You didn’t think anyone in Washington, DC was actually thinking about cutting the deficit and national debt did you? Well, don’t be silly. They have a lot of money to spend by the end of the year. The coming year-end spending spree after so much debate over budget deficits shows just how hard it...
Yesterday the stock market soared on the news that the Federal Reserve and other central banks were going to make it easier for European banks to borrow money. It’s a shame all they’re doing is putting a Band Aid on the problem. But here is what is beyond debate: Europe has not solved its...
The Obama economy delivers more gloomy news. Productivity in the third quarter of 2011 was weaker than previously reported. What a shock. The rebound in U.S. nonfarm productivity growth was not as strong as previously estimated in the third quarter, while wages declined for two straight quarters, supporting the Federal Reserves views of moderate...
New Jersey Governor Chris Christie has had it with President Obama and he unloaded yesterday on Obama’s failure to work with Congress to work with the Super Committee to reduce the national debt. “I was angry this weekend, listening to the spin coming out of the administration, about the failure of the supercommittee, and...
The ratings agency Fitch has cut the outlook for the United States to negative thanks to the pre-destined failure of the Supercommittee. But it’s not all bad seeing that they left our AAA credit rating in place. They must be grading on a curve these days. Fitch Ratings kept its pristine AAA rating on...
Senate Democrats can’t wait to return to Washington, DC after their Thanksgiving break to try to spend more money. Their plan is to take up legislation that will add $400 billion to the deficit. They’re mulling calling for tax increases on the rich to pay for it. (Shocking, I know.) After failing to reach...
Nick Gillespie appeared on Freedom Watch yesterday to talk about the national debt, the federal budget and the fake “spending cuts” we keep hearing about. Nobody is talking about cutting anything, well, except perhaps the Tea Party debt commission that Senator Chuck Schumer ran out of the building the other day. What the rest...
The Super Committee is expected to announce failure in its endeavor to cut $1.2 trillion from the federal budget over ten years. As I write this, Senator John Kerry is on television (no doubt enjoying a few moments back in the limelight) blaming Republicans and playing class warfare. So, where is President Obama –...
Here’s a real shocker – the Super Committee tasked with finding $1.2 billion in cuts to the federal budget over ten years will most likely announce it has failed. Politico reports that the announcement may come as early as tomorrow. The committee hasn’t met in weeks. They were set up for failure from the...
Even if the Super Committee does manage to find $1.2 trillion in cuts to increased spending over ten years, I’d imagine there will still be dire consequences, seeing that the national debt is now over $15 trillion and rising every moment. But, since that’s all they’re tasked with, that’s what everyone is focused on....
This video by Bankrupting America is a little on the cheesy side, but the message is dead serious. The national debt has now topped a mind-boggling $15 trillion. As the Heritage Foundation pointed out, it’s a nightmare. This week, the U.S. national debt clock hit a nightmarish milestone: a record $15 trillion. Words can’t...
It’s official, the United States federal debt has topped $15 trillion, but there’s still no deal to reduce that debt in the Supercommittee. It was pretty much designed to fail, and according to The Washington Post, President Obama is “quietly” preparing for failure. Not that certain Republicans aren’t continuing to bend over backward to...
The SuperCommittee tasked with dealing with cutting the massive national debt appears to be deadlocked. Newt Gingrich, who is gaining ground in the polls in the GOP presidential primary, has seven suggestions for the committee. Procedurally there are two key steps. First, drop the threat of draconian cuts as an excuse to do something...
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