Raymond Richman - Jesse Richman - Howard Richman
Richmans' Trade and Taxes Blog
Fiscal Cliff: Negotiation Failure Could be the Best Option - we're published in today's American Thinker
Howard Richman, 12/8/2012
We begin:
It should come as no surprise that the "fiscal cliff" negotiations are taking place under utterly bogus premises. Instead of significantly cutting $502 billion from the $1,327 billion per year 2012 budget deficit as would take place automatically if the negotiations fail, both parties in the fiscal cliff negotiations are planning to keep the budget deficits at well over $1 trillion per year. The U.S. debt-to-GDP ratio would continue to explode.
According to the Washington Post, the Republican proposal made on December 3 would only seek $220 billion per year in deficit reduction ($2.2 trillion over 10 years):...
Follow the following link to read the rest:
Archive
Feb 2021
Jan 2021
Dec 2020
Nov 2020
Oct 2020
Jul 2020
Jun 2020
May 2020
Apr 2020
Mar 2020
Dec 2019
Nov 2019
Oct 2019
Sep 2019
Aug 2019
Jun 2019
May 2019
Apr 2019
Mar 2019
Feb 2019
Jan 2019
Dec 2018
Nov 2018
Aug 2018
Jul 2018
Jun 2018
May 2018
Apr 2018
Mar 2018
Feb 2018
Dec 2017
Nov 2017
Oct 2017
Sep 2017
Aug 2017
Jul 2017
Jun 2017
May 2017
Apr 2017
Mar 2017
Feb 2017
Jan 2017
Dec 2016
Nov 2016
Oct 2016
Sep 2016
Aug 2016
Jul 2016
Jun 2016
May 2016
Apr 2016
Mar 2016
Feb 2016
Jan 2016
Dec 2015
Nov 2015
Oct 2015
Sep 2015
Aug 2015
Jul 2015
Jun 2015
May 2015
Apr 2015
Mar 2015
Feb 2015
Jan 2015
Dec 2014
Nov 2014
Oct 2014
Sep 2014
Aug 2014
Jul 2014
Jun 2014
May 2014
Apr 2014
Mar 2014
Feb 2014
Jan 2014
Dec 2013
Nov 2013
Oct 2013
Sep 2013
Aug 2013
Jul 2013
Jun 2013
May 2013
Apr 2013
Mar 2013
Feb 2013
Jan 2013
Dec 2012
- The Reverse-Santa-Claus Negotiations Continue
- It Is "Across-the-Board" and a Tax Increase; It Is NOT "Over-the-Cliff"
- Again! Misleading Data From the Department of Labor
- Obama Wants to Continue the Discredited Keynesian Policies of the Past
- Obama asking for more balanced trade with China
- The Obama administration may be fudging the climate records
- Profiles of Courage on the Fiscal Cliff
- A Genuine Tax Reform: Increased Use of the Estate Tax and Integration of the Corporate And Personal Income Tax
- Will this be Boehner's "Peace in Our Time" Moment?
- US Trade Deficit with China Hits Another Record
- Sarah Palin: "We’ve Already Gone Over the Fiscal Cliff, Now It’s About How Hard We Hit Bottom"
- Fiscal Cliff: Negotiation Failure Could be the Best Option - we're published in today's American Thinker
- Rise in Initial Unemployment Claims Shows Lack of Economic Recovery
- The Real Fiscal Cliff
- Approaching the Fiscal Cliff Intelligently
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
Categories:
Book Reviews
Capital Gains Taxation
Corporate Income Tax
Consumption Taxes
Economy - Long Term
- Testing Hydroxychloroquine as a Prophylactic -- I'm published in this morning's American Thinker
- State restrictions on the use of HCQ
- Fauci now is part of the problem, not part of the solution - I'm published in April 8 American thinker blog
- The solution to COVID-19 is in Sight! - we're published in today's American Thinker
- Trade Deficits Are Taxes on American Workers Levied by Foreign Countries
- Trade Agreements Are "Entangling Alliances" That Are Difficult to Exit Once They Are Approved.
- Trump's 3.2% economic growth puts Bush and Obama to shame - we're published in the American Thinker Blog this morning
- There Is Less Inequality Now Than Ever Before in History
- There Is Less Inequality Now Than Ever Before in History
- Unpaid Family Leave - A Bad Idea Whose Time Has Come
- National Capitalism, Rather than Mixed Economy or Socialism, Best Describes Economic System
- No Danger From Man-Made-Global Warming
- No Danger From Man-Made-Global Warming
- Easy to Get Entangled in an Alliance, Hard to Secede
- EU commissioner to White House today: $5.1 B Google fine on agenda -- we're published in American Thinker today
- The Laws of Diminishing Returns and Increasing Cost Apply to Government Expenditures
- Did Trump Cause the Improved GDP Growth -- Ray and I were published in the American Thinker this morning
- What Income Tax Reforms Are Needed?
- Suggested Reforms of the Personal Income Tax
- Pres. Trump Makes His Worst Deal Ever, the Pivot Toward China and Away From Russia
- Against the High Tech Luddites
- Socialism Causes Slow Growth and Is Prone to Violence
- The Corporate IncomeTax Is the Worst Tax Ever Invented
- Trump's First Priority Should Be to Balance Trade
- It's Morning in America 2.0 -- Peter Navarro in SF Chronicle
- Trump is Correct: GDP Growth Lowest since 1929-1939 - my blog entry in American Thinker this morning
- The Case for Free and Balanced Trade
- The Case Against Free Trade
- Trump Gets It Right: Trade Was a Loser For All Except the Most Wealthy Americans
- Time for Balanced Trade Not Free Trade
- Why US Multinationals Oppose Trump and Favor Clinton
- Inequalities of Wealth and Income Are Poorly Measured and Grossly Overstated
- Global Trade down 9% since 2014
- The Law of Diminishing Returns; How we Escaped Its Consequences
- Trade Agreements Have Been an Economic Disaster for the USA
- A Summary of Modern Economic History
- An Economic Program for Stimulating Economic Growth -- we were published in the AmericanThinker this morning.
- Worldwide trade peaked in 2007
- "Free trade" Is Not supported By Economic Treory. Balanced Trade Is.
- Fed Official Says Fed's Quantitative Easing Policy Failed to Achieve Any of Its Recovery Objectives
- Globalization Has Been a Disaster for U.S. Manufacturing and U.S. Workers
- Gloabalization Has Been a Disaster for the U.S., Especially American Manufacturing Workers
- Economics Does Not Favor Free Trade; It Favors Balanced Trade.
- The Trade Agreements Negotiated by the U.S. Have Been a Disaster for U.S. Workers. and the U.S. Economy
- U.S. Trade Agreements Have Been an Economic Disaster for American Workers
- Globalization and Free trade Agreements Set the U.S. on the Road .to Decline
- What Is the Appropriate Tax Treatment of Capital Gains?
- What are the prospects of the US economy short-term and long-term?
- The Short-run and the Long-run in Economics and Politics
- Let's End Means-Tested Benefits -- we were published in American Thinker yesterday
- Billionaires Aren’t Dangerous; Those Who Would Prevent the Innovation that Creates Most Billionaires Are Dangerous
- Chinese stock market tumbling...
- The Russian economy will come roaring back
- Mike Lee gets it -- Watch his "Animal Farm" speech about the Cromnibus bill
- How the Minimum Wage Contributed to the Ferguson Riots
- Government Interference in the Economy Has Been an Unmitigated Disaster
- Who Is a Racist? A Conversation with Prof. Jack Anderson
- Government Is Responsible for the Sluggish Economy; What to Do About It
- Burger King Inversion Has No Effect on U.S. Revenues, But the Corporate Income Tax Should Be Abolished Regardless
- The End of the Chinese NEP
- What the U.S. Needs to Do to Grow the Economy
- The Outlook for the U.S. Economy is Continued Slow Recovery
- Republican Tax Policies Lack Economic and Political Sense
- Hold Mexico Responsible for the Invasion of Illegal Immigrants from Central America
- The Minimum Wage Should Not Apply to Teenagers or the Unskilled
- Minimum Wage Is a Barrier to Employment of Teenagers, Blacks, and Hispanics
- The Current Minimum Wage May Cost Teenagers and Blacks More than $29 Billion!
- What Produces Inequality of Income and Wealth? What Should Be Done About It?
- The Failure of Obama's, Prof.. Summers', and Prof. Bernanke's Keynesian Policies
- Why Economists Failed to Promote Recovery from the Great Recession 2008-2014
- A Mixed Socialist-Capitalist Economic System Does Not Work, Either
- Democrats Condemn Blacks to Live in Urban Ghettos
- End the Corporate Income Tax; Integrate the Corporate and Personal Income Taxes
- Hospital layoffs continuing
- How to Reduce Inequality of Income and Wealth
- The economic case against Obamacare -- Ray was published in Saturday's Pittsburgh Tribune-Review
- Stop the Growth of Government Which Leads to Socialism Which Leads to Fascism
- Why Holder Didn't Prosecute Jon Corzine
- Why Holder Didn't Loot Goldman Sachs
- The JPMorgan Shakedown Slush Fund
- Holder shakes down JPMorgan
- Make the Shutdown of Undesirable Federal Departments and Agencies Permanent
- Trade deficits and stagnation
- Eliminate the Minimum Wage; Substitute a Revised Earned Income Tax Credit
- How the Corporate Income Tax Creates Billionaires and Punishes the Middle Class
- Real Tax Reform; Tax Corporations As Partnerships
- The Growth of State-Dominated Capitalism in the USA
- Blacks Do Poorly Under Obama's Stimulus Policies
- Making the Income Tax More Progressive Will Have Little Effect on the Distribution of Income and will Stifle Economic Growth
- II. Abolish the IRS As We Know It and Strengthen the Federal System
- A Better Way to Tax -- Ray was published in Saturday's Tribune Review
- Abolish the IRS As We Know It and Restore the Power of the States
- The Gods of the Copybook Headings are in Cyprus - We're published in today's American Thinker
- The Gods of the Copybook Headings are in Cyprus Now, and Coming Here Soon
- No Recovery From the Great Recession Is in Sight
- Pres. Obama Policies Are Leading to the Loss of More American Jobs
- More Than a Million Workers Lost Their Jobs Since Obama's Re-Election. Recession Is in Prospect
- Treat Corporations as Partnerships for Personal Income Taxation
- December 31, 2012, is a date that will live in economic infamy
- The Reverse-Santa-Claus Negotiations Continue
- A Genuine Tax Reform: Increased Use of the Estate Tax and Integration of the Corporate And Personal Income Tax
- Will this be Boehner's "Peace in Our Time" Moment?
- Sarah Palin: "We’ve Already Gone Over the Fiscal Cliff, Now It’s About How Hard We Hit Bottom"
- Fiscal Cliff: Negotiation Failure Could be the Best Option - we're published in today's American Thinker
- $260 billion in deficit cuts is not enough
- Mark Faber predicts economic future if House Republicans kick fiscal cliff down road
- The Fiscal Cliff is a Good Thing -- we're published in today's American Thinker
- Obama's Freudian Slip: He Wants to Export Jobs -- we're published in today's American Thinker
- The Debate
- The New Jobs and Trade Numbers are Related
- The U.S. Housing Bubble Wasn't Special
- The USA Must Follow Spain's Lead in Ending Wind and Solar Subsidies
- Does China Have a "New Economic Policy" for Dealing With Foreign-Owned Enterprises
- How Keynes would save the euro
- The Undiscussed Measures That Would Result in an Economic Boom
- Saving Greece, Spain, Portugal, Italy, France, and the U.S. From Bankruptcy
- U.S. Trade Deficit With China Grows While China’s Trade Surplus With World Diminishes – Is This Part of China’s World Strategy?
- Housing, Trade Deficits, and Global Warming Foolishness Caused the Recession: BalanceTrade and the Budget for Recovery
- Santorum's Federal Reserve position shows economic common sense
- The Economist Declares the US Economy Is Being Suffocated By Over-regulation
- The Revealing Moon Debate -- We're published in today's American Thinker
- Republican candidates revealed how they think during the moon debate
- Obama's SOTU: Still No Manufacturing Jobs -- we're published in today's American Thinker
- Long Term Predictions: CNG, manufacturing and house prices -- Listen to Howard on The American Entrepreneur with Ron Morris
- Real house prices will probably keep falling
- Romney's Theory about Why Companies and Countries Decline - We're published in today's American Thinker
- Romney’s Theory about Why Companies and Countries Decline
- Required Reading, Michael Lind's "The Cost of Free Trade"
- Balanced Trade Monetarism
- Two Great Economists Offer Solution to Restore U.S. Economic Growth
- An Economist's Look at Mythical Man-Made Global Warming(AGW)
- Obama's Jobs Act Wouldn't Work. Here's What Would -- We were published in today's American Thinker
- The Current Depression Is Caused By Fanatical Belief in Man-Made-Global-Warming
- Here Is a Real Jobs Plan in Contrast to Pres. Obama's No-Jobs Plan
- A return to manufacturing?
- How Economic Recovery Is Being Sabotaged By Bad Economic Policies
- Economic Stagnation: Have We Run Out of New Products? No, But We Are Outsourcing Their Production
- Morici: Obama's proposal for taxing U.S. oil companies would reduce U.S. economic growth
- How to Cut Government Expenditures and Create Millions of Jobs Doing It
- Government Leaders and Their Economic Advisers Have No Idea How to Create Jobs
- How to Restore America's Manufacturing Innovation -- we're published in this morning's American Thinker
- How to Encourage Manufacturing Innovation
- Keynesian Economists Offer No Solution to the Deepening Recession
- A Program for a Strong America? Not from these parties
- Our War On Drugs Has Cost Us the War in Afghanistan
- 9.1% unemployment shows that Obama's recovery & QE2 have failed
- My predictions from 2009 are coming true
- Prof. Krugman Gives Congress Bad Advice on How to Reduce Unemployment
- The Benefits Are Nil and the Costs Are Astronomical, the Environmental Leadership Is Trying To Bankrupt the U.S.
- Fiscal Timidity
- Ask Not for Whom the Trade Deficit Tolls. It Tolls for the American Worker and America’s Future.
- Why weaker dollar won't help exports very much
- House Republican Budget would Benefit the Poor -- We're published in today's American Thinker!
- Has the dollar started to collapse?
- "Green" Energy Is an Economic Disaster in the Making
- How to achieve Economic Recovery and Full Employment --Balance the Budget and Balance Trade
- American People the Big Losers in the Budget Deal
- Retired Gulf VP Charles Campbell nails US economic problems and their solution
- Richard Duncan names the current depression the "New Depression"
- How to Avoid the Coming Dollar Collapse
- 71% of Americans oppose raising the debt ceiling
- The Irresponsible Tax Compromise
- UN bureaucracy being expanded by Cancun Climate Conference
- Mort Zuckerman: Western decline caused by trade & budget deficits
- Roger Altman may replace Lawrence Summers
- Program for economic recovery and 2012 victory -- we're published in today's American Thinker
- Bernanke on China
- QE2 could becomeTitanic2
- Message from the People of Kentucky: America's Problem is Debt
- Caterpillar's New Chinese Factory ignites Voter Rage
- Why Summers Resigned
- Obama Did Create 3 Million Jobs -- In China (we're published in this morning's American Thinker)
- Paul Craig Roberts: Balance Trade and Budgets Now or Dollar Crash Soon
- Cato Institute's Richard W. Rahn only sees 2 alternatives for reviving economy
- Pres. Obama's $787 Billion Recovery Act Has Produced Few Sustainable Jobs
- Prof. Blinder Believes He and Obama are Keynesians But Keynes Would Disown Them
- Real Policies for a Sustained Economic Recovery
- Outsourcing Production Is Committing National Suicide, Says Andy Grove, Former Intel CEO
- The First Step for a Sustainable Economic Recovery -- Balanced Trade
- Why is the Fed no longer effective?
- Senate only passes a quarter of Obama's $266 billion stimulus
- World needs US taxpayer bailout - but Atlas is about to Shrug
- Are Data Problems Undermining U.S. Policymaking?
- The Greek Crisis Reveals the Fatal Weakness of the Euro and the Gold Standard
- Tom Goergen foresees the coming financial crisis
- Deficit Commission should address both deficits
- Why Financial Reform Now? Why Not a Bill That Creates Jobs?
- Congress Caused This Depression. Not Wall Street. Not the Banks
- Revaluing the Yuan Will Not Balance Our Trade with China; Tariffs Will.
- The Obama Administration's Agenda to Balance Trade
- Germany, Greece, the Euro, and the Gold Standard
- McCain's economic advisors cost him the Presidency and may cost him his Senate seat
- Ralph Gomory: Does America Need Manufacturing?
- Why There Has Been No Keynesian Multiplier
- Policies to Get the Economy Going
- Cost of treasury bailout of FNMA and Freddie MXC
- Obama raises stakes on his house price gamble
- Foreclosures.com: "House Prices Will Roar Back in 2009"
- Wall Street Journal's take on Bush economic mistakes
- Requiem to an Improvident Generation
Environmental Regulation
Last 100 Years
Politics
Real Estate Taxation
Trade
Miscellaneous
Outside Links:
Wikipedia:
Journal of Economic Literature:
Atlantic Economic Journal: