] Dick Morris: Triangulating the fiscal cliff

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December 2, 2014

Jonathan Tobin: Defending the Right to a Jewish State

Heather Hale: Compliment your kids without giving them big heads

Megan Shauri: 10 ways you are ruining your own happiness

Carolyn Bigda: 8 Best Dividend Stocks for 2015

Kiplinger's Personal Finance editors: 7 Things You Didn't Know About Paying Off Student Loans

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Densie Well, Ph.D., R.D. Open your eyes to yellow vegetables

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April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

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The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

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Cameron Huddleston: Best and Worst Buys of April 2014

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The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

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Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review December 12, 2012/ 28 Kislev 5773

Triangulating the fiscal cliff

By Dick Morris




http://www.JewishWorldReview.com | Obama's popularity and his party's political fortunes might not survive the fruits of his recent victory. If he cows the Republicans into giving him a tax increase on the upper brackets, he will lose the fig leaf he uses to disguise his true intentions. Until now, taxing the rich has been his answer to everything.

Is spending too high? Tax the rich.

Is the debt out of control? Tax the rich.

Is the economy not rebounding? Tax the rich.

Is the deficit out of sight? Tax the rich.

But once he does tax the rich more, he is out of answers. Then his big spending, deficits and borrowing are exposed for all to see.

Triangulation involves stripping away the fig leaf your political opponents use to disguise their true intentions. In 1995-6, the Gingrich Republicans wanted to cut Medicare but couldn't say so. Instead they said they wanted to balance the budget. But once Clinton proposed a way to achieve balance without cutting Medicare, they had no place to hide and their agenda was exposed.

Obama wants to increase spending, increase borrowing and raise taxes on the middle class and the rich. But he hides behind the rhetoric of taxing the rich. Once he gets his way, he can hide no more.

The full scope of Obama's financial goals is gradually becoming apparent, and it is truly terrifying. His request for $1.6 trillion of new taxes goes far beyond the simple increase of tax rates on upper-income taxpayers. It presages a far broader tax increase hitting far more deeply into the middle class than he has thus far admitted.

And now he proposes eliminating the need for congressional authorization to raise the debt limit. Consider what that means. Normally, one's ability to borrow is constrained by another's willingness to lend and the interest rate the lender would want to charge. But this check and balance does not operate on the federal government because it is the global currency and can just print as much money as it wants. The Treasury is "buying" worthless mortgage-backed securities with newly minted money — backed by nothing but our government's say-so — and then borrows it back at 3.5 percent interest. There are no lenders. The government/borrower is the lender. And because the money is newly and artificially created, there is no way the market can set interest rates.

Add to the proposals for vastly more taxation and no debt limit the president's refusal to rein in spending and, indeed, his desire to increase spending to, yet again, attempt an economic stimulus.

And here's what you have: a government that can spend money without limit, financing the spending by taxing job creators more and printing money it then borrows. The government, of course, uses the extra spending to spread the reach of entitlements to create a larger dependent population on whose votes it can count. Job creation falls. More people leave the labor force (500,000 last month alone) and enter the entitlement society.

All this leads to a Greek-like deficit and a debased currency with a strong risk of inflation once the recession lifts.

But there is a political fallacy in his program: Taxing job creators has a direct economic impact. His success in raising taxes will bring about his failure in promoting economic recovery. As economic numbers worsen — driven by the global recession and the Obama tax increases — the fallacies in his economics will become apparent for all to see.

Victory could prove the undoing of the Democratic Party. If Obama has his way and runs America into the ground through spending, borrowing and taxing, the resulting economic disaster will convert all those demographic Democrats into new Republicans. They will see, firsthand and vividly, the results of Obama's economic policies and they will recoil in horror.

It didn't happen in 2012 because things had not gotten bad enough. Now they will, and the political consequences will be severe for this president and his party.

Dick Morris Archives


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© 2012, Dick Morris

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