Rational Nation USA

Rational Nation U S A Purveyor of Truth Frankly how anyone believed the tRump rhetoric on budgetary and tax matters is a mystery. Yuuuge infrastructure and defense spending, erecting a yuuuge beautiful border wall, and yuuuge tax cuts while braying about fiscal responsibility. Sounds like a repeat of the GWB and BHO years. Giant infrastructure plan, major tax cut on the agenda — and so is a huge increase in the debt. Donald Trump campaigned heartily on a spending splurge and nothing he’s said since his shocking election suggests he will reverse course. | Getty POLITICO - A serious case of fiscal amnesia may soon be sweeping the GOP. For eight years, Republicans hammered President Barack Obama for exploding the national debt. But now a GOP-led spending spree is coming, with Donald Trump riding to the White House on trillion-dollar promises and a Republican Congress that looks likely to do his bidding. It’s a potential echo of the last time Republicans ran Washington, w...

by: Les Carpenter Rational Nation USA Liberty -vs- Tyranny Oops, Speaker John Boehner (R-Ohio) selectively quoted President Abraham Lincoln when speaking of the imposing national debt. Lincoln, back in the days of a significantly more limited government, a much smaller economy, and a smaller population it seems had to deal with fiscal realities similar to those are facing today. Albeit certainly not on such a grand scale. Although it is done all the time, selective quoting that is, the liberal biased media, in this case the Huffington Post, was quick to point out that Lincoln at the time also called for a tax increase or tariff (revenue enhancement) to balance the books and set the fiscal ship right. The Huffington Post - House Speaker John Boehner (R-Ohio) quotes Abraham Lincoln in a memo released Thursday as warning of debt, but ignores the former president's call for a tax or tariff. The messaging to House Republicans quotes Lincoln expressing concern over debt : ...

by: Les Carpenter Rational Nation USA Liberty -vs- Tyranny The political games continue. Or should we say the political inability to talk across the table with sincerity and a willingness to find workable solutions continues? This nation, sooner or later will need to come to terms with its very real, and largest problem, fiscal instability and perhaps eventual insolvency. The reality is spending cuts are needed, both defense and domestic, the antiquated tax code needs to be overhauled and simplified, tax loopholes need to be closed, and yes, some degree of revenue increases needs to be implemented. If the nation is truly serious about debt reduction and achieving a balance budget it is only going to happen through spending cuts, revenue increases, tax reform, and regulatory overhaul. The nation's lawmakers can continue acting as they have, which of course will only lead us further down the road to national fiscal destruction, or, they can take the alternative approach. Th...