If you believe the Administration’s math each stimulus job cost the government $222,000. It’s a Washington tradition. Release information the President doesn’t want anyone to notice on Friday evening, especially before a three day weekend. On Friday evening before the July 4 weekend the White House Council of economic Advisers published a report with the […]
The President tries to smear Republicans with a trivial tax break he and his party authored. A visitor from another planet listening to President Obama’s press conferences would get the impression that a “tax break for private jet owners” was a major point of political conflict and a significant barrier to a balanced federal budget. […]
Remember 2007? Was Government too small by 40%? For several days the establishment media hyped the majestic arrival of President Obama to the debt ceiling debate. But after several urgent, crucial, Oval Office Meetings no agreement is even close. Republicans want major spending cuts in exchange for their votes for a debt ceiling increase. Obama […]
As the worst debt crisis in American history appears on the horizon the political establishment shows no urgency about spending cuts. The Treasury Department’s monthly report for the first 8 months of the 2011 fiscal year shows 2011 spending is running 6% above 2010. As the numbers demonstrate, the Obama Administration believes the most urgent […]
President Obama’s deficit narrative is a hoax. In what has become his campaign stump speech he makes a series of assertions that upon scrutiny prove to be baseless and to contradict publicly available data from his own Office of Management and Budget (OMB). He claims that during the Bush years: …we made the [deficit] problem […]
Are Millionaires and Billionaires the Problem? In his speech on government debt last week President Obama sought to exploit the complexity of the tax system to deceive The People. Our previous post debunks his implication that President Bush caused the current debt crisis. Further into his speech he implied that “millionaires and billionaires” were to […]
Critics of President Obama’s deficit reduction speech called it the opening of his 2012 reelection campaign rather than a serious, sober presentation of the problem and proposed solutions. We agree. He began by praising big government for all its varied taxpayer funded functions. He then fixed blame for recent massive deficits and the looming debt […]
There has been lot of bitter disappointment from conservative and libertarian commentators since President Obama and Speaker Boehner announced “The Deal” last Friday night that will cut some $38 billion from 2011 spending. Here are a couple of examples: my good friend over at The-Classic-Liberal and a commentator at RedState. The critics are right that […]
On March 9 the Senate killed HR1, a bill passed by the House that would cut 2011 spending by $61 Billion or 3.7%. On March 10 the Treasury Department published it’s monthly statement, including year-to-date figures as of the end of February, the fifth month of the 2011 fiscal year. In the face of the […]
A month ago the House of Representatives passed HR1, that would fund the government for the remainder of 2011 with paltry cuts of $61 billion. HR1 would reduce the 2011 deficit 3.7% from 1,645,119,000,000 to $1,585,119,000,000. On March 9, HR1 was defeated in the Senate. All Senate Democrats voted “no,” because they thought the cuts […]
