![]() President Obama argues that the real problem is undertaxing the public, not overspending on entitlements. The good news is that we have a golden opportunity to rein in entitlements, for the first time in many years.īut there is bad news, too. It is that the entitlement state is impoverishing the lives of the growing millions dependent on unearned resources. The problem with this is not just that it is bankrupting the country. President Obama's war on the rich is, sadly, working.Īrthur Brooks: America's Dangerous Powerball Economy - WSJ.com: "It is a simple fact that the United States is becoming an entitlement state. Meanwhile, the media and most Americans, I fear, have bought the spin that we have a revenue problem. When will people wake up to the fact that we have a spending problem with a host of consequences that are bad for the nation. ![]() H ttp:///columnists/thomassowell/5/creators_oped That is because people change their economic behavior when tax rates are changed, contrary to what the Congressional Budget Office and others seem to assume, and this can stimulate the economy more than a government “stimulus” has done under either Bush or Obama." ![]() Moreover, “the rich” paid a larger amount of taxes, and a larger share of all taxes, after the tax rates were cut. The government gained tax revenues, not lost them. So it is sheer hogwash that “tax cuts for the rich” caused the government to lose tax revenues. The deficit increased in 2008, followed by a huge increase in 2009. What caused the decreasing budget deficits after the Bush tax cuts to suddenly reverse and start increasing was the mortgage crisis. Thomas Sowell: Fiscal Cliff Notes (Part II) - Frontiers of Freedom: "The bottom line is that Barack Obama’s blaming increased budget deficits on the Bush tax cuts is demonstrably false. Instead, they buy the Democrat political spin. The nation has a spending problem, not a revenue problem, a fact that the media fails to fully examine. All rights reserved.Part II of Thomas Sowell's rational analysis on the political charade that dominates Washington these days. Tickets are on sale now on their official website.Ĭopyright © 2022, ABC Audio. The singer will perform “29,” as well as their other tracks off the Holy Fvck album, when they go on tour later this month. As part of this new collab, they performed “Substance” and “Skin of My Teeth” off their new album. The singer continued, “So when an Original Live Performance with Vevo was on the table, I immediately started to brainstorm creatively – the lighting, the room design, my look and outfits, how to incorporate our incredible female live band – all of it! The Vevo team made this vision a reality with me, and I hope my fans can feel the emotion and power through these live performances.”ĭemi previously teamed with Vevo for a series of performances in 2012 and in 2017. “I knew I wanted to showcase my new music in a unique way for my fans, both visually and sonically.” “My new album HOLY FVCK is a deeply personal journey that begins with pain and anger, and through this emotional release, the album concludes in a hopeful place of joy that allows me to take my power back from the very things that made me angry,” Demi said in a statement. “29” is the latest track off of Demi’s new album Holy Fvck, which is described as “a pure distillation of the superstar’s creative ethos.” Demi flexed their powerhouse vocals on what appears to be an empty stage to deliver a searing rendition of the new single, which was backed by just a drummer, keyboardist and guitarist. The song is rumored to be about the 12-year age gap between Demi and ex-boyfriend Wilmer Valderrama, when the two were 17 and 29, respectively. Demi Lovato continued their Vevo performance series with an intimate performance of their new single “29.”
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