Obama Confirms Trillion-Dollar Budget Deficits
The White House today released its updated federal budget projections. By releasing the report late on a Friday afternoon—a longtime Washington tradition for stories that politicians want to bury—the Obama Administration is effectively admitting that its budget numbers will not be well-received. The “Mid-Session Budget Review” projects that this year’s budget deficit will reach $1.471 trillion, or 10 percent of the economy. In nominal dollars, it’s the largest deficit in American history. As a percentage of the economy, it’s the largest deficit since World War II.
'Catastrophic' If Bush Tax Cuts Not Renewed
Former GOP presidential candidate and U.S. Sen. Fred Thompson warns that not extending the Bush tax cuts could have "devastating" and "catastrophic" consequences for the American economy. ??"We must urge Congress and the president to renew the Bush tax cuts early, before they expire and before investors lose confidence in the U.S. economy," Thompson stated in a letter his signed on behalf of the League of American Voters, a non-partisan organization that advocates conservative principles.
Kansas poised to be in top 20 of most taxed states
The report said Kansas ranked 19th in its dependence on property taxes, 22nd in sales taxes, 22nd in individual income taxes and the 16th in corporate income taxes. Dave Trabert, president of the Kansas Policy Institute, noted that the state probably climbed into the top-20 in sales taxes when a statewide 1-cent sales tax increase took effect July 1.
Paul Ryan v Chris Matthews on Spending
Conservative Republican and economic wonder Congressman Paul Ryan waxes MSNBC host, Chris Matthews and a Democrat Congressman over spending. A great supply side economic argument.
Pentagon Eyes Accused Analyst Over Leaks
Military investigators are checking computers used by Bradley Manning, a U.S. Army intelligence analyst charged this month with leaking classified information, to see if he is the source of thousands of military documents published Sunday by WikiLeaks. The material released relates entirely to the war in Afghanistan, while Pfc. Manning was stationed in Iraq. But investigators are trying to determine what material he was able to get access to and what material he transferred.
Kochs: businessmen dedicated to the free market
But there are honest leaders in the corporate world who go a different way. Charles and David Koch of the Wichita-based Koch Industries are among the preeminent examples of such men and women.
They've built one of the world's largest private corporations based on the principles of free markets and competition. For more than 40 years, the Kochs have also been aggressive supporters of those principles in the public policy arena, a fact that always flusters critics of economic freedom.
N Dakota lead US job creation/Thanks Sebelius!
North Dakota and Alaska have added the most jobs.
The study of U.S. employment trends found 40 states had fewer jobs in May 2010. In first place, North Dakota added 21,300 jobs from 2005 to 2010 and saw an increase of 3,200 jobs in the last year alone, reported the study, mostly due to increase energy businesses. Nearly two years ago, Kansas rejected a coal plant that then located in Bismarck, ND. Thanks Governor Sebelius and KDHE Secretary Ron Bremby for your job stimulus program for North Dakota. Incredible!
Ex-Moran Campaign Chief Endorses Tiahrt
A former campaign manager for Kansas Republican Jerry Moran is now publicly endorsing Moran's main rival for the U.S. Senate. Paul Moore said Sunday that he's backing Moran's fellow congressman, Todd Tiahrt, after coming to believe that Moran was not instinctively conservative.
Chris Christie Interview with Jack Tapper
For your afternoon viewing pleasure, 10 minutes with the GOP’s new rock star, Governor Chris Christie of New Jersey. The man is doing an incredible job!
Obama Throws Vilsack Under the Bus
President Obama said Secretary Tom Vilsack rushed to judgment when he dismissed Shirley Sherrod from the Department of Agriculture amid charges of racism. "He jumped the gun!”
Congress' Food Tab: $604,000 for Bottled Water
House members spent part of their Members Representational Allowances on these items -- and more -- during the nine-month period between late 2009 and early 2010 covered by the Sunlight Foundation's House Expenditure Reports Database. The info is highly enlightening, revealing, for instance, the popularity of Chantilly Donut's sinkers; what it costs to feed hungry congressional pages; and how lucrative it can be to own a part of the cottage industry of keeping our duly elected representatives fed and well hydrated.
St. Louis Fed: Smoking Ban Hurt MO Revenues
Tom Garrett, a St. Louis Fed economist, says there’s no doubt that Illinois casinos lost revenue after the state implemented a smoking ban in 2008. Kansas casinos are exempted from the smoking ban because casino proponents don’t want to experience revenue losses. Ban proponents say privately operated bars will not lose revenue due to the ban. Garrett says studies that show a positive impact of smoking bans on bar and restaurant revenue are not rigorous and their results are not convincing. The availability of specific data on casinos allowed a more detailed evaluation of the ban’s impact.
Peterjohn’s Crash Course on Macroeconomics
Sedgwick County Commissioner Karl Peterjohn gave a crash course in macroeconomics – and the choices between market or government control. “Instead of simply discussing county issues, I wanted to discuss the larger environment including the battle of ideas that we face in trying to solve our economic problems.
The Moral Basis for Economic Liberty
Today, those who defend free markets and capitalism often do so solely on managerial or technical grounds, but economic liberty needs a moral defense as well. Defense of economic liberty without reference to morality will ultimately prove injurious to liberty itself. Rightly understood, capitalism is simply the name for the economic component of the natural order of liberty. It means expansive ownership of property, fair and equal rules for all, economic security through prosperity, strict adherence to the boundaries of ownership, opportunity for charity, wise resource use, creativity, growth, development, prosperity, abundance. Most of all, it means the economic application of the principle that every human person has dignity and should have that dignity respected.
Obama Secretly Backed Lockerbie Bomber Release
THE US government secretly advised Scottish ministers it would be "far preferable" to free the Lockerbie bomber than jail him in Libya.
Correspondence obtained by The Sunday Times reveals the Obama administration considered compassionate release more palatable than locking up Abdel Baset al-Megrahi in a Libyan prison. The intervention, which has angered US relatives of those who died in the attack, was made by Richard LeBaron, deputy head of the US embassy in London, a week before Megrahi was freed in August last year on grounds that he had terminal cancer. The document, acquired by a well-placed US source, threatens to undermine US President Barack Obama's claim last week that all Americans were "surprised, disappointed and angry" to learn of Megrahi's release.
Sen. John Kerry skips town on sails tax
Sen. John Kerry, who has repeatedly voted to raise taxes while in Congress, dodged a whopping six-figure state tax bill on his new multimillion-dollar yacht by mooring her in Newport, R.I. But instead of berthing the vessel in Nantucket, where the senator summers with the missus, Teresa Heinz, Isabel’s hailing port is listed as “Newport” on her stern. Could the reason be that the Ocean State repealed its Boat Sales and Use Tax back in 1993, making the tiny state to the south a haven - like the Cayman Islands, Bermuda and Nassau - for tax-skirting luxury yacht owners?
Pyle much different from Jenkins in 2nd District
In 2002, when Jenkins was a state senator, she said she would oppose a state sales tax increase but then voted for a $294 million tax increase, which included raising sales, inheritance, cigarette and liquor taxes. Jenkins has said the tax increase was needed to balance the state’s budget. Pyle, who has served in the state House and Senate, also is slamming Jenkins for spending $422,000 in taxpayer-funded mailings in 2009. Pyle has criticized Jenkins for being one of nine Republicans to vote against an amendment to stop federal funds going to Planned Parenthood. Planned Parenthood has said none of those federal funds go toward abortions.
Godsey on Power and Light District
Here's a surprise for you: Kansas City's downtown Power and Light District, which former mayor Kay Barnes and her allies on the City Council said would be self-sustaining, is far from it. The project is nowhere close to the projections that city officials provided taxpayers. In 2006, the city approved $295 million worth of bonds to build the Power and Light District. The idea was that revenues from the project would cover debt payments. But this week, the acting city manager admitted that taxpayers should expect to pony up $10 million to $15 million annually until the bonds mature in 2033. That adds up to at least an extra $230 million -- money that might have gone for fire and police protection, water, sewer and street repairs. The current City Council is talking about a downtown convention hotel, which studies say will require a public subsidy. Given the city's track record with the Power and Light District, you've got to be kidding!
Obama adviser linked to unindicted co-conspirator
A religion adviser to President Obama has close ties to a radical Muslim group that was an unindicted co-conspirator in a scheme to raise money for Hamas.
The group, the Islamic Society of North America, or ISNA, has an extensive relationship with the Obama administration. In February, Obama named a Chicago Muslim, Eboo Patel, to his Advisory Council on Faith-Based and Neighborhood Partnerships. Patel is the founder and executive director of Chicago-based Interfaith Youth Core, which says it promotes pluralism by teaming people of different faiths on service projects.
Franklin County deputy dies in wreck
A Franklin County Sheriff’s deputy died Friday night after losing control of his patrol car. Deputy Samuel A. Smith, 22, was responding to a domestic disturbance call near Pomona, Kan. when he lost control and struck a tree head on. The car then caught fire.
Congressman: Stop worthless votes
House Democrats and Republicans have put aside their differences this year to honor the likes of golfer Phil Mickelson, the Chicago Blackhawks hockey team, NASCAR driver Jimmy Johnson and the Penn State women's volleyball team. But when it came time this week to memorialize the start of the 142nd season of the Saratoga race course in New York, one freshman lawmaker decided he'd had enough. "It's an absolute embarrassment," said Rep. Jason Chaffetz of Utah, announcing on the House floor a vow to vote against all future sports resolutions. He worried that there were kids in the visitors' gallery who would go back home and, asked whether Congress was talking about war or debt, reply: "Oh no, they were honoring a race course."
Archbishop: Votes should reflect principles and values
This is a reminder that Kansas’ primary election is one week from today. All Catholics are urged to fulfill their civic duty by voting, and as always, our votes should reflect our principles and our values as Catholics. In order to assist Catholics with the formation of their consciences in preparation for voting, Kansas’ four Catholic bishops have released a list of questions and answers addressing some of the important challenges faced by Catholic voters. The bishops have also written a statement outlining the many considerations that must be weighed by Catholics as they prepare themselves for conscientious voting. These documents are available at the Kansas Catholic Conference’s 2010 Primary Election page, where you can find other important information, including a list of how your legislators voted on important bills during the 2010 legislative session.
TKF House Endorsements for Aug Primary
TKF endorses the KFL PAC endorsements for the Kansas House of Representatives.