The government now relies far more on fewer and wealthier taxpayers. No wonder revenues are lower. The two policies that national Democrats blame for massively unbalanced federal budgets—the Bush tax cuts and the wars in Iraq and Afghanistan—have been largely repealed. Yet deficits are projected to average $700 billion a...
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WSJ: Obama and the Sequester Scare
Governing isn’t about blaming someone else. It is about choosing. By PHIL GRAMM as appeared in Wall Street Journal on February 27, 2013 on page A13 in the U.S. edition of The Wall Street Journal President Obama’s message could not be clearer: Life as we know it in America will change...
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Cavuto: Gramm: Most Disappointing Recovery in Post-War America
February 12, 2013 Former Sen. Phil Gramm, (R-Texas), on the President’s spending and energy policies. Watch the video ...
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WSJ: The Multiple Distortions of Wind Subsidies
Producers get so much from the government that they can pay utilities to take their power and still make a profit. By PHIL GRAMM as appeared in Wall Street Journal on December 25, 2012 Federal subsidies for new wind-power generation will end on Dec. 31 unless they are renewed by...
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WSJ: Can Government Benefits Turn an Election?
This election will test the relative power of private-sector aspirations versus public-sector dependence. By Phil Gramm and Mike Solon as appeared in Wall Street Journal on October 18, 2012 Since World War II, the five incumbent presidents who were re-elected enjoyed an economy where the unemployment rate averaged 5.4% in...
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