AUGUST 26, 2010 The IRS Targets Incompetent Tax Preparers That’s good news. But the agency is going overboard By BRAD SHERMAN AND MICHAEL CONAWAY The IRS is out to do something nice for us by ensuring we get quality help when we hire someone to prepare our tax returns. Unfortunately, parts of this laudable effort […]
IRS BROADENS ITS REACH Read More »
AUGUST 24, 2010 The Fed Can Create Money, Not Confidence Inflation—or stagflation—remains the more serious danger than deflation. By GEORGE MELLOAN A report by the Federal Reserve Bank of New York last week showed that consumers are having difficulty climbing out of the debt hole they dug for themselves before the credit bubble began to
THE FED CAN’T BUY PUBLIC CONFIDENCE Read More »
AUGUST 22, 2010 $4.4 Trillion That’s how much the spending baseline has increased in 31 months. Speaking last Wednesday in Columbus, Ohio, President Obama asked, “How do we, over the long term, get control of our deficit?” Good question. Here’s the answer suggested by last Thursday’s semi-annual budget summary from the Congressional Budget Office: Stop
THE $4.4 TRILLION SPENDING BOOM Read More »
AUGUST 24, 2010 Virginia Is for Surpluses Erasing red ink without a tax increase. Here’s something you don’t see often these days: a government running a budget surplus. Governor Robert McDonnell announced last week that Virginia closed fiscal 2010 some $400 million in the black. That’s a radically improved financial picture from a year ago
VIRGINIA STOPS THE RED INK WITHOUT A TAX INCREASE Read More »
AUGUST 19, 2010 Unfunded Public Pensions—the Next Quagmire A federal bailout would cost trillions and prevent necessary reforms. But there are several ways states can rationalize their workers’ retirement benefits. By R. EDEN MARTIN The next big issue on the national political horizon may be whether the federal government should bail out the many budget-strapped
THE NEXT BAILOUT – UNFUNDED PENSIONS Read More »
Frank Roche, economist, comments on issues and concerns of our day http://www.therocherecord.com
THE ROCHE RECORD – ISSUES AND CONCERNS OF CURRENT INTEREST Read More »
MITT ROMNEY Grow jobs and shrink government By Mitt Romney | August 18, 2010 IT’S NOT happening the way President Obama had planned. Unemployment blew past his 8 percent ceiling and hasn’t looked back. Private sector investment in new jobs and capital has languished. Even the head of the president’s Council of Economic Advisers, Christina
MITT ROMNEY – HOW TO FIX OUR ECONOMY Read More »
ACCOUNTING 101 It seems like a miracle that our leader was able to convince BP to establish a $20 billion slush (oops, escrow) fund to compensate those hurt by the ongoing oil plume in the Gulf of Mexico . After all, he had no constitutional power to force them to do so; so had to
OBAMA AND BP – ACCOUNTING 101 Read More »
AUGUST 16, 2010 The End of American Optimism By MORTIMER ZUCKERMAN Our brief national encounter with optimism is now well and truly over. We have had the greatest fiscal and monetary stimulus in modern times. We have had a whole series of programs to pay people to buy cars, purchase homes, pay off their mortgages,
MORT ZUCKERMAN – THE END OF AMERICAN OPTIMISM Read More »
HEUBUSCH: Remembering ‘Morning in America’ Tax cuts unleashed America’s renewal at home and abroad By John Heubusch – Executive Director of the Ronald Reagan Presidential Foundation and Library The Washington Times July 28, 2010 Illustration: Reagan’s morning by Alexander Hunter for The Washington Times EXCERPT FROM THIS ARTICLE: Over the eight years of the Reagan
RONALD REAGAN – ‘MORNING IN AMERICA’ Read More »
