Cantor Super PAC Struggling With Fundraising

Monday, April 16th, 2012 and is filed under News

What an embarrassment!  After getting involved on behalf of a RINO freshmen to unseat a conservative veteran, Eric Cantor’s PAC, Young Gun Action Fund, pulled in just $55,000 during the first quarter of 2012.  This, from Politico:

The fundraising total was barely enough to cover the $52,000 the super PAC spent in March to run radio ads supporting freshman Republican Rep. Adam Kinzinger, who defeated incumbent GOP Rep. Don Manzullo in a heated Illinois primary last month.

It looks like he won’t have too much money to support other RINOs this cycle.

A New Highway Bill to Cave City

Monday, April 16th, 2012 and is filed under Blog, Debt, Taxes

As we’ve noted throughout the past year’s imbroglio over transportation spending, it is clear that complete federal control over transportation spending in a post-interstate highway era (post 1992) is inefficient, costly, anti-federalist, and precludes state and private innovations.  Yet, Congress continues to buckle down on a policy that has failed in recent years, exposing taxpayers to future bailouts and tax increases.  Worst of all, it will preclude states from dealing with their own infrastructure needs in the most efficient way.

On March 13, the Senate passed a massive 18-month $109 billion extension (S. 1813 Boxer-Inhofe stimulus), which creates new deficits, raises taxes, continues to fund 100% of mass transit, continues expensive Davis-Bacon rules, and provides no reforms.  After initially threatening to bring the Senate bill to the House, Boehner agreed to pass a 60-day extension until June 30.  The president signed the extension shortly before the Easter recess.  Now, House leadership wants to pass another “clean” extension until September 30.  But this extension is not so clean; it will be used as a vehicle to go to conference with the Senate over S. 1813, paving the road for a final product that will be heavily weighted towards the Senate bill (because the House has not passed their own detailed long-term bill).

Conservatives must oppose this bill and must demand that we hold off on a House-Senate conference until the full House passes a conservative transportation bill, providing us with the requisite leverage headed into conference.

As it turns out, the Senate bill is even worse than previously thought, yet if we allow the House to go to conference, this is the bill that will be agreed upon.  Here are some more problems with the Senate bill that have been uncovered in recent weeks:

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Carl Wimmer Tied With Matheson in UT-4

Sunday, April 15th, 2012 and is filed under Elections, News

Madison Project endorsee Carl Wimmer is statistically tied with incumbent Democrat Jim Matheson in the race for Utah’s newly-drawn 4th district.  Moreover, Matheson’s approval numbers are below 50%.  Most incumbents who poll that badly this far away from an election usually lose.  The poll also found Wimmer up double digits over his nearest primary challenger.

Hillary Sends Tax Dollars to Palestinians Over the Objection of Congress

Thursday, April 12th, 2012 and is filed under Blog, Foreign Policy

Normally, when the Chairman of the House Foreign Relations Committee expresses concerns about money being used to fund terror, one would expect the State Department to address those concerns.  In fact, it has been the custom that when a chairman of the relevant committee with jurisdiction places a hold on expenditures under his/her purview, the executive branch agency listens.

As we all know, it has become the hallmark of the Obama administration to jettison Congress in favor of rule by administrative fiat.  When House Foreign Relations Committee Chairman Illena Ros-Lehtinen placed a hold on some foreign aid to the Palestinians, Hillary Clinton summarily flipped her the birdie.  This from National Journal:

Secretary of State Hillary Rodham Clinton is allowing U.S. funds to flow to the West Bank and Gaza despite a hold by House Foreign Affairs Committee Chairwoman Ileana Ros-Lehtinen, R-Fla., a rare display of executive-branch authority that angered the key lawmaker concerned about protecting her congressional oversight role.

A State Department official said that a letter was delivered on Tuesday to key members of Congress informing them of Clinton’s decision to move forward with the $147 million package of the fiscal year 2011 economic support funds for the Palestinian people, despite Ros-Lehtinen’s hold. Administrations generally do not disburse funding over the objections of lawmakers on relevant committees. [..]

“The U.S. has given $3 billion in aid to the Palestinians in the last five years alone, and what do we have to show for it?” Ros-Lehtinen said on Wednesday in a statement to National Journal. “Now the administration is sending even more. Where is the accountability for U.S. taxpayer dollars?”

Sadly, the answer is not an enigma.  Obama and Clinton actually agree with the Palestinian terror cause.  At the very least, their overarching agenda is to appease radical Islam.  Cutting aid to the Palestinian terrorists doesn’t fit their narrative.

NJ-Senate: Quinnipiac Poll Has Menendez Up Only 9 Over Little-Known Challenger.

Thursday, April 12th, 2012 and is filed under Elections, News

A new Quinnipiac University poll shows New Jersey Sen. Robert Menendez (D) leading state Sen. Joseph Kyrillos (R) 44%-35%.  However, 79% of those surveyed don’t know enough about Kyrillos to have an opinion of him.

Question for GOP Leaders: How long halt ye between two opinions?

Thursday, April 12th, 2012 and is filed under Blog, Economy

As Republicans, we have ridiculed Obama’s stimulus, bailouts, picking winners and losers, crony capitalism, Keynesian economics, European-style socialism, and Solyndra-style loans.  Yet, there might only be 50 Republicans in the House who are willing to block a GOP effort to reauthorize a New-Deal policy that represents all of the aforementioned vices.

Roll Call is reporting that Eric Cantor is negotiating with Steny Hoyer in an effort to reauthorize the Export-Import Bank, which is set to expire May 31.  What’s worse is that GOP leadership is seeking Democrat support for a “compromise” to circumvent the lonely 50-70 Republicans who might block the reauthorization:

The finely calibrated deal under discussion, as described by lobbyists and aides working on the issue, would grab enough Democratic votes to overcome a bloc of 50 to 70 Republicans who strongly oppose reauthorizing the bank’s lending authority. Such a result would signal at least an appearance of centrism.

“We are working to formulate a bipartisan bill to reauthorize the Ex-Im Bank that includes needed reforms and accountability measures,” Cantor spokeswoman Laena Fallon said.

One would expect all of the 160+ RSC members to stick together and oppose an institution that subsidizes specific exporters to sell products to foreign consumers as opposed to domestic ones.  Yet, once again, we will be left with only a small group opposing this anti-free-market reauthorization.

However, there were some cracks forming among the conservative opposition. A GOP aide said a group of RSC members is preparing a letter supporting the bank’s reauthorization.

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Another $200 Billion Deficit for March, More TARP Spending

Wednesday, April 11th, 2012 and is filed under Blog, Debt

Despite the fact that revenues are increasing from the slow recovery and despite the so-called Budget Control Act, we are actually spending more money than last year.  Take a look at this Hill report on the latest monthly Treasury statement on outlays and revenues:

The federal government posted close to a $200 billion deficit in March, the Treasury Department reported on Wednesday, pushing it closer to a fourth consecutive year of $1 trillion deficits.

Higher spending fueled the $198 billion deficit, a $10 billion increase over March 2011. And with the fiscal year halfway over, the cumulative 2012 deficit stands at $779 billion.

The government spent almost $370 billion in March, the most in any month since President Obama took office. Accelerated benefits payments and higher spending related to the Troubled Asset Relief Program (TARP) appear to have played a role in that increase.

Yes, you read that correctly.  We are still incurring more debt from TARP!

Richard Mourdock for Senate in Indiana

Wednesday, April 11th, 2012 and is filed under Blog, Elections

On May 8, we will have our first opportunity to throw out a pale-pastel Republican when Richard Mourdock takes his shot at unseating Dick Lugar in Indiana.  Remember that we grow that Senate not just by flipping seats from Democrat to Republican but by flipping current Republican seats to Conservative.  Richard Mourdock has the momentum.  Let’s put him over the top.
Here is our official endorsement:

Who’s Really Paying Their Fair Share?

Wednesday, April 11th, 2012 and is filed under Blog, Taxes

If there is one inviolable rule in politics it is this: the reality is the antithesis of Democrat assertions.

As Obama and Democrats run around talking about the rich paying their fair share and tax cuts for the rich, consider these facts about the trend of our tax system over the past few decades.

The inconvenient truth for the left is that the tax code has become more progressive over the past few decades, not less progressive.  This trend has grown because of the tax cuts, not despite them.  While class warriors like to focus on the fact that Republican tax cuts lowered taxes on the rich, they forget that those tax cuts also removed millions of people from the tax rolls through the elimination of tax brackets and the expansion of the EITC and Child Tax Credit.

Let’s compare the change in share of the tax burden since 1980:

Top 1%

Top 5%

Top 10%

Top 25%

Top 50%

Bottom 50%

1980

19%

36.80%

49.30%

73%

93%

7%

2009

36.70%

58.60%

70.50%

87.30%

97.75%

2.25%

As you can see, the tax code has become increasingly progressive, to the extent that the rich pay almost twice the share of taxes they did in 1980.

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One Democrat Senator’s Tepid Support for Obama

Wednesday, April 11th, 2012 and is filed under News

Senator Mark Pryor, who represents the trending conservative state of Arkansas, didn’t exactly offer a robust endorsement of Obama when asked whether he would campaign with him:

“I’m not there to represent a president,” Arkansas Sen. Mark Pryor said on a Fort Smith television interview program.

“I think that is one thing that I think people in Arkansas understand, but nationally people have forgotten this,” he added.

Pryor, a second-term senator, isn’t up for re-election until 2014.

Asked about his level for support of Obama, Pryor said: “Not very active.”

“As much as I may love all of our presidents … I just don’t really get involved in those races,” Pryor said. “My view is, Democrat, Republican, it doesn’t matter, my view is I’m in Washington to try to work with people.”