A Detroit City Council member apparently believes that President Obama should help bail out Detroit given its current disastrous economic situation. Not only that, she actually says he should do it as payback for the support city residents gave to him in his recent re-election.
Unless the impasse in Washington is resolved soon, America will go over the so-called “Fiscal Cliff.” We’ve all heard the term, but what exactly is the “Fiscal Cliff”? The “Fiscal Cliff” is a combination of massive tax increases as well as large scale, but indiscriminate Federal spending cuts that are due to come into effect on January 1, 2013. The result would be higher taxes and job losses for Ohioans and the nation.
“Nothing is more powerful than an idea whose time has come,” wrote Victor Hugo, in History of A Crime — published in 1877. We could not agree more.
MediaTrackers Ohio has an excellent post highlighting some of the talking points being used by opponents of bringing Right to Work to Ohio. None of it is surprising given that the group responsible, We are Ohio, receives the vast majority of its funding from unions. The problem that the unions and union-funded advocacy groups have is that the evidence that Right to Work laws (RTW) lead to job creation is overwhelming.
The incomparable Walter Russell Mead points to a major problem that is burdening an entire generation with unsustainable debt: higher education subsidization. That may seem counterintuitive, but it really is crushing the hopes of a generation.
When 232 business leaders sign on to a letter that asks the federal government to fix our unsustainable debt trajectory, someone should be listening.
In his most recent, and highly visible, op-ed, Paul Krugman appears to pine for days when the US had a 91 percent top marginal income tax rate. Unfortunately, as Mickey Kaus points out here, the notion that such a high income tax rate will bring in the extra revenue Krugman seems to expect is deeply flawed.
Governor John Kasich is expected to opt not to set up a state exchange. This is the right decision for Ohio. The President’s health care law is unworkable and unsustainable. Rejecting the health insurance exchanges, and equally as important the Medicaid expansion, are two opportunities states have to push back on this law and instead push forward on a better health reform agenda for Ohio.
Nuclear Armageddon? No problem. Twinkies, as the old joke used to go, could survive it (along with cockroaches). Sadly, it appears these seemingly robust treats that appeal to the sweet tooth in us all look to be nearing their final days. Fans better stock up now because all those pink Sno-Balls and Ding Dongs may also be joining Twinkies in the ash heap of history now that the company that makes them, Hostess Brands, is looking to shut down.
The US stands on the cusp of potentially changing the world’s energy map according to the International Energy Agency, and within the US Ohio should become a leader. This is largely due to the shale gas boom that everyone is reading about. Unfortunately, this boom could easily stall for any number of reasons, including policies that emanate from Washington, DC.
