From the U.S. Census Bureau, median household income rose by 6.8% in 2019 - a record one-year increase…
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Image of the Day: Record One-Year Income Rise in 2019

From the U.S. Census Bureau, median household income rose by 6.8% in 2019 - a record one-year increase - to a record high of $68,700.  Notably, under the supposed racist President Donald Trump, those 2019 income gains were largest for minority groups.  And since 2016, median income has risen 9.7%, which is fantastic news for Americans, even if it might be bad news for leftists in their disinformation campaign:

 

[caption id="" align="alignleft" width="498"] Record Income Rise in 2019[/caption]

 …[more]

September 18, 2020 • 11:47 AM

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151 New White House Advisor Politicizes Economics

The liberal politicization of economics continues unabated with President Barack Obama’s nomination of a labor economist to chair his Council of Economic Advisors (CEA).  A look at the nominee’s record shows that his expertise is promoting liberal policies using economic language, not job creation.  Alan Krueger, a Princeton…

152 Warren Buffett: Hypocritical and Factually Incorrect in Calling for Higher Taxes

Want to silence a liberal?  Simply ask anyone demanding higher taxes to produce copies of their own tax returns.  Many who insist on tax increases most loudly and sanctimoniously, including Barack Obama himself, didn’t themselves pay Uncle Sam at the rates they advocate.  So try it.  You’ll likely witness an amusing…

153 Obama Preaches Newest Version of Tax “Bracket Creep”

Ever heard of “bracket creep”?  It’s the scourge of middle-class families, and one of the favorite weapons of tax-and-spend liberals.  Just ask Barack Obama.  On his Midwestern bus tour this week, the president hammered Republican presidential candidates for pledging not to raise taxes if elected.  In his view…

154 Liberals Can’t Tell the Truth About Social Security Funding

During the recently concluded debt ceiling debate, prominent liberals like Senator Bernie Sanders (I-VT) were fond of saying that reforming Social Security was unnecessary because the program “has nothing to do with the deficit.”  Is that true? Here’s an excerpt from an opinion column Senator Sanders wrote on July 21, arguing…

155 Against Bernanke’s Market Manipulations

Try this thought experiment: You are sitting on a pile of cash or cash-equivalents. You are worried about the overall economy, and particularly about your nation’s debt. Inflation is almost nonexistent right now, but you know the most common way for nations to pay off debt is to inflate their currency. Your cash, therefore, may lose value &ndash…

156 Debt Crisis Reveals America’s Quarter-Life Crisis

There was no shortage of disappointment in last week’s dénouement to the months-long fight over raising the nation’s debt limit. President Obama was predictably petulant. The news media was issuing apocalyptic pronouncements, but for all the wrong reasons. And the final resolution staved off immediate dangers, but ignored the long…

157 Out of Balance: Why the Critics Are Wrong About the Balanced Budget Amendment

With the prolonged debate over the debt ceiling finally having concluded earlier this week, many Americans are anxious to leave the divisive and exhausting disputes over our nation’s economic future behind. Reality, however, offers us no such luxury.   While the compromise that ended the debt ceiling impasse may save a few trillion dollars…

158 Connie Mack: Trying to Balance the Budget a Few (Trillion) Pennies at a Time

What if a bill could provide a fail-safe way to reduce federal spending by one percent a year, cap spending at a historically sustainable level and balance the budget in eight years?   If it sounds too good to be true, it isn’t.  But it does need a grassroots movement to demand a vote on it in the House and Senate.  Rep.…

159 Next Step: Growth

However the current budget/debt limit battle plays out, Washington lawmakers in the next phase of financial policy-making should move beyond simple accounting and focus primarily on economic growth. Arithmetically, there is no way within reason to handle this nation’s debt and future unfunded liabilities without powerful and long-lasting growth…

160 The Nation Could Use Santorum-omics

Conservatives spend so much searching for the latest political version of American Idol, no matter how evanescent, that they somehow seem to miss real substance when it appears. That’s what might have happened a few weeks ago when former Sen. Rick Santorum, now running for president, released what could be the boldest and best economic-growth…

161 Obama’s Debt Ceiling Proposal Holds Taxpayers Hostage

To say that Barack Obama has a well-defined leadership style would be perhaps too complimentary. What Obama has instead is a style of crisis management masquerading as leadership. Time and time again, the president waits for issues of public import to reach a moment of absolute peril before publicly weighing in. It was his way in the debate over ObamaCare…

162 $278,000 For Every Job “Saved or Created,” And Now Comes the Bill

This week, we learned that 141 Obama White House aides earn over $100,000 annually.  That’s approximately one-third of its entire staff.  The pundit class buzzed and the increasingly impatient voting class burned over that revelation, and understandably so.  Amid ongoing economic struggle, it came as agitating news for those outside…

163 The Return of Liberals’ Fuzzy Math

It would be one helluva entertaining spectacle to watch liberals do back flips with budget numbers if the consequences weren’t so serious. Not even Cirque de Soleil performers are so acrobatic and adept at shape-shifting pyrotechnics. The left’s latest gambit is to claim that federal domestic discretionary spending, in context, is not extravagant…

164 GM Thanks Taxpayers for Bailout by Calling for Tax Hikes

If you thought the genius who steered General Motors through bankruptcies and bailouts had learned anything about how a prosperous market economy works, think again.  In a stunning series of policy prescriptions, CEO Dan Ackerson reveals an almost criminal attempt to make permanent the government’s distortion of the U.S. auto market. …

165 Obama’s Hopes for An Economic Recovery by Election Day Are Doomed

Talk to stalwart Barack Obama supporters (there are still some of them out there) and many of them will tell you that the key to the 44th President’s reelection is the state of the American economy.    The president, they reason, is still personally popular, able to trade on a likable personality and an innate charisma that recommends…

166 Obama’s Economic Debacle

Major news outlets are suddenly all agog because the vaunted Obama economic recovery not only never was much of a recovery at all, but also seems to be disappearing. “We are on the verge of a great Great Depression!” screams Drudge’s massive headline in red. The Wall Street Journal reports the bad news that the private-sector economy…

167 U.S. Tipping Point: 51% of Households Now Pay No Income Taxes

“A democracy cannot exist as a permanent form of government.  It can only exist until a majority of voters discover that they can vote themselves largess out of the public treasury.  From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy…

168 More Obama “Recovery” – Economy Slows While Inflation, New Unemployment Claims Rise

“Obama, Biden Declare ‘Recovery Summer’”  That was a Politico headline on June 17, 2010.  The previous month, President Obama prematurely declared a tepid 3.2% economic growth rate for the first quarter of 2010 “an important milepost on the road to recovery.”  One year later, we’re still…

169 The Coming Bernanke-Obama Stagflation

The Federal Reserve Board is badly misunderstanding American psychology, and probably misinterpreting underlying economic realities. Inflation looms like one of the ugliest monsters in Binkley’s Closet of Anxieties, except that this beast is no mere figment of imagination. A public that sees its grocery and gasoline costs rising precipitously…

170 Dear Liberals: Income Isn’t “Distributed,” It’s Earned

Of all the canards nurtured by liberals, perhaps the most corrosive is their persistent reference to income as “distributed” or “taken.”  What explains that bizarre mindset?  It’s as if liberals believe in some sort of mystical, heartless roulette wheel in the sky that arbitrarily “distributes” cash…

171 Obama’s Deficit Reduction Plan: More Spending, More Taxes, Less National Defense

Hillsdale College Professor Paul Rahe – who has the distinction of being both a wag and a world-class intellect – is a high priest of the aphorism. Reviewing President Obama’s Wednesday speech on fiscal policy, he was characteristically concise: “[It] was in keeping with the President’s habitual practice. He said nothing…

172 Liberal Attacks Misfire on Ryan Budget Plan

The Left’s denunciation of House Budget Committee Chairman Paul Ryan’s (R-WI) 2012 “Path to Prosperity” budget proposal was swift, but curious. So far, no liberal commentator inside or outside government has seriously addressed the central inescapable issue of federal spending:  It is unsustainable at current levels. …

173 Obama’s Proposed Tax Increases Wage War on Civil Society

The Obama Administration’s proposed tax increases will reduce the amount of money available for charities from America’s largest givers.  Instead, the federal government will reap a coerced windfall from higher taxes and lower deduction levels. A new report published by the Heritage Foundation, the conservative think tank, explains…

174 WARNING: Defense Cuts May Be Hazardous to Our Health

In February 2009, Barack Obama unequivocally pledged to cut the deficit in half by the end of his first term:  “As our interest payments rise, our obligations come due, confidence in our economy erodes and our children and our grandchildren are unable to pursue their dreams because they’re saddled with our debts.  That’…

175 Meet the New Obama, Same as the Old Obama

It made for quite a spectacle:  President Obama instructing an audience of struggling entrepreneurs and employers to just start hiring and stop conserving their cash.   Gee, why didn’t they think of that?  Barack Obama has never owned a company in his life.  He has never faced bankruptcy for a family business built…

176 Omnibus Spending Bill: A Litmus Test for GOP Budget Cutters

Breaking News:  Due to intense grassroots and Congressional opposition to the Omnibus Spending Bill, Senate Majority Leader Harry Reid pulled it late Thursday night and will yield to Republican leaders in the Senate to provide basic funding for the government temporarily into the New Year through a simple Continuing Resolution…

177 It Wasn’t the Economy, Stupid

At least Bill Clinton – no paragon of humility or contrition – could acknowledge that “the era of big government is over” after his 1994 corrective.  Not Barack Obama or Nancy Pelosi, however.  According to them, their electoral “shellacking” merely reflected irrational voter panic about economic conditions…

178 A Balanced Budget Amendment Doesn’t Have to Mean Higher Taxes – CFIF’s “One More Vote” Proposal Doesn’t

A balanced budget amendment, in the wrong hands or crafted in the wrong form, can unfortunately provide a vehicle for big-government advocates to rationalize higher taxes.  To illustrate, a federal government that dramatically expands spending only to throw up its hands and plead no alternative to tax hikes to satisfy a new balanced budget amendment…

179 Fed Up: The Cost of Ben Bernanke’s Monetary Kamikaze Mission

In the land of the blind, the one-eyed man is king. Translation: In a Washington where most decision makers must face the voters on a regular basis, a man with an appointed four-year term can act with impunity unavailable to those who have to answer to the electorate.   Such is the story of Dr. Ben Bernanke, the Princeton economist turned Federal…

180 Latest IRS Data: Wealthier Americans Again Paid More than Their “Fair Share”

“The rich are not paying their fair share.”  So said Hillary Clinton earlier this year, parroting one of the political left’s favorite canards.  In fairness, perhaps she only meant to reference her own gilded marital syndicate with Bill.  Regardless, she’s absolutely right, but in a very different manner than…

 
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Question of the Week   
Constitution Day is observed annually on September 17th because on that date in 1787:
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"Joe Biden has pitched himself to voters as a 'union man,' a son of Scranton, Pa., who respects the dignity of work and will defend organized labor if he wins the White House.To rank-and-file members in some unions, especially the building trades, it doesn't matter. They're still firmly in Donald Trump's camp.Labor leaders have worked for months to sell their members on Biden, hoping to avoid a repeat…[more]
 
 
—Holly Otterbein and Megan Cassella, POLITICO
— Holly Otterbein and Megan Cassella, POLITICO
 
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Which one of the following do you believe is the most likely cause of the forest fires devastating America's west?