Now that’s a fiscal cliff.
A real doomsday scenario. “Two senior Senators criticized the Obama administration late Thursday for failing to present Iran with a credible U.S. military threat as Tehran inches toward a nuclear weapon. ‘We have to make sure our threat of military action … is credible to them [and] I’m still not sure it is,’ said retiring Sen. Joe Lieberman (I., Conn.) during a discussion organized by the Foundation for Defense of Democracies. ‘They have to believe the U.S. will use our immense power to disable their nuclear program if they don’t on their own,’ Lieberman said.”
Missing the civilizational struggle. “Islamology 101; We ignore Islamist ideology at our own peril.” Read the whole thing.
A body blow for conservatives who believe in a Reaganesque foreign policy. “[Sen. Jim} DeMint has also expressed some sympathies with Congressman [Ron] Paul’s libertarian foreign policy ideas. . . .This is a major departure from Heritage’s tradition position on foreign policy, which has been decidedly more hawkish, even insisting that defense spending never fall below 4% of GDP.”
Death march or “slow walk”? “Democrats did not do much on Wednesday, adopting a deliberate strategy to slow-walk Republicans to the edge of the fiscal cliff in a belief that mounting pressure from within the GOP will force conservatives to fold on tax hikes.Their aim is to string out the negotiations to give Republicans space to wrap their heads around the idea of raising tax rates on the rich. So far, each passing day seems to add another GOP voice to the chorus coming around on tax hikes.” To be fair, it is hard to tell when the Senate is stalling or operating at full speed.
President Obama swings and misses in the class warfare siege. “A close look at the president’s plan shows that a large majority of families making up to $300,000 – as well as hundreds of thousands of families with even larger incomes – would not pay taxes at a higher marginal rate. Because the complexity of the tax code makes it difficult to draw clean lines, they are the beneficiaries of choices the administration has made to ensure that families earning less than $250,000 do not pay higher rates.” Unless you reform the tax code the rich will find ways to minimize their taxes.
Fiscal debacle or small potatoes? “President Obama spent more than $1.45 million on his first two official state dinners, according to White House financial documents obtained by The Washington Examiner. The White House Executive Residence sent two invoices to the State Department’s Office of Protocol, seeking reimbursement for the White House dinners honoring visiting Indian and Mexican heads of state.” The outrage!