Facing voters who are anxious about the government’s unprecedented deficits and debt President Obama seeks to portray himself – falsely – as a spending cutter.  He and the Democrats have decided it’s time to focus on the military budget.  Their campaign rhetoric is familiar: “The growing deficits are caused by ever increasing cost of the [...]

Since the beginning of his campaign in 2007 President Obama, always looking for an excuse for a tax increase, has blamed government deficits on the Iraq and Afghanistan wars, claiming the were “not paid for.” But he apparently changed his position in his State of the Union address. The government has run deficits every year [...]

Columnist Paul Krugman is the theologian of the progressive movement, providing a patina of academic legitimacy to economic policies with fancy names that simply seize income and resources from some citizens in order to transfer them to others.   Krugman published a column on New Years Eve called “Keynes Was Right” wherein he argues – [...]

The so-called Congressional Super Committee failed to reach a deficit reduction agreement even though success was absurdly easy:  simply adjust the “baseline” schedule of future spending by $1.2 trillion over ten years, beginning in 2013. Put another way, all they had to do was change the currently scheduled $44+ trillion of spending over ten years [...]

One would never know it from all the anguish expressed by the political-media establishment, but the Congressional Super Committee’s assignment is absurdly easy. This week the august Senators and Congressmen head into their final, dramatic days of deliberations.  Their assignment is to propose $1.2 trillion of “deficit reduction” over ten years, beginning 2013. In Washington [...]

We’ve been through almost a year of dramatic and acrimonious political debate about the government’s deficit, and it isn’t over yet. Much of the political media establishment has been suffering fits of anguish over alleged “austerity” and “deep cuts” being inflicted upon the defenseless government by Republicans, driven by those terrible Tea Party activists.  But [...]

President Obama and his media supporters called the debt-ceiling controversy “broken politics.”   But through the intense debate The People became better informed and aware of the sudden increase in debt caused by Obama’s spending surge. The chart tracks polling results as the White House contrived at least 21 media events over 72 days to [...]

The recent, explosive growth in government debt is the result of Barack Obama’s historic gamble, betting the future of America on his vision of a big, powerful, central government, that controls the private sector economy for the benefit of politically connected business interests,  unions, and the Democratic Party. President Obama stepped to the cameras and [...]

President George W. Bush’s jersey has finally been retired.  The political-media establishment has a new designated bad guy to pin the blame on: tea party activists and the Congressmen they helped elect. During the debt ceiling debate they were called terrorists, suicide bombers, extortionists and hostage takers.  A Google search found dozens of July articles [...]

This article was revised after Congress passed the debt ceiling increase. Have tea party voters turned a mundane function into an unnecessary crisis? Why is there a debt ceiling?  It’s not in the Constitution or the Bible. America has a debt ceiling because politicians find it too difficult to vote against specific borrowing and spending [...]