Congress Should Consider Cutbacks to Address Federal Budget Deficit

Wall Street Journal

Boskin: Former Obama adviser Larry Summers warned the administration against federal loan guarantees to Solyndra, writing in a 2009 email that 'the government is a crappy venture capitalist.'

Financial Times

Hubbard: President Barack Obama said in his State of the Union that the US needs an economy “built to last”. Unfortunately, in his populist rhetoric, Mr Obama missed an opportunity to tee up the conversation the US must have during this election season: How do we restart dynamism in our economy, delivering productivity growth and raising living standards?

Financial Times

"Not content with these body blows to the world trading system, which his predecessors had built up over decades of US leadership, Mr Obama pulled off the remarkable feat of making things yet worse with his State of the Union address..."

Politico

In the movie Groundhog Day, actor Bill Murray relives the same day over and over, much as Americans have seemed to wake up to the same dreary economic headlines documenting years of this sluggish economy. And despite their repeated efforts, lawmakers seem unable to do the right thing to revive the job market, reduce debt, and get back to vibrant growth.

Wall Street Journal

The new 30% capital gains rate would be the developed world's third highest behind only Denmark and Chile, according to the American Council for Capital Formation. This is on top of the 35% corporate rate that is already the second highest rate in the world after Japan.

Wall Street Journal

Individuals should be free to decide what to produce and consume, and their decisions should be made within a predictable policy framework based on the rule of law.

Forbes

If Lady Gaga recognizes and espouses the unfairness of our tax system, then the first drink is on me and the first shot is to make our tax system smarter, starting with rates.