Latest Publications

WSJ: Reganism, New Jersey Style

There is a fantastic article in today’s Wall Street Journal about New Jersey Governor Chris Christie. The whole thing is a must read, but here are some highlights:

However quaint that may sound, when you have to cut nearly $11 billion in state spending to get there, you are going to get a lot of yelling and screaming. Most comes from the New Jersey Education Association, hollering that “the children” will be hurt by Mr. Christie’s proposals for teachers to accept a one-year wage freeze and begin contributing something toward their health plans. What makes the battle interesting is the way Mr. Christie is throwing the old chestnuts back at his critics.

Here are a few examples, culled from his budget address, public meetings and radio appearances:

The children will be the ones to suffer from your education cuts. “The real question is, who’s for the kids, and who’s for their raises? This isn’t about the kids. Let’s dispense with that portion of the argument. Don’t let them tell you that ever again while they are reaching into your pockets.”

Your policies favor the rich. “We have the worst unemployment in the region and the highest taxes in America, and that’s no coincidence.”

Why not renew the ‘millionaire’s tax’? “The top 1% of taxpayers in New Jersey pay 40% of the income tax. In addition, we’ve got a situation where that tax applies to small businesses. I’m simply not going to put my foot on the back of the neck of small business while I want them to try to grow jobs by giving more revenue to New Jersey.”

Budget cuts are unfair. “The special interests have already begun to scream their favorite word—which, coincidentally, is my 9-year-old son’s favorite word when we are making him do something he knows is right but does not want to do—’unfair.’ . . . One state retiree, 49 years old, paid, over the course of his entire career, a total of $124,000 towards his retirement pension and health benefits. What will we pay him? $3.3 million in pension payments over his life, and nearly $500,000 for health care benefits—a total of $3.8 million on a $120,000 investment. Is that fair?”

State budget cuts only shift the pain to our towns. “[L]et’s remember this, in 2009 the private sector in New Jersey lost 121,000 jobs. In 2009, municipalities and school boards added 11,300 jobs. Now that’s just outrageous. And they’re going to have to start to lay some people off, not continue to hire at the pace they hired in 2009 in the middle of a recession.”

Isn’t your talk of ‘stopping the tax madness’ just another ‘Read My Lips’ promise? “[Mine is] much better than ‘Read my lips.’ I’m sorry, it’s just much better. Much stronger. . . . It’s gonna be how my governorship will rise or fall. I’m not signing a tax increase.”

UPDATE: Christie was on Fox today, and he was simply amazing.

Share and Enjoy:
  • email
  • Facebook
  • Twitter
  • Digg
  • Yahoo! Buzz
  • StumbleUpon
  • Print

MUST READ: Continetti on Obamacare’s Consequence

A must read article from Matthew Continetti at the Weekly Standard:

The liberal line is that President Obama has secured his place in history by signing into law the Patient Protection and Affordable Care Act of 2010. And secured it he has. Henceforth Obama will be remembered as the man who accelerated America’s mad dash toward bankruptcy. He will be remembered as the leader who promoted a culture of dependency. He will be remembered as the figure who sacrificed a dream of national unity upon the altar of big government liberalism. It’s true: Obama is now a president of consequence. And almost all of those consequences are bad.

The fiscal picture was bleak before Obama made it worse. Government debt is 60 percent of the gross domestic product and climbing. The deficit is projected to remain above 4 percent of GDP for the next decade. The week before the president signed his health care reform into law, Moody’s warned that America’s AAA bond rating may be downgraded. The day before the signing ceremony, the nation learned that Warren Buffett is a safer investment than U.S. treasuries. One needn’t look across the Atlantic, where a penniless Greece is a supplicant to the IMF, to see our future. Look to California, where the economy is crippled by high taxes, high spending, and burdensome debt.

President Obama is an intelligent man. He knew there was no way a massive entitlement could get through Congress when spending, deficit, and debt are major issues. So he claimed that health care reform would help ameliorate America’s fiscal problem, not exacerbate it. And for support he had the Congressional Budget Office (CBO), which found that, under a certain set of conditions—spending cuts, Medicare cuts, new taxes—health care reform would not only pay for itself but would reduce the deficit.

But what happens under real world conditions? What happens when the Medicare cuts and the excise tax disappear and the subsidies are more generous than expected? When Representative Paul Ryan of Wisconsin asked the CBO these questions, he was told the deficit would increase by a considerable margin. Which outcome is more likely: a Congress that cuts services, imposes taxes on favored constituencies, and refrains from spending? Or a Congress that goes instead on a fact-finding mission to Djibouti while making promises it cannot keep?

Share and Enjoy:
  • email
  • Facebook
  • Twitter
  • Digg
  • Yahoo! Buzz
  • StumbleUpon
  • Print

Democratic Cognitive Dissonance

“Democrats had a lot of harsh things to say about former President George W. Bush—but you’ll search in vain for anything comparably menacing, anything that even hinted at an appeal to violence.”—Paul Krugman, New York Times

(more…)

Share and Enjoy:
  • email
  • Facebook
  • Twitter
  • Digg
  • Yahoo! Buzz
  • StumbleUpon
  • Print

Jimmy Fallon: I’m Just a Big F*cking Bill

My obsession with Schoolhouse Rock continues:

Share and Enjoy:
  • email
  • Facebook
  • Twitter
  • Digg
  • Yahoo! Buzz
  • StumbleUpon
  • Print

I Was Waiting for Someone To Do This . . .

Share and Enjoy:
  • email
  • Facebook
  • Twitter
  • Digg
  • Yahoo! Buzz
  • StumbleUpon
  • Print

Chairman of the Judiciary Committee Makes Up New Provision of the U.S. Constitution to Justify Obamacare

Be prepared for your eyes to bleed as you watch this:

The “good and welfare” clause????? I missed that in my copy of the Constitution.

Share and Enjoy:
  • email
  • Facebook
  • Twitter
  • Digg
  • Yahoo! Buzz
  • StumbleUpon
  • Print

Biden Puts the “Vice” in Vice President, F*ck, Yeah!

This is the best moment of his Vice Presidency since this.

Share and Enjoy:
  • email
  • Facebook
  • Twitter
  • Digg
  • Yahoo! Buzz
  • StumbleUpon
  • Print

Quote of the Day: Ross Douthat

From Ross Douthat:

Before the 2008 crash, it seemed like this new liberalism might be poised for a long run of domestic policy triumphs: First health care, then climate-change legislation, then card check and immigration reform and so on down the list. But in the wake of the Great Recession, our rendezvous with fiscal retrenchment has been accelerated, and the chances for a rolling series of progressive victories have diminished apace. Barring an extraordinary economic boom, the American situation will soon require the slow and painful restructuring of the welfare state that liberals have spent decades building. This environment may or may not lead to a revival of D.L.C.-style centrism among the Democrats, but at the very least it’s hard to see it proving congenial to further adventures in sweeping social legislation.

I’ve talked to liberals who seem to understand this: The reckoning is coming, they allow, and the theory of health care reform has always been to get everybody inside the barrel before it goes over the falls. (I’d lay good money that this is Peter Orszag’s view of the matter.) But seen in this light, the health care victory looks less like the dawn of a bold new era, and more like the final lurch forward before a slow retreat. Liberals have finally captured Moscow, you might say; now they have to hope that it turns out better for them, and for America, than it did for Napoleon.

Share and Enjoy:
  • email
  • Facebook
  • Twitter
  • Digg
  • Yahoo! Buzz
  • StumbleUpon
  • Print

Quote of the Day: Pat Caddell

From Pat Cadell today on Fox:

The people who are opposing this are holding tea parties. The Democrats are holding a Kool-Aid party. This is political Jonestown.

Share and Enjoy:
  • email
  • Facebook
  • Twitter
  • Digg
  • Yahoo! Buzz
  • StumbleUpon
  • Print

More Paul Ryan Being Awesome (Taking on Debbie Wasserman-Schultz)

Share and Enjoy:
  • email
  • Facebook
  • Twitter
  • Digg
  • Yahoo! Buzz
  • StumbleUpon
  • Print