Here are the raw numbers from the non-partisan Congressional Budget Office, as reported by CNS News:
The Congressional Budget Office (CBO) is projecting that if changes in federal taxing-and-spending policies already enacted and set to take effect at the beginning of next year do in fact take place, the unemployment rate will climb to 9.1 percent.
[…]Widely referred to as the “fiscal cliff,” the expiration of the Bush tax cuts and over $1 trillion in automatic defense and discretionary cuts as a result of last year’s failed budget deal are set to take effect in January 2013.
[…]If no action is taken by Congress, current CBO projections show that unemployment will not return to pre-recession levels until 2017.
Under current law, federal health care spending is on pace to exceed all discretionary spending by 2016, according to the Congressional Budget Office (CBO).
The change is due to large increases in Medicare and Medicaid spending and added spending under the Affordable Care Act (Obamacare) over the next decade, a feat the Tax Foundation calls a “truly unprecedented and scary” scenario.
The nonpartisan tax research group analyzed recent CBO projections of the budget for 2012 to 2022, finding that over the next decade Medicare spending will increase from $550 billion to $1.064 trillion, while Medicaid would more than double from $253 billion to $592 billion.
In addition, new exchanges and subsidies under Obamacare will force mandatory healthcare expenditures to grow from $25 billion to $181 billion in 2022.
“In total, healthcare entitlement spending is due to more than double, from $828 billion this year to $1.837 trillion in 2022,” according to the Tax Foundation.
“This means healthcare spending will overtake all discretionary spending in 2016 – Obama’s last year in office if reelected,” the group said.
The amount of money the federal government takes out of the U.S. economy in taxes will increase by more than 30 percent between 2012 and 2014, according to the Budget and Economic Outlook published today by the CBO.
At the same time, according to CBO, the economy will remain sluggish, partly because of higher taxes.
“In particular, between 2012 and 2014, revenues in CBO’s baseline shoot up by more than 30 percent,” said CBO, “mostly because of the recent or scheduled expirations of tax provisions, such as those that lower income tax rates and limit the reach of the alternative minimum tax (AMT), and the imposition of new taxes, fees, and penalties that are scheduled to go into effect.”
The U.S. economy, CBO projects, will perform “below its potential” for another six years and unemployment will remain above 7 percent for another three.
Now you might expect that the Democrats would have some bold plan to tackle unemployment, spending and high taxes. And they do!
Bold policy ideas at the Democrat National Convention
Take a look at this video on bold, innovative tax policy from the DNC convention:
That will fix unemployment for sure.
And they want to augment that tax policy with some reasonable pro-growth regulations:
If you don’t think that this is a good plan to solve our economic problems, then Democrats will say that you’re a racist homophobic Islamophobic sexist bigot.
Why do people support the death penalty? Because research conducted by multiple teams of scholars at multiple universities have shown that capital punishment deters crime.
Excerpt:
“Science does really draw a conclusion. It did. There is no question about it,” said Naci Mocan, an economics professor at the University of Colorado at Denver. “The conclusion is there is a deterrent effect.”
A 2003 study he co-authored, and a 2006 study that re-examined the data, found that each execution results in five fewer homicides, and commuting a death sentence means five more homicides. “The results are robust, they don’t really go away,” he said. “I oppose the death penalty. But my results show that the death penalty (deters) — what am I going to do, hide them?”
Statistical studies like his are among a dozen papers since 2001 that capital punishment has deterrent effects. They all explore the same basic theory — if the cost of something (be it the purchase of an apple or the act of killing someone) becomes too high, people will change their behavior (forego apples or shy from murder).
And specifically:
• Each execution deters an average of 18 murders, according to a 2003 nationwide study by professors at Emory University. (Other studies have estimated the deterred murders per execution at three, five and 14).
• The Illinois moratorium on executions in 2000 led to 150 additional homicides over four years following, according to a 2006 study by professors at the University of Houston.
• Speeding up executions would strengthen the deterrent effect. For every 2.75 years cut from time spent on death row, one murder would be prevented, according to a 2004 study by an Emory University professor.
A Superior Court jury today sentenced Steven Hayes to death for the murders of Jennifer Hawke-Petit and her daughters, Hayley and Michaela, during a seven-hour home invasion, robbery and arson at their Cheshire home in July 2007.
Outside the courthouse after the verdicts, Hawke-Petit’s father, the Rev. Richard Hawke, said “There are some people who do not deserve to live in God’s world.”
Asked what he had in his heart, Dr. William Petit Jr. struggled with his answer. “….Probably many of you have kids,” he said, pausing to choke back tears. “Michaela was an 11-year-old little girl…tortured and killed in her own bedroom, surrounded by her stuffed animals….”
Petit then talked about his daughter Hayley’s bright future and her strength and the children that his wife, Jennifer, helped.
“So, I was really thinking of the tremendous loss” during the verdict, Petit said, adding that he was pleased with it, but “mostly I was sad for the loss we have all suffered.”
Asked if he thought there’d be closure now, Petit said, “There’s never closure. There’s a hole…. with jagged edges…that may smooth out with time, but the hole in your heart and the hole in your soul” remains.
“This isn’t about revenge,” Petit said. “Vengeance belongs to the Lord. This is about justice.”
[…]The jury sentenced Hayes to death on six counts: killing Hawke-Petit and Michaela and Hayley in the course of a single action; killing a child under the age of 16; killing Hawke-Petit in the course of a kidnapping; killing Hayley in the course of a kidnapping; killing Michaela in the course of a kidnapping; and killing Hawke-Petit in the course of a sexual assault.
[…]Hayes, 47, of Winsted, was convicted Oct. 5 of breaking into the Petit home, beating Petit, tying up and torturing the family as Hayes and another man ransacked the home for cash and valuables and tortured the family for seven hours. Testimony during Hayes’ trial showed that at one point in the break-in, Hayes forced Hawke-Petit to go to the bank to withdraw money. During that time, according to testimony, Komisarjevsky sexually assaulted Michaela Petit, 11.
When Hawke-Petit and Hayes returned from the bank, Hayes raped and strangled Hawke-Petit. The house was doused with gasoline and set on fire as the intruders fled, testimony showed. Hayley, 17, and Michaela died of smoke inhalation.
[…]Prosecutors used the words of Hayes’ younger brother Matthew to counter testimony that home-invasion crime was an aberration in Hayes otherwise troubled but basically nonviolent life.
Matthew Hayes portrayed his brother as a conniving, sadistic, violent thief who saw Matthew take countless beatings from his brutal father for Steven Hayes’ misdeeds. At one point, Steven Hayes held a gun to Matthew’s head, according to the statement, which was given to state police after the home invasion.
Examples of Hayes’ sadistic behavior toward his brother included hooking Matthew to the garage door by his belt and raising the door up and down, and holding Matthew’s hand to a red-hot burner. Matthew said his brother’s life of crime was not a result of bad parenting or poor childhood. He said Hayes never learned to take responsibility for his actions.
Sometimes, I think that we have stopped judging others because we do not want to be judged ourselves. We hope that by not judging anyone, that we will somehow escape being judged by anyone – especially by God himself. The opposition to punishing the guilty is, I think, really just a way of expressing our desire to do away with punishment entirely. We would rather have the freedom to sin with impunity than to protect the victims of sinfulness from harm. We want to escape responsibility for anything we do that harms others.
Dennis Prager has a neat expression from Rabbinical literature that describes the problem with people who are anti-death-penalty: “those who are kind to the cruel, will be cruel to the kind”.
I actually consider the death penalty to be an important test of whether a person is a Christian or not, because it shows what they think about the serious of moral crimes, and whether they accept what research says, and what the Bible says, instead of valuing peer approval more than justice. It tells you how seriously a person feels about their own sinfulness. Death penalty supporters don’t view sinners as victims – they view victims as victims, and they believe that evil people need to be punished. It’s hard for me to see how someone can claim to be a Christian and oppose justice.
Right now, 23 million men and women are struggling to find work. Twenty-three million people, unemployed or underemployed. Nearly one in six Americans is living in poverty. Millions of young Americans have graduated from college during the Obama presidency, ready to use their gifts and get moving in life. Half of them can’t find the work they studied for, or any work at all.
So here’s the question: Without a change in leadership, why would the next four years be any different from the last four years?
The first troubling sign came with the stimulus. It was President Obama’s first and best shot at fixing the economy, at a time when he got everything he wanted under one-party rule. It cost $831 billion – the largest one-time expenditure ever by our federal government.
It went to companies like Solyndra, with their gold-plated connections, subsidized jobs, and make-believe markets. The stimulus was a case of political patronage, corporate welfare, and cronyism at their worst. You, the working men and women of this country, were cut out of the deal.
What did the taxpayers get out of the Obama stimulus? More debt. That money wasn’t just spent and wasted – it was borrowed, spent, and wasted.
Maybe the greatest waste of all was time. Here we were, faced with a massive job crisis – so deep that if everyone out of work stood in single file, that unemployment line would stretch the length of the entire American continent. You would think that any president, whatever his party, would make job creation, and nothing else, his first order of economic business.
But this president didn’t do that. Instead, we got a long, divisive, all-or-nothing attempt to put the federal government in charge of health care.
Obamacare comes to more than two thousand pages of rules, mandates, taxes, fees, and fines that have no place in a free country.
The president has declared that the debate over government-controlled health care is over. That will come as news to the millions of Americans who will elect Mitt Romney so we can repeal Obamacare.
And the biggest, coldest power play of all in Obamacare came at the expense of the elderly.
You see, even with all the hidden taxes to pay for the health care takeover, even with new taxes on nearly a million small businesses, the planners in Washington still didn’t have enough money. They needed more. They needed hundreds of billions more. So, they just took it all away from Medicare. Seven hundred and sixteen billion dollars, funneled out of Medicare by President Obama. An obligation we have to our parents and grandparents is being sacrificed, all to pay for a new entitlement we didn’t even ask for. The greatest threat to Medicare is Obamacare, and we’re going to stop it.
And another on Obama’s spending and debt:
Obamacare, as much as anything else, explains why a presidency that began with such anticipation now comes to such a disappointing close.
It began with a financial crisis; it ends with a job crisis.
It began with a housing crisis they alone didn’t cause; it ends with a housing crisis they didn’t correct.
It began with a perfect Triple-A credit rating for the United States; it ends with a downgraded America.
It all started off with stirring speeches, Greek columns, the thrill of something new. Now all that’s left is a presidency adrift, surviving on slogans that already seem tired, grasping at a moment that has already passed, like a ship trying to sail on yesterday’s wind.
President Obama was asked not long ago to reflect on any mistakes he might have made. He said, well, “I haven’t communicated enough.” He said his job is to “tell a story to the American people” – as if that’s the whole problem here? He needs to talk more, and weneed to be better listeners?
Ladies and gentlemen, these past four years we have suffered no shortage of words in the White House. What’s missing is leadership in the White House. And the story that Barack Obama does tell, forever shifting blame to the last administration, is getting old. The man assumed office almost four years ago – isn’t it about time he assumed responsibility?
In this generation, a defining responsibility of government is to steer our nation clear of a debt crisis while there is still time. Back in 2008, candidate Obama called a $10 trillion national debt “unpatriotic” – serious talk from what looked to be a serious reformer.
Yet by his own decisions, President Obama has added more debt than any other president before him, and more than all the troubled governments of Europe combined. One president, one term, $5 trillion in new debt.
He created a bipartisan debt commission. They came back with an urgent report. He thanked them, sent them on their way, and then did exactly nothing.
Republicans stepped up with good-faith reforms and solutions equal to the problems. How did the president respond? By doing nothing – nothing except to dodge and demagogue the issue.
So here we are, $16 trillion in debt and still he does nothing. In Europe, massive debts have put entire governments at risk of collapse, and still he does nothing. And all we have heard from this president and his team are attacks on anyone who dares to point out the obvious.
They have no answer to this simple reality: We need to stop spending money we don’t have.
And one more on Obama’s assault on job creators:
After four years of government trying to divide up the wealth, we will get America creating wealth again. With tax fairness and regulatory reform, we’ll put government back on the side of the men and women who create jobs, and the men and women who need jobs.
My Mom started a small business, and I’ve seen what it takes. Mom was 50 when my Dad died. She got on a bus every weekday for years, and rode 40 miles each morning to Madison. She earned a new degree and learned new skills to start her small business. It wasn’t just a new livelihood. It was a new life. And it transformed my Mom from a widow in grief to a small businesswoman whose happiness wasn’t just in the past. Her work gave her hope. It made our family proud. And to this day, my Mom is my role model.
Behind every small business, there’s a story worth knowing. All the corner shops in our towns and cities, the restaurants, cleaners, gyms, hair salons, hardware stores – these didn’t come out of nowhere. A lot of heart goes into each one. And if small businesspeople say they made it on their own, all they are saying is that nobody else worked seven days a week in their place. Nobody showed up in their place to open the door at five in the morning. Nobody did their thinking, and worrying, and sweating for them. After all that work, and in a bad economy, it sure doesn’t help to hear from their president that government gets the credit. What they deserve to hear is the truth: Yes, you did build that.
We have a plan for a stronger middle class, with the goal of generating 12 million new jobs over the next four years.
In a clean break from the Obama years, and frankly from the years before this president, we will keep federal spending at 20 percent of GDP, or less. That is enough. The choice is whether to put hard limits on economic growth, or hard limits on the size of government, and we choose to limit government.
And one more on liberty and personal responsibility:
College graduates should not have to live out their 20s in their childhood bedrooms, staring up at fading Obama posters and wondering when they can move out and get going with life. Everyone who feels stuck in the Obama economy is right to focus on the here and now. And I hope you understand this too, if you’re feeling left out or passed by: You have not failed, your leaders have failed you.
None of us have to settle for the best this administration offers – a dull, adventureless journey from one entitlement to the next, a government-planned life, a country where everything is free but us.
Listen to the way we’re spoken to already, as if everyone is stuck in some class or station in life, victims of circumstances beyond our control, with government there to help us cope with our fate.
It’s the exact opposite of everything I learned growing up in Wisconsin, or at college in Ohio. When I was waiting tables, washing dishes, or mowing lawns for money, I never thought of myself as stuck in some station in life. I was on my own path, my own journey, an American journey where I could think for myself, decide for myself, define happiness for myself. That’s what we do in this country. That’s the American Dream. That’s freedom, and I’ll take it any day over the supervision and sanctimony of the central planners.
This was the speech of the convention, which is why I am blogging on it. Don’t miss it.
WINTERY KNIGHT 