Posted: December 3rd, 2014 | Author: admin | Filed under: Amnesty, Fiscal Cliff, Government Shutdown, Immigration, Obama, Obama Administration | Tags: Amnesty, Barack Obama, Government Shutdown, Immigration, John Boehner, Mitch McConnell, Spending, Tea Party, Ted Cruz | 2 Comments »
U.S. Senator Ted Cruz, R-Texas, holds a news conference in Washington September 9, 2014. Jonathan Ernst/Reuters
WASHINGTON (Reuters) – Conservative Republicans on Wednesday resisted a plan to avert a budget fight over President Barack Obama’s immigration order, raising the likelihood that the spending struggle in Congress could last right up to the Dec. 11 deadline for a government shutdown. Tea Party lawmakers stood firm against House of Representatives Speaker John Boehner’s plan… Read the rest of this entry »
Making Sense, by Michael Reagan
Republicans had better learn from history — and from Ronald Reagan’s mistake.
President Obama and his fellow big-spenders in Congress are promising if they get higher tax rates today they’ll make even higher spending cuts tomorrow.
It’s an old sucker’s game. Republicans — and the rest of the country — should know it by now, because for three decades we’ve all been suckers.
If history is our guide, and Republicans in Congress don’t grow a spine, by this time next year we’ll have higher taxes, higher spending, more debt and a bigger government.
Twice before, Republicans have been fooled into playing the Democrats’ con game.
It happened to my father early in his first term when he sought to close a growing federal deficit caused by the deep economic recession. He believed Democrats in Congress would keep their pledge to make $3 in future spending cuts for every $1 in immediate tax increases.
In 1982 he signed a compromise tax bill with the horrible name of TEFRA — the Tax Equity and Fiscal Responsibility Act. And, when those promised spending cuts never materialized in Congress, TEFRA became one of the biggest regrets of my father’s presidency.
My father was duped by the duplicity of Democrats. And so was George H.W. Bush less than a decade later, when he foolishly allowed himself to be taken for the same ride.
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Posted: November 28th, 2012 | Author: admin | Filed under: Economy, Fiscal Cliff, Michael Reagan, Republican Party, Taxes | Tags: Fiscal Cliff, Michael Reagan, republicans | Comments Off on Republican Suckers