Facts about the fiscal cliff

Total receipts to the Federal Government for 2013 are estimated at $2.9 Trillion – the highest in history. (1) Estimated 2013 deficit: $1 Trillion based on current tax rates (2) Estimated 2013 deficit if we do “go over the fiscal cliff” based on required spending cuts and tax increases:  $641 billion (3) Obama’s offer:  $1.6 Trillion in […]

Obama Policies Copy Moribund California, Not Texas

Anyone who thinks that President Obama’s economic policies will spur strong growth should consider U-Haul rates between California and Texas. Renting a 20-foot truck one-way from San Francisco to San Antonio, for example, will cost $1,693. But the U-Haul tab to go in the opposite direction is just $983. To University of Michigan economist Mark […]