President Lyndon Johnson's administration was known for his War on Poverty. President Obama's will become notable for his War on Prosperity. We're speaking, of course, of Obama's plans to hike income taxes on the most wealthy 2 or 3 percent of the nation. He's not just raising the top rate to 39.6 percent; he's also disallowing about one-third of top earner's deductions, whether for state and local taxes, charitable contributions or mortgage interest. This is an effective hike in their taxes by an average of about 20 percent.
Dick MorrisEach morning we sat reading our copy of the New York Times, the Washington Post or the Los Angeles Times and ruminated on their prophecies of doom and quagmire. Then we looked up to see, on television, correspondents actually embedded with our troops, reporting quick advances, one- sided firefights, melting opposition and, finally, welcoming crowds.
Dick MorrisIn Canada the cancer death rate is 16% higher than in the U.S. because of rationing of medical care. It takes an eight week wait to get radiation therapy for cancer.
Dick MorrisPresidents generally do what they are good at in their first four years, then spend their second term responding to the agendas imposed upon them by events.
Dick MorrisPresident Obama's recommended reduction in the tax deduction for charitable giving reflects his fundamental belief that only the government can or should help the poor. He wants to keep the impoverished directly dependent on the government - and the Democratic Party - for their daily bread.
Dick MorrisSocialist countries throughout the world love to lower retirement ages to make people prematurely dependent on the government. But we should move in the opposite direction. In the long run, indexing retirement to life expectancy will yield enormous revenues to the system, far more than a one-shot increase in the age in the current legislative cycle.
Dick Morris