This is the most disturbing thing I’ve seen all day. And Obama wants to spend even more money! I have argued that the real national debt is about $130 trillion. Let’s say I’m being pessimistic. Forbes, in a 2008 article, came up with a lower number: $70 trillion. Let’s say the sunny optimists at...
This is a nice legacy President Obama is leaving to America’s kids. CNS News: In the first 19 months of the Obama administration, the federal debt held by the public increased by $2.5260 trillion, which is more than the cumulative total of the national debt held by the public that was amassed by all...
After hailing Obama for bringing on a “new American moment,” Hillary Clinton went on to say our rising debt levels pose a national security threat, and that it sends a message of weakness. She better hope she threw some Bush blaming in there, or she there could be a pink slip in her future....
Senator Michael Bennet (D-CO) has consistently voted with Harry Reid to support President Obama’s big spending agenda. In fact, he’s voted to spend a whopping $1.5 billion per day! You wouldn’t know it if you listen to what he said on the campaign trail. Via National Review, the Greeley Gazette reported: Michael Bennet, D-Colo,at...
Whether or not you agree with the merits of the Iraq war, one thing we can agree on is that it was an expensive undertaking. (And may God bless those who gave their lives, or limbs to that cause.) Do you remember hearing the lefties howling over the money they say we wasted on...
I read this post by Mish yesterday, so I was appalled when I saw Senator Judd Gregg on Greta Van Susteren’s show talking about how we are headed toward fiscal calamity. Watch the latest video at video.foxnews.com It’s not that I disagree with anything Gregg said about the state of our fiscal health, but...
Are the Keynesian policies of the past hundred years about to catch up with us? That’s what Egon von Greyerz thinks, and he makes a pretty strong case that we’re in for much worse than a double-dip recession. Zero Hedge: No, there will be no double dip. It will be a lot worse. The...
Can you imagine running your personal finances this way? Spending more than you take in, month after month, year after year? And imagine becoming so upside down with your debt that you decide to get into even more debt to solve the problem! Seriously, what would be the result? You’d go bankrupt! That’s exactly...
Memeorandum links to all sort of stories today about stimulus and extending the Bush tax cuts. Writing in the New York Times, William Gale takes on the “myths of the Bush tax cuts.” As William Jacobson pointed out, the screed is nothing more than another example of class warfare. Allowing people to keep more...
While all is silent on the serious news of the Obama administration’s latest outrages, and while the focus is on Fox News and Shirley Sherrod, Obama is signaling he will cut the budget for purchases of the C-17 used in military operations and humanitarian disasters. Some 30,000 jobs will be lost if the cut...
Vice President Joe Biden thinks the massive stimulus program that we couldn’t afford in the first place was too small. Of course, it’s all the fault of the GOP. Vice President Joe Biden said that the Recovery Act was undersized because the White House shrunk the economic stimulus package to win Republican votes in...
I suppose this will be blamed on Bush. On the same day President Obama named Jack Lew to replace Peter Orszag as budget director, the nation’s deficit soared above the $1 trillion mark with three months still left in the current fiscal year, according to new figures released by the Treasury Department. We don’t...
Absent an October Surprise, there’s a good chance Republicans will win big in November and the Democrats will lose majority control of the House and possibly the Senate. That’s all well and good, but what are they going to do after that? Are they going to play nice with President Obama? Will they start...
Democrats love telling us that President Bush inherited a recession and squandered it away on tax cuts for the rich, Medicare drugs and frivolous wars. For one thing, isn’t an expansion of Medicare a liberal idea, and wouldn’t a Democrat have expanded it further? But the bigger point is, there never really was a...
Latest posts
Page optimized by WP Minify WordPress Plugin
Recent Comments