The President has submitted his 2014 budget to Congress.  At a White House media event he spoke of  “deficit reduction” and claimed to have proposed  “smart cuts” in spending. 

Barack Obama, Senior Lobbyist for special interest tax breaks President Obama’s weekly address was about the sequester and was typical of his strident rhetoric. Acting as if he had no role in enacting the sequester law he repeated claims that tiny incremental reductions in the rate of government spending growth would “inflict pain on communities,” hurt [...]

The latest Obama budget crisis is the “sequester,” an idea he came up with in the summer of 2011 that was intended to delay action on the government’s ballooning debt until after the election.  He is now leading a political and media campaign to pressure Congress to resend it. As the chart to the right [...]

In only four years the President and the Democrats have made amazing progress toward realizing the progressive dream of a powerful central government, controlling every corner of the economy and dominating the states and The People.  The only thing holding them back is the Republican House majority, supported by popular resistance to deficit spending and [...]

During President Obama’s first four years the federal government ran deficits totaling $5.1 trillion, far and away the largest in history.  Concern over the explosion in government debt caused by an apparent new normal of yawning deficits is a major barrier to the to the President’s agenda of dramatically expanded government power.  Thus, he opened [...]

President Obama has invented a new name one of Washington’s most enduring deceptions, the promise of spending cuts in return for tax increases.  He calls it his “balanced approach.”  As always the tax increases are real and immediate while the spending cuts turn out to be illusory. The President wants to rescind the Sequester spending [...]

The next crisis deadline is already upon us.  Over the past 16 months the Obama Administration has borrowed and spent another $2 trillion (in addition to $3.4 trillion in tax revenue) and has once again reached it’s debt ceiling.  The Obama-friendly media continue to repeat the falsehood that the President and the Democrats have already [...]

In a Wall Street Journal interview about fiscal cliff negotiations House Speaker John Boehner quotes President Obama: “We don’t have a spending problem.” While the President often says the word “cuts” at his campaign style media events, his next words usually are “so we can make investments in…”  It’s hard to avoid the conclusion that [...]

The corrupt, profligate spenders won. The media cheered, The People lost. The President and his media allies didn’t talk much about why America faced the so-called fiscal cliff.  This chart shows why there is such acrimony in Congress. It took 22 years, from 1986 to 2008 for government debt owed to the public to rise [...]

A casual consumer of “news” might perceive the so-called fiscal cliff as nothing more than a debate about whether or not “millionaires and billionaires” (defined as annual income of $250,000 or more) will be “asked to pay a little more.” The “news” rarely provides background to to answer the question, why are we on the [...]