And So I Go: Yesterday, Today and Tomorrow

Archive for the ‘Unfunded liabilities’ Category

Dear reader this is a great article that you really need to read and understand AND do go to all the referred articles and sites.  What it comes down to of course is that is our fault because We the People allowed  sat on our haunches and blithely allowed this all to take place while we played.    It is still not too late to turn things around and take our country back but it will not be done without pain and without fully understanding what is happening.  This is why I keep passing on these best of the best in my opinion news articles to you so that you understand and can make the right choices and vote for men and women who share your values and need to save America.

The following article is from my favorite site: Heritage.  I read many sources but use the Heritage often because their articles seem to me to be the most informative and concise.  BB

Mon, Sep 23, 2013 at 10:12 AM
Mon, 10:12 AM

Morning Bell: 6 Reasons Why the National Debt Keeps Rising

from The Heritage Foundation to you

6 Reasons Why the National Debt Keeps Rising

09/23/2013

Out-of-control spending by Congress and the Obama Administration has once again maxed out the latest debt limit—a nearly $17 trillion burden that harms job growth, gives special interests a pass, and lowers American families’ personal income.
($17 billion up from $9 billion just in the 5 years since Obama took office!  BB)
Inspired by Dave Ramsey’s recent post “6 Reasons People Stay in Debt,” we compiled six reasons why Members of Congress, the Obama Administration, and others in Washington avoid the path to financial stability in favor of big spending…

Ramsey_debt_300

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1. They want to keep up appearances.

The truth is, ever-growing entitlement programs drive ever-greater government spending. Everyone knows it. Some leaders in both parties have even worked together on first-step solutions agreeable to both sides. Yet rather than risk Warren Buffett’s taxpayer-funded benefits decreasing, politicians pretend America’s national budget can handle all the extensive promises they’ve made over the past several decades.

2. They are unwilling to sacrifice even wasteful spending.

Like a recent guest on “Hannity,” some in Washington will defend even the most ridiculous spending. Yet Congress could eliminate billions in spending tomorrow. Heritage expert Patrick Louis Knudsen, who spent two decades working on the House Budget Committee, recently went line-by-line through the federal budget to find $42 billion in unnecessary, poorly run, and duplicative federal government programs.

3. They fear changing “business as usual” in Washington.

Politicians are masters at playing the game. Because Americans are waking up to the fiscal crisis we are in, today policymakers in both parties use any number of legislative “back doors” to increase the debt ceiling—without looking like they did. CNN reports:

Since it’s a politically tough vote, they occasionally devise clever ways to tacitly approve increases without ever having to publicly record a “yes” vote.

For example, as part of the deal to resolve the 2011 debt ceiling war, Congress approved a plan that let President Obama raise the debt limit three times unless both the House and Senate passed a “joint resolution of disapproval.” Such a measure never materialized. And even if it had, the president could have vetoed it.


4. They’re addicted to stuff.

Policymakers in Washington enjoy a good haircut, lavish conference vacations, and even renovating their bathrooms… all at our expense. How does so much wasteful spending get into the federal budget? Follow the money. When government keeps doling out so much to so many, it’s inevitable thatWashington’s 10,000+ registered lobbyists get in on the bureaucrats’ action—while helping along a few re-election campaigns in the process.

5. They don’t know how to see long-term.

Word has it that the 2013 deficit will be lower than previous years. Let’s not break out the confetti just yet. This short-term change is due in part to massive tax increases signed into law by President Obama. Moreover, this year’s $642 billion deficit adds to the already massive national debt. Nearing $17 trillion, the debt is depressing job growth and opportunity for American families.

6. They lack the courage to lead on spending reform.

Clearly there are real proposals on the table to get the budget under control. Heritage offers Saving the American Dream, a budget framework that wisely resets spending levels back to historical norms. Even with recent legislative action on defunding Obamacare, it is unclear whether Congress will ultimately follow through and fully defund this unfair, unworkable, unaffordable law before its massive new entitlements go into effect.

We can change our current course, support a budget based on real Constitutional priorities, and set free the unlimited genius of Americans to create jobs, wealth, and prosperity. Find out how you can spread the word >>

People this is where the rubber hits the road and we are going down the drain.  Warnings are coming from everywhere that the United States is on the skids and when we go there will be no  way back.  And when we go the world will rip us to pieces—-you better believe it.  Top dogs are always ripped apart when they finally fall.  Our economy is the only one in the world failing because of Obama’s policies.  the rest of the world managed to come thru the bad time  of the 2009 crash and are are the rebound.  The United
States is still staggering around and losing businesses and therefore jobs daily.   The government is telling us that the economy is growing however slowly.   That is a lie!   47  million  Americans are on food stamps for God’s sake.   Only 24% of these are children so when the Progressives yell about starving children  just don’t believe it!    Many of these people are not really in need but have gotten on the gravy train because Obama lowered the requirements to get on.   There is no work requirement for able bodied people before they can get on welfare in our country today.   Obama did this by making things like “reading library books” a so-called “work fulfillment”.  And when the reports come out about how many people are unemployed the numbers do not include the people who have simply given up and are no longer even trying to get a job.  The real unemployment rate is near 17% which is almost as high as that of the Great Depression!  All this due to Obama.  Call and write your Congressman to stop Obama.  Also tell them to rollback his Presidential Decrees.   So many bad things have happened because Presidents have the right to make laws all by themselves without Congress.

We are in the mess with Public service (government workers) unions right now not from a law by Congress but because President Kennedy allowed it with a Presidential Decree!    President Nixon took us off the gold standard where our money was backed by gold  instead of the word of our government which isn’t worth the paper it is printed on.  From that time the dollar has lost value and so has your standard of living and the wages you earn.  You are making more money than you Dad but it is worth less!

The Federal Reserve ( a private company!)   is printing money at the rate of $85 billion dollars a month in order to keep the economy from a total melt down.  This money being printed is worthless—totally worthless , and at some point the house of worthless dollars will fall taking us into a hole we can never get out of because of the debt our government has saddled us with.

The following article should help you see what is happening.  BB

Morning Bell: What You Need to Know About the Debt Limit

The Congressional Budget Office just dropped a budget update on Washington, and it’s not good. The U.S. government is spending recklessly—and Obamacare is adding fuel to the fire.The new report comes at a crucial time, as negotiations over the debt limit are starting up again. Here are some basics to help you cut through all the political spin.

What is the debt limit?

Yes, it’s the legal limit on federal government borrowing—but the debt limit is a wake-up call. It’s a chance for Congress and the President to stop the spending insanity.

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Why does it matter?

Government spending is accelerating with no end in sight as long as entitlement programs keep expanding.

Entitlement spending is the biggest driver of skyrocketing debt. In only 10 years, Social Security, Medicare, and Medicaid will devourhalf of the federal budget.

Of course, Obamacare’s new entitlements only add to this mess. Think health care spending is out of control now? “Obamacare is the single biggest factor driving the growth in mandatory health care spending over the next decade,” warns Heritage expert Alyene Senger. The insurance exchanges, the Medicaid expansion… it’s all adding to our spending problem. (continues below chart)

BL-LTBO-2013

What should Congress do?

In a new Rasmussen poll, 58 percent of Americans “favor a federal budget that cuts spending.” Right on. Congress should cut spending, reform these programs that are ballooning the debt, and put the budget on a path to balance within 10 years. Facing the debt ceiling gives them the opportunity to correct the catastrophic course we are on.

Yesterday I* posted on just where each of your tax dollars go.  The largest outlays were for our Senior Citizens in the form of Medicare and Social Security.    And yes dear reader I went into my usual rant about the reason for Social Security and is oldsters living much longer than we should and therefore getting  years and years more than we put into the Social Security program thru our payroll deductions while we were working.  In fact, we each get back every cent we put into our account within two and one half years after retirement!!  After that People we are on WELFARE and living off the backs of the young!!   Social security needs to be means tested and should go only to those who need it to live a decent life.  That does not mean paying for Grandma and Grandpa to spend lovely warm winters in Florida in their fancy RV’s.   And yes, I spent eleven years as a full time RVer so I know well what I am talking about.  I also lived for 19 years in Florida before retirement and know how populations in some towns in Florida go from 7000 in the summer to 70,000  in the winter.  People who can afford to own RVs do not need Social Security.  They should not be living on the backs of the young or getting money that is becoming a national debt that their great grandchildren will have to pay back.

Of course next on the Greedy Geezer list are those who are well able to buy their own health insurance but who take Medicare.   At the grand old age of 24 in 1965 i was so much against this Medicare scam that President Johnson and the Congress (both Democrats and Republicans)  were in on with the insurance companies.    At that time only an estimated 40% of seniors needed some help paying for their health insurance.  And instead of putting these people on Medicaid or some type of stipend to help them purchase their own health insurance the ENTIRE elderly population 65 and over no matter their income was put on Medicare.  It was a disaster in the making just as Obamacare is going to be the devastation of our country as we know it.   ALL the estimates of costs of the Medicare program in 1965 were 2000%  (that is two THOUSAND percent) under the actual costs of Medicare in 2010.  Again we Seniors are being kept healthy and alive on the backs of our current working young and by putting our great grandchildren in debt for life.  Our great grandchildren in effect will have no life because they will be slaves to paying for the lives we are living now.

How can Americans bear to live with what we are allowing to happen?  I grieve for my country and for my great grandchildren yet to be born.

Anyhow, no more ranting from me.  The following article from Cato Institute  explains better than I can why we must stop the madness of our entitlement programs and put them on a course that will  help those who truly need help but take those who can do for themselves  off the programs.  It really grates me when wealthy Americans are using Medicare.

Be sure to go to the referred sites for additional information.  Sincerely, Brenda Bowers (BB)

APRIL 16, 2013 8:40AM

Entitlement Spending Is America’s Biggest Fiscal Challenge, but Discretionary Spending Is Still Far too High

If America descends into Greek-style fiscal chaos, there’s no doubt that entitlement programs will be the main factor. Social SecurityMedicareMedicaid, and Disability are all fiscal train wrecks today, and the long-run outlook for these programs is frightful.

Just look at these numbers from the Bank for International Settlements and OECD to see how our fiscal future is bleaker than many of Europe’s welfare states.

Simply stated, if we don’t implement the right kind of entitlement reform, our children and grandchildren at some point will curse our memory.

But that doesn’t mean we shouldn’t worry about other parts of the budget, including the so-called discretionary programs that also have been getting bigger and bigger budgets over time.

That’s why I want to add some additional analysis to Veronique de Rugy’s recent piece inNational Review Online, which might lead some to mistakenly conclude that these programs are “shrinking” and being subject to a “Big Squeeze.”

…there is another number to look at in that budget. It’s the shrinking share of the budget consumed by discretionary spending (spending on things like defense and infrastructure) to make space for mandatory spending and interest. This is the Big Squeeze. …in FY 2014 mandatory spending plus interest will eat up 67 percent of the budget, leaving discretionary spending with 33 percent of the budget (down from 36 percent in FY 2012). Now by FY 2023, mandatory and interest spending will consume 77 percent of the total budget. Discretionary spending will be left with 23 percent of the budget.

She’s right that discretionary spending is becoming a smaller share of the budget, but it’s important to realize that this is solely because entitlement outlays are growing faster than discretionary spending.

Here’s some data from the Historical Tables of the Budget, showing what is happening to spending for both defense discretionary and domestic discretionary. And these are inflation-adjusted numbers, so the we’re looking at genuine increases in spending.

Discretionary Spending FY62-14

As you can see, defense outlays have climbed by about $100 billion over the past 50 years, while outlays for domestic discretionary programs have more than tripled.

If that’s a “Big Squeeze,” I’m hoping that my household budget experiences a similar degree of “shrinking”!

Veronique obviously understands these numbers, of course, and is simply making the point that politicians presumably should have an incentive to restrain entitlement programs so they have more leeway to also buy votes with discretionary spending.

But I’d hate to think that an uninformed reader would jump to the wrong conclusion and decide we need more discretionary spending.

Particularly since the federal government shouldn’t be spending even one penny for many of the programs and department that are part of the domestic discretionary category. Should there be a federal Department of Transportation? A federal Department of Housing and Urban Development? A federal Department of Agriculture?

No, NO, and Hell NO. I could continue, but you get the idea.

The burden of federal government spending in the United States is far too high and it should be reduced. That includes discretionary spending and entitlement spending.

P.S. For those who don’t have the misfortune of following the federal budget, “entitlements” are programs that are “permanently appropriated,” which simply means that spending automatically changes in response to factors such as eligibility rules, demographic shifts, inflation, and program expansions. Sometimes these programs (such as Social Security, Medicare, Medicaid, etc) are referred to as “mandatory spending.”

The other big part of the budget is “discretionary spending” or “appropriations.” These are programs funded by annual spending bills from the Appropriations Committees, often divided into the two big categories of “defense discretionary” and “nondefense discretionary.”

You are required by law to pay taxes on your income today.  This income tax became law  when the states ratified the 16th. Amendment to the Constitution of the United States in 1913.  Our forefathers when writing the Constitution specifically denied the government from taxing the people or what was called a “direct tax”.  The states however were to be taxed  to support the costs of the federal government in direct proportion to the number of people living in the state.    Our forefathers saw the power an individual income tax would give governments over the people and the power to  hand out favors and manipulate the system to favor those who could bribe the Congress to write the laws in their favor.     This is why and how our own President paid only 18.5% taxes on his income.  How much did you pay?

Anyhow, just for your information this is what your tax dollars are paying for.  You will notice I sincerely hope that the largest part of your tax dollar is being paid out to senior citizens thru Medicare and Social Security!   Time and again I have explained on this site how we Seniors are getting from Social Security and Medicare so much more than we ever paid into these programs.  It is beyond me that we as a people insist on paying for millionaires medical expenses and paying them a pension  simply because they got old.    In fact, even the fact that we are paying these government handouts to anyone whose income is such that they can afford their own health insurance is beyond me.  It is long past time that Social Security and Medicare be means tested an only for the poor.   And with Medicare and Medicaid taking up 19% of your tax dollar now you can bet that Obamacare will triple that amount.  The Congressional Budget Office estimated that Obamacare would cost 1.9 trillion dollars over ten years but have since readjusted this estimate to 5.4 trillion dollars over the next ten years.  You might also remember that the government has always vastly underestimated the costs of  its programs.  But have been on this soap box before Dear Reader so will jump off now and get back to the point of the expenses paid by your tax dollar.

Defense takes a large portion also.  BUT, defense of our country was the one duty given to the federal government. We have the finest military in the world and  have been fortunate enough to have been free of a war on our shores by an invasion of a foreign power since 1812.  Somehow during the 20th. century the United States became the police force of the entire world which was not envisioned by our founders and certainly should not be our role now in my opinion.

 

Another  large portion of your tax dollar is the 6% that is going for interest payments.  THAT IS THE PAYMENT OF INTEREST ON OUR NATIONAL DEBT!   A national debt that took two hundred years to amount to 9 trillion dollars but on 4 more years to amount to 16 trillion dollars!!  So at this rate in just 5 years the percentage of your tax dollar that goes to just the interest on the national debt will  be more  than any other expense!  Keep that in mind when you go to the polls and elect a person who believes the federal government should put more and more people on medicaid or on food stamps or on disability.  All of these give away programs have doubled under our current president in just 4 years!

So read this article carefully and understand.   An plesase do go to the sites referred in the article . BB

 

Where Did Your Tax Dollar Go?

Americans are waking up today to the worst “case of the Mondays” they’ll have all year: It’s Tax Day.

Most Americans dread Tax Day, and for good reasons. Beyond the huge tab Americans pay to the government, the tax code is so complex that it’s difficult to figure out what we owe to the IRS. This is a pain for taxpayers and a huge drain on the economy.

According to the federal Taxpayer Advocate in its 2012 report, Americans’ cost of complying with today’s complex tax code totaled $168 billion in 2010. That’s almost as large as the impact of the Obama tax hikes in fiscal year 2013, and twice the size of sequestration this year [see chart].

It takes taxpayers 6.1 billion hours—or 51 hours per household—to complete all the required filings. That’s more than six full eight-hour working days per household!

The compliance burden comes on top of the direct financial cost of $3.5 trillion in federal spending. In 2012, Washington collected $20,000 in taxes for every household in America. But Washington spent nearly $30,000 per household.

TaxDay_403

Americans pay high taxes as it is, and with the 13 tax increases that hit this year, tax revenue is growing beyond its historical average as a share of the economy. But Washington’s deficits continue, because spending keeps going up.

Future Tax Days promise to be even worse because of the tax increases from the fiscal cliff deal and from Obamacare. Taxpayers will start seeing these costs when they do their tax returns next April and in future years.

Too much taxing and spending is bad for the nation. Americans are right to be concerned about how the President and Congress allocate their hard-earned money. As the above infographic shows, 45 percent or almost half of all spending went toward paying for Social Security and health care entitlements. Without reforming these massive and growing programs, Washington will have to borrow increasing amounts of money, piling debt onto younger generations and putting the nation on a dangerous economic course.

Growing government spending threatens current and future taxpayers with higher taxes. Congress should reduce spending and prevent any more tax increases. Congress also needs toreform the tax code so it is less of a burden on the American people.

Tax day is a real drag, but it doesn’t have to be this bad. Learn more at savingthedream.org.

Read the Morning Bell and more en español every day atHeritage Libertad.

 

Spot the Greedy Ones.

 

I hope you read this article.  It reinforces my own rant on the next post down.  BB

In case you missed these during the year I am posting Heritage top 10 2012 research papers here in one place.  They are all as relevant now as when they were published; in fact some even more so.  The United States is well on its way to total destruction as a free nation.  Our one chance at salvation was to elect Mitt Romney for President and we didn’t.  Obama won by a slim margin, but he  and the Democrats take that as a mandate to do as they please and because they still control the Senate and Harry Reid is at the helm there is nothing in the federal government to stop them.   The only forces now fighting Obama and Obamanation are the states and some very brave companies and individuals  who are trying thru the courts to hold off or hold back the onslaught of our demise.    I think you need to know what all of these reports say in order to perhaps  minimize the  personal damage the federal government will do to individuals in the coming years.  Sincerely and Happy New Year my Friends, BB

Top 10 Heritage Research Papers of 2012

Todd Thurman

December 27, 2012 at 8:02 am

federal spending 2008 – 2012As the year comes to a close, we reflect on 2012 by offering highlights of the top 10 most-read research papers by Heritage scholars.

1) The 2012 Index of Dependence on Government
By William Beach and Patrick Tyrrell
February 8, 2012
The great and calamitous fiscal trends of our time—dependence on government by an increasing portion of the American population, and soaring debt that threatens the financial integrity of the economy—worsened yet again in 2010 and 2011.

2) Taxmageddon: Massive Tax Increase Coming in 2013
By Curtis Dubay
April 4, 2012
If President Obama and Congress fail to act this year, an enormous, unprecedented tax increase will fall on American taxpayers starting on January 1, 2013.

3) High Gas Prices: Obama’s Half-Truths vs. Reality
By Nicolas Loris
February 23, 2012
Higher gas prices drive up production costs for goods reliant on transportation, and more money spent at the pump means less money spent at restaurants and movie theaters.

4) Federal Spending by the Numbers
By Alison Acosta Fraser
October 16, 2012
The federal government has closed out its fourth straight year of trillion-dollar-plus deficits, and the imperative to rein in spending has never been greater.

5) Red Tape Rising: Obama-Era Regulation at the Three-Year Mark
By James L. Gattuso and Diane Katz
March 13, 2012
During the first three years of the Obama Administration, 106 new major federal regulations added more than $46 billion per year in new costs for Americans.

6) The Ryan Budget: Confronting the Nation’s Spending Crisis
By Alison Acosta Fraser and Patrick Louis Knudsen
March 21, 2012
In the few months since Washington’s dramatic debt ceiling confrontation, America’s fiscal situation has only worsened. Federal spending is set to soar past previous record-shattering levels, endangering the economic future of the nation.

7) Auto Bailout or UAW Bailout? Taxpayer Losses Came from Subsidizing Union Compensation
By James Sherk and Todd Zywicki
June 13, 2012
The U.S. government will lose about $23 billion on the 2008-2009 bailout of General Motors and Chrysler. President Obama emphatically defends his decision to subsidize the automakers, arguing it was necessary to prevent massive job losses.

8) Government Employees Work Less than Private-Sector Employees
By Jason Richwine, Ph.D.
September 11, 2012
The stereotype of the under-worked government employee is frequently invoked in criticisms of public-sector employment. But does the average public employee really work less than the average private employee?

9) Tax Policy Center’s Skewed Analysis of Governor Romney’s Tax Plan
By Curtis Dubay
September 23, 2012
Their conclusion is the result of a series of carefully made choices. These choices, not the underlying nature of the Romney plan, cause them to arrive at their selected result. This finding is harming the debate on tax reform.

10) Welfare Reform’s Work Requirements Cannot be Waived
By Andrew M. Grossman
August 8, 2012
Under the guise of providing states greater “flexibility” in operating their welfare programs, the Obama Administration now claims the authority to weaken or waive the work requirements that are at the heart of welfare reform.

I loved the debate last night!  Romney was really out there and every bit the President we need.  He was respectful of the President but did not tolerate inaccuracies and came right back with the truth.  Obama reminded me of nothing more than a little boy who was being scolded by his Daddy.  He looked down and wouldn’t look Romney in the eye because he couldn’t; he couldn’t refute the truth of the facts Mitt Romney was putting forth to counter the lies Obama was telling and the  dismal facts of Obama’s administration’s mistakes and blunders and bad policies.  Then Obama allowed his nasty ego to show  when he let us see how upset and affronted he was to have anyone dare to question and confront him.    If there had been just five more  minutes left Obama would have exploded in a nasty temper tantrum.  I expect to see this tantrum in the next debate! because this  egomaniac  holds a grudge and will just have to come back, and in public.  We will see the real Obama next time..    In the meantime Heritage has some great articles on  debate questions and facts and follow up that I hope you will read.   I am printing just one article here but do go to their site and read several of their articles.  In fact, if you do not subscribe to the Heritage Foundation you really should.   BB

10 Questions for the First Presidential Debate

Tonight’s debate between President Barack Obama and former Governor Mitt Romney is supposed to focus on domestic policy, with a major concentration on the economy. Health care, the role of government, and philosophy of governing are also on the agenda. The Heritage Foundation’s policy experts have submitted 10 questions they would like to see asked in the debate.

1. In 2008, then-candidate Obama said, “Under my plan, no family making less than $250,000 a year will see any form of tax increase.” In reality, President Obama’s signature health care law contains 18 new or increased taxes and penalties that will cost taxpayers $836.3 billion over the next 10 years, many of which fall heavily on the middle class. In fact, almost 70 percent of those responsible for paying the fiercely debated individual mandate are below 400 percent of the federal poverty level.Should these tax increases be stopped to protect middle-class Americans from their damage? If yes, where would the money needed to help pay for Obamacare come from?

2. Millions of baby boomers are starting to retire, and spending on Social Security and Medicare as these programs are currently structured is simply unsustainableWhat is your plan to solve the looming entitlement program spending crisis?

3. Medicare as we know it today is facing severe financing problems that are unsustainable and putting future generations’ Medicare benefits in jeopardy. Over the long term, Medicare has made $37 trillion worth of promises to seniors that it cannot keep and the hospital insurance trust fund will be empty by 2024. Worse, the President’s health care law will cut Medicare by $716 billion over the next 10 years to pay for new spending in Obamacare. As Medicare’s solvency hangs in the balance, what structural reforms, if any, are you willing to make to preserve Medicare for future generations?

4. Everyone talks about shoring up our battered American DreamHow would you define the American Dream and what do you think are the most serious threats to it?

5. The Health and Human Services Department recently rewrote the law governing welfare to weaken its work requirements. Meanwhile, the number of people relying on food stamps has doubled under the current Administration. Should all able-bodied recipients be required to work or prepare for work as a condition of receiving aid in public housing, food stamps, and cash assistance?

6. The federal government is currently spending much more than it has, and annual budget deficits over $1 trillion have become the norm.What is your plan to stem the tide of deficits and rising debt?

7. One of the few bright spots in America’s economy has been energy production, particularly on state and private lands.  According to the Energy Information Administration (EIA), energy production decreased 13 percent on federal lands in fiscal year (FY) 2011 when compared to FY 2010. What would you do to reverse course on energy production on federal lands?

8. Congress—most notably the Senate, which hasn’t produced a budget in over three years—is sorely lacking in its basic responsibility of budgeting.What would you do to ensure the fundamental process of budgeting is restored?

9. President Obama has previously stated that, in the most important 5 percent of cases before the courts, it matters more what is in a judge’s heart (what has come to be known as his empathy standard) than what the rule of law requires. Is this the correct standard by which to evaluate judicial nominees? If not, what standard would you apply?

10. Former Attorney General of Mexico Victor Humberto Benítez Treviño estimated that approximately 300 Mexican citizens have been killed using Fast and Furious weapons in addition to U.S. Border Patrol Agent Brian Terry. Should Eric Holder resign as Attorney General because of his failures related to Operation Fast and Furious, including his failure to properly supervise the operation? If not, why not?

Watch the debate with Heritage tonight—you can watch it live, streaming on our Debate 2012 page. On the page, you can also follow our experts’ live blog and chime in on Twitter.


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