Considering Joe Biden stating “If I hear one more Republican tell me about balancing the budget, I am going to strangle them.”, I thought I would help out by posting a very interesting video about balancing the budget (when it is finally written) without raising taxes.
Dan Mitchell of the Cato Institute narrates this Center for Freedom and Prosperity video, and even the bottom third of the class will be able to understand it.
It’s Simple to Balance The Budget Without Higher Taxes
DETROIT — Police who carried out a raid on a family home that left a 7-year-old girl dead over the weekend were accompanied by a camera crew for a reality television show, and an attorney says video of the siege contradicts the police account of what happened.
Geoffrey Fieger, an attorney for the family of young Aiyana Jones, said he has seen three or four minutes of video of the raid, although he declined to say whether it was shot by the crew for the A&E series “The First 48,” which has been shadowing Detroit homicide detectives for months.
Police have said officers threw a flash grenade through the first-floor window of the two-family home, and that an officer’s gun discharged, killing the girl, during a struggle or after colliding with the girl’s grandmother inside the home.
But Fieger said the video shows an officer lobbing the grenade and then shooting into the home from the porch.
“There is no question about what happened because it’s in the videotape,” Fieger said. “It’s not an accident. It’s not a mistake. There was no altercation.”
“Aiyana Jones was shot from outside on the porch. The videotape shows clearly the officer throwing through the window a stun grenade-type explosive and then within milliseconds of throwing that, firing a shot from outside the home,” he said.
A&E spokesman Dan Silberman said neither he nor anyone else from the network would comment about the case, and he denied a request by The Associated Press for the footage.
Read the rest at the link above.
For all those right-wing conservatives and liberal left democrats out there, better take the blinders off to the republicans, democrats, and past administrations. We all look the same to the paramilitary police.
(CNN) — Police in Detroit, Michigan, on Sunday expressed “profound sorrow” at the fatal shooting of a 7-year-old girl in a police raid.
Aiyana Jones was shot and killed by police executing a search warrant as part of a homicide investigation, Assistant Chief Ralph Godbee said in a statement.
“This is any parent’s worst nightmare,” Godbee said. “It also is any police officer’s worst nightmare. And today, it is all too real.”
The warrant was executed about 12:40 a.m. ET Sunday at a home on the city’s east side, Godbee said. Authorities believed the suspect in the Friday shooting death of 17-year-old high school student Jarean Blake was hiding out at the home. Blake was gunned down in front of a store as his girlfriend watched, Godbee said. (emphasis mine)
Glenn continues his series about cutting the fed’s spending; covering Social Security and Medicare with guests Stephen Dubner and Chris Edwards (Cato Insitute). (Let me know if you laugh as hard as I did while listening to good ole Ben on the economy.)
Let’s start with the price tag. According to the report just released by the Congressional Budget Office, the bill will cost roughly $829 billion over the next 10 years. And, significantly, it is even projected to reduce the budget deficit over 10 years by $81 billion. Of course, both those numbers are misleading.
The $829 billion cost is for the next 10 years, 2010-2019, but the most expensive provisions of the bill don’t take effect until July of 2013. The cost over the bill’s first 10 years of actual operation is closer to $1.3 trillion.
In addition, the bill assumes that Congress will implement a 21% reduction in Medicare payments that is already scheduled under current law. The only problem is that Congress has been supposed to make those reductions since 2003 — and never has. There is no reason to believe it will do so this time either.
Most importantly, the bill does not achieve its deficit reduction by controlling spending or reducing health care costs. In fact, by the end of the 10-year budget window, the cost of the program is expected to be growing at 8% per year. But revenue from the bill’s new taxes would be growing between 10% and 15% per year.
In particular, the bill imposes a 40% excise tax on health insurance plans that offer benefits in excess of $8,000 for an individual plan and $21,000 for a family plan. Insurers would almost certainly pass this tax on to consumers via higher premiums. (emphasis mine)
As inflation pushed insurance premiums higher in coming years, more and more middle-class families would find themselves caught up in the tax — providing the government with more revenue.
The overall tax increases in the bill are more than double the amount of deficit reduction. This isn’t a health care efficiency bill or a cost-containment bill. It is a tax-and-spend bill, pure and simple. (emphasis mine)
With all this, the bill still leaves 25 million people uninsured.
Make sure to go over to the Cato Institute and read the whole article.
Sen. Charles Grassley’s comments with Neil Cavuto about this bill going left.