While the dollar hits a 15 month low, and gold hits an all time high, and the editorial page editor of the Washington Post (no less) is warning: “The bill also could take America a step closer to bankruptcy. And for progressives in particular — for those who believe that government has a mission to help the poor and protect the vulnerable — that prospect | Read More »
The totals below, I am told by the Heritage Foundation, do NOT include the $250 billion extra spending on Medicare to buy off the American Medical Association for their support of the U.S. House bill. The Democratic House Leadership has completely lost touch with fiscal reality. The following is a cut and paste of a media statement by the ranking Republican on the Senate Budget | Read More »
James Pethokoukis (Reuters) cites two examples of why America is well down the road of a banana republic economy. Our record debt levels and deficits, combined the fiscal fantasy land the White House and Congress work and live in are writ large in both examples. First, the White House announces a $250 payment to every senior for inflation that didn’t exist. “In effect, a COLA | Read More »
Desperate men do desperate things, and those who have any doubt just how desperate the Dems are over passing health reform should read the Washington Post editorial that puts the lie to what the White House and Senate Majority Leader Reid are attempting to do — put $241 billion in new health reform spending off-budget. Off-budget is Washington speak for lets-spend-the-money-but-not-count-that-we-are-spending-it. Taking ever so slight | Read More »
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