Wednesday, June 13, 2012

Romney amends budget goals, assails Obama's record | Fox News

Romney amends budget goals, assails Obama's record | Fox News: "Mitt Romney told business leaders Wednesday that he would try to put the federal budget on track to be balanced within eight to 10 years, acknowledging it could take longer than two presidential terms to get the job done as he had previously hoped.

Romney told members of the Business Roundtable that "I will, in my first 100 days," take steps that will lead to a $500 billion reduction in the deficit by the end of his first term. Cutting some government programs, sending others back to states and hiring fewer government workers and reducing their salaries will "get us to a balanced budget within eight to ten years," he said."

The situation is so dire that we need to stop the bleeding within the next decade! :-/

Hearkening Back to the USSR | Swaminathan S. Anklesaria Aiyar | Cato Institute: Commentary

Hearkening Back to the USSR | Swaminathan S. Anklesaria Aiyar | Cato Institute: Commentary: "Back in the 1970s, the U.S. government passionately pleaded for untrammeled emigration as a fundamental human right. In 1975, the U.S. imposed trade sanctions on the Soviet Union for levying an exit tax on citizens wishing to emigrate (mostly Jews). In a complete reversal of that moral passion, Senator Charles Schumer has now introduced legislation to levy a tax of 30% on assumed capital gains of people like Eduardo Saverin, co-founder of Facebook, for giving up American citizenship and emigrating to Singapore. The exit tax proposed on Saverin and others like him is thousands of times higher than anything the Soviet Union dreamed of."