Free Republic

This week, as President Obama prepares for a big jobs speech (yet again!), even his partisans have begun to lose hope that he’s going to have any new or effective ideas about how to create jobs in America’s stalled economy. But one thing is certain: Whatever he says, it will be cloaked in euphemism. There’s an old cliché insisting that fuzzy speaking means fuzzy thinking. Somehow, however, the Obama Administration has managed to turn the aphorism on its head. The President and his supporters resort to the use of euphemisms not because their thinking is fuzzy, but because they believe...

The United States tax code is so backward that billionaire investor Warren Buffett pays only 17 percent in income taxes, a rate even lower than that of his secretary. Or so he claims. While I have great respect for Mr. Buffett, and while I agree that our tax code could benefit from major adjustments, Mr. Buffett's statement is misleading. And he knows it. Even worse, when Mr. Buffett implies that wealthier Americans are under-taxed, it gives public officials cover to pursue disastrous policies such as Maryland's failed millionaire's tax, and the pending sales tax on interstate Internet purchases known as...

The majority of economists surveyed by the National Association for Business Economics believe that the federal deficit should be reduced only or primarily through spending cuts. The survey out Monday found that 56 percent of the NABE members surveyed felt that way, while 37 percent said they favor equal parts spending cuts and tax increases. The remaining 7 percent believe it should be done only or mostly through tax increases. As for how to reduce the deficit, nearly 40 percent said the best way would be to contain Medicare and Medicaid costs. Nearly a quarter recommended overhauling the tax system...