The One O’Clock Review Of The News
Key news articles, opinion pieces, and reports to improve our understanding of the political landscape:
Amy Goodman, the host of the far-left radio and TV show “Democracy Now!,” which has become “one of public broadcasting’s fastest growing programs,” thinks she knows why the progressives are winning elections. “Missed by the mainstream media, but churning at the heart of our democracy, are social movements, movements without which President Obama would not have been re-elected,” she says. What she doesn’t say is that many of these “social movements” are bought and paid for by George Soros. One of them—the campaign to abolish the death penalty—has been a pet project of Soros for decades.
But this is also an Achilles heel for the progressives, who stand exposed as people who want to save the lives of serial killers, cop killers, traitors, and those who rape and murder women and children. In a major setback, they lost the battle over Proposition 34 in liberal California on November 6. Proposition 34 would have abolished the death penalty. Click here to continue reading this story.
As the political and media classes ponder the fiscal cliff, many are tempted to pigeonhole conservatives into a box that says they are either against all types of tax revenue or open to all types of tax hikes. That is a completely false choice.
When considering a tax code that is 70,000 pages long, and a federal budget that contains nearly $4 trillion in annual spending, it is clear that not all taxes or revenue generators are created equally. The media’s fixation on pledges misses the point. The standard by which we should measure legislation is not whether it generates revenue. Instead, the paramount consideration should be whether it promotes economic growth. Click here to continue reading this story.
Negotiations to avoid the fiscal cliff are understandably focusing on whether to cut or raise taxes and spending. But those issues are secondary. The real problem facing the federal budget is the unsustainable cost of entitlement programs like Social Security, Medicare and Medicaid. If structural reforms aren’t made soon, the burden on future taxpayers will overwhelm any tax-and-spending deal reached now.
In a recent report, the General Accounting Office (GAO) analyzed two scenarios that show how little difference the current focus on tax rates and spending levels will make to the long-term deficit. Click here to continue reading this story.