Obama’s doomsday scenarios. Even if every penny of the “sequestration” goes into effect, which I doubt, you can be sure that Washington will spend more money this year than it did last year. If the Feds would just hold spending for 2013 to 2012 levels, there would be more than $85 billion in budget cuts. But President Barack Obama and his allies want to frighten the public into opposing any reductions, thus the threats to cut back on police, firefighters, border patrols, teachers and emergency personnel. It’s all part of the game to frighten a gullible public and to intimidate conservatives in Congress.
Hillary will rake in some big bucks. Now that she is officially out of office, look for Hillary Clinton to generate some hefty paychecks on the speaker circuit. Estimates are that the former Secretary of State, Senator and first lady will be able to command more than $100,000 per lecture. Add to that the millions of dollars she will no doubt receive when she signs a contract to write her memoirs, and it won’t be long before she can rival her husband’s earnings. Of course, it will take Hillary Clinton a while to amass the fortune Bill Clinton has banked since he left office. Estimates are that the former President now has a net worth north of $50 million.
The Chicken Littles in Washington are sure having conniptions over the thought of having to make some spending cuts, aren’t they? “Sequestration” has become the new scare word, with the White House and its allies using language like “doomsday,” “deeply destructive,” “irresponsible” and “catastrophic.”
It was 100 years ago this month that the 16th Amendment to the Constitution officially became the law of the land. Since this is the one that authorized the Federal government to implement a graduated income tax in the United States, you’ll understand why I say that Feb. 3, 1913, was a very bad day for liberty.
Obama ignores the law — again. President Obama is required to submit an annual budget to Congress every year by Feb. 1. It’s not just a tradition, it’s the law. But for the fourth year in a row, the Administration ignored this unequivocal requirement. Naturally, his friends in Congress and his allies in the mainstream media have pretty much ignored his flat refusal to obey the law. Are you surprised?
Where we once had 3 million or 4 million illegal aliens, we’re now told the correct number is more than 11 million. This is not immigration. It’s an invasion. And we need to deal with it as such. This is not just my opinion. It is what our Constitution says.
Appeals Court overrules Obama. Remember a year ago, when President Barack Obama claimed he was making “recess” appointments to the National Labor Relations Board and the Consumer Financial Protection Bureau (except the Senate wasn’t really in recess)? On Jan. 25, a three-judge panel of the U.S. court of Appeals for the D.C. Circuit ruled that the appointments were an illegal abuse of executive power. On Wednesday, the Supreme Court decided not to get involved in the dispute. That means all of the pro-union orders the NLRB issued last year could be thrown out. Stay tuned; this could get interesting.
Ratings plunge for Obama inaugural. Fewer than half as many Americans watched Barack Obama’s second inauguration on cable news channels as they did on his first Inauguration Day back in 2009. Four years ago, close to 17 million people tuned in to the special coverage on CNN, MSNBC and FOX News. This time around, fewer than 7 million Americans watched any of the coverage.
Pro golfer Phil Mickelson backed into a buzz saw when he said he might make some “drastic changes” about where he lives. Thanks to the confiscatory taxes he and his family will now be paying, he said he was even considering moving out of the People’s Republic of California.
Jamie Foxx is one of a bevy of Hollywood celebrities who appear in a new video urging Washington to come up with a plan to end gun violence. Chris Rock, Amy Poehler, Cameron Diaz, Jennifer Aniston and Will Ferrell join Foxx in pleading: “For the children of Sandy Hook, we demand a plan.”
Stock bulls will like this Super Bowl. Are you familiar with Wall Street’s Super Bowl Predictor? It says that the stock market will go up in a year that an original National Football League team wins the Super Bowl, but will fall whenever a team from the former American Football League is victorious. Hey, don’t scoff; it’s been right more than 80 percent of the time. And since both contestants in this year’s Super Bowl were part of the original National Football League (the Baltimore Ravens trace their lineage back to the old Cleveland Browns), followers say the market will be up for the year. Time will tell if they’re right again.
Delays expected in tax refunds. The Internal Revenue Service announced that the Congressional debate over the fiscal cliff has caused it to delay processing individual tax returns by eight days. The IRS needed the extra time to program its computers to include the changes and extensions the legislation included. The IRS says it will begin processing 2012 tax returns by the end of the month.
Barack Obama’s second term hasn’t even officially begun. But we already know that the tone will be even more demanding and confrontational than his first term. That became clear in the so-called negotiations over the fiscal cliff.
Did you see where New Jersey Governor Chris Christie lit into Speaker John Boehner and the Republican-controlled House of Representatives for delaying a vote on giving billions of dollars in Federal aid to States devastated by Superstorm Sandy?
We’re getting tired as well, Mr. President. Speaker of the House John Boehner told Wall Street Journal columnist Stephen Moore that during negotiations over the fiscal cliff, he kept trying to tell the President that the Nation doesn’t have a revenue problem; it has a spending problem. Moore quotes Boehner as saying he repeated this message so often that the President finally responded, “I’m getting tired of hearing you say that.” Well, we’re getting tired of having to say it, Mr. President.
The Benghazi, Libya, deceit continues. Remember when the U.S. Department of State said that four top officials resigned after the release of a scathing report on the terrorist attack that killed our ambassador and four other Americans? It turns out that wasn’t quite true. One person simply got a new job, while three others were placed on temporary leave. Representative Ileana Ros-Lehtinen (R-Fla.), chairwoman of the House Foreign Affairs Committee, blasted the deception, saying, “The discipline is a lie and all that has happened is the shuffling of the deck chairs.”
Happy New Year, everyone! Weren’t you inspired to see how our elected representatives worked late into the night, even on New Year’s Eve, to keep this country from plunging over the fiscal cliff? And what a great deal they got for us! Taxes are guaranteed to go up for the vast majority of Americans.
Mass shootings at public schools in this country were extremely rare prior to 1995. That was the year that Congress approved the national Gun-Free School Zone Act. The assumption was that banning anyone from carrying a weapon into any of our public schools would make them safer. It didn’t. All it did was make them sitting ducks for deranged lunatics.
Report confirms Benghazi mistakes. Well, it took more than three months, but the State Department finally released the results of an internal investigation into what actually happened during the Sept. 11 attack on our consulate in Benghazi, Libya. It concluded that our ambassador and three other Americans died as a result of “systemic failures” and “leadership and management deficiencies” at senior levels within the State Department. The report also rejected the now-discarded explanation, put forward by U.N. Ambassador Susan Rice and President Barack Obama, that the attack was the result of protests against an anti-Islamic film.
Gold sales hit new highs. The U.S. Mint reports that sales of American Eagles, the popular gold coins it produces, exploded in November, hitting their highest level in more than two years. The Royal Canadian Mint says that sales of the gold Maple Leaf were also up dramatically last month. I don’t think it’s a coincidence that this follows on the heels of Barack Obama’s re-election. Do you?
Union bosses in Michigan thought they had pulled off a real coup when they managed to get a measure on the November ballot that would have enshrined their power in the State constitution. Imagine their shock when voters overwhelmingly rejected the amendment.
Regardless of whether Congress and the President reach some sort of accommodation over how much the “rich” will be taxed, a financial train wreck looks almost unavoidable. Blame Barack Obama.
An economic indicator goes positive. When he was chairman of the Federal Reserve, Alan Greenspan said that one of the unusual indicators he followed was sales of men’s underwear. The theory posits that sales decline when men are pessimistic about their incomes and the economy. Let’s hope the opposite is also true, because Hanes and other underwear manufacturers are reporting higher sales than they’ve enjoyed in years. The men’s underwear indicator is flashing positive.