47 Percent Pay No Taxes? Actually, No.
In a recent article here about the VAT (Value-Added Tax) being floated as another way to raise taxes, the author stated that a VAT “would force the 50 percent...
About: Bob Adelmann
Posts by Bob Adelmann
Will America Get a Value Added Tax (VAT)?
Former Federal Reserve Chairman Paul Volcker sent up a trial balloon at the New York Historical Society April 6 when he said that a Value-Added Tax (VAT) needed to...
Strategic Defaults: Morality vs. Reality
According to RealtyTrac, nearly 3 million foreclosures were filed in 2009. And with almost 10 percent of all mortgages now delinquent nationally, those homeowners are faced with a painful...
Fed Ends MBS Intervention
The Federal Reserve ended its largest intervention in the housing market on April 1, ceasing its purchase of Mortgage-Backed Securities (MBS) that began in September of 2008 in order...
Can ObamaCare Be Repealed, Nullified?
U.S. Representative Michele Bachmann (R-Minn.), who has earned a "Freedom Index" rating of 90 percent in the current Congress to date, has introduced a bill in the House to...
Citigroup Bailout Retrospective
In the announcement that the U.S.Treasury was likely to make a profit selling its stock in Citigroup, much was made about the great returns that sale would generate, and...
Recess Appointments and the Constitution
“Side-stepping Senate confirmation,” declared the New York Times. “This is going to make problems worse,” exclaimed Lindsey Graham (R-S.C.). “What this is going to do is cause the election...
Housing: Washington Only Delaying Inevitable
Friday’s announcement of more intervention in the housing mortgage market will result in a deeper, longer, and more painful delay in the inevitable decline in housing prices that are...
ObamaCare: The Final Nail, or the Last Straw?
In responding to House Speaker Nancy Pelosi’s (D-Calif.) incredulous “Are you serious?” about the constitutionality of Obamacare, many have written persuasively that the healthcare law is in fact unconstitutional....
Sestak Coverup
The main reason Rep. Darrell Issa (R-Calif.), the top Republican on the House Oversight Committee, is pressing the issue over Rep. Joe Sestak (D-Pa.) is owing to the reticence...
Reports of ACORN’s Death Greatly Exaggerated
Following the announcement on Sunday that the ACORN Association Board had “approved a set of steps to responsibly manage the process of bringing its operations to a close over...
Healthcare Legislation Process as Distasteful as Sausage Making
Back in the good old days, once upon a time, moving a bill into law was clear, transparent, and usually based upon the Constitution. Nearly 2½ million viewers have...
Another Obama, Clinton Fundraiser Going to Jail
It surprised few close observers of the current political scene to learn that another Democratic fundraiser, Hassan Nemazee, admitted to fraud in raising money for Hillary Clinton and Barack...
Greenspan’s Implausible Denial
In his 48-page paper presented on March 19 to the Brookings Institution, former Federal Reserve Chairman Alan Greenspan now blames the collapse of the Soviet Union and the resurgence...
Free Markets, Deregulation, and Blame
Free markets, in the full sense of the phrase, exist only in the minds and imaginations of free-market economists from the Austrian School, such as Ludwig von Mises and...