The PayGo Bait and Switch

By: Brian Faughnan (Diary)  |  June 9th at 05:43 PM  | 

Today is a big day for the Blue Dog Democrats. They’ve spent the first 6 months of this administration supine, voting for whatever spending Barack Obama and Nancy Pelosi told them to. As a result, the federal deficit is approaching $2 trillion – with nothing to show for it. All along, Barack Obama has paid lip service to the Congressional budget rule known as PayGo. | Read More »

Whoops… Entitlement Programs Collapsing Faster than Expected

By: Brian Faughnan (Diary)  |  May 12th at 06:19 PM  | 

The Spectator’s Phil Klein alerts us to the release of the Annual Report of the Social Security and Medicare Boards of Trustees. The Trustees have found that due to the recession, benefits paid out are overtaking revenues brought in even faster than projected. The trust funds for these programs will be bankrupt sooner than expected but more importantly, the programs will become a serious drain | Read More »