economies will be significant at a time when people and states are still struggling.”

Cain also said he would put permits for oil drilling on "booster rockets" to help revive the Gulf coast economy. Cain is the former chairman and CEO of Godfather's Pizza.
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