Today, the Treasury Department announced that Obama will ask for another $1.2 trillion increase in the debt ceiling, carrying our national debt to $16.394 trillion by next year. This will bring Obama’s total share of the debt to $5.77 trillion by the end of his tenure, far more than any other president. Unfortunately, there is not a darn thing we can do about it. Yet, | Read More »
Obama has been running around all day making a fool of himself as he promotes his $40 Social Security tax cut. Yes, the tax plan that will create a new class warfare Social Security Taxable Wage limit in order to accommodate his totally unworkable two-month extension. Obama has even set up a new web page asking people “what $40 per paycheck would mean to you.” | Read More »
Amidst the hype concerning the so-called era of austerity and budget cuts, the national debt is rapidly marching towards the $15 trillion milestone. As of late last week, the national debt stood at $14.94 trillion. For those of you keeping score, that number has grown by $646 billion since the debt ceiling was raised on August 2, as part of the great bipartisan Budget Control | Read More »
We’ve seen this show before. Republicans propose grand ideas to cut spending and implement free-market reforms; they speak ebulliently about their new ideas, and …they summarily scuttle them and cave to the Democrats. Earlier this year, Republicans proposed a commendable plan to end the bipartisan pork fest of surface transportation spending. Instead of continuing the inexorable expansion of transportation spending, House Transportation Committee Chairman John | Read More »
Not surprisingly, Obama doubled down on his message of moral equivalence between Israel and the so-called Palestinians in his UN General Assembly speech. Yes, he tossed out some politically motivated bromides about our deep friendship with Israel, but overall, he continued to view the two sides equally. Obama’s overarching theme was that peace in the Middle East is “so hard” to achieve. He asserted that there | Read More »
Well, 32 months into his presidency, Obama has finally released his jobs and deficit reduction plans. Surprisingly, he is not attempting to obfuscate his true motivation this time. As Obama said yesterday, it is “simple math.” It’s $1.57 trillion in comprehensive tax hikes + $1.08 trillion in non-existent war spending + $430 billion in phantom savings on interest payments + $320 billion in savings from | Read More »
Let’s forget the fact that Obama’s entire Stimulus 10.0 is a counterintuitive proposal that doubles down on the very failures that precipitated this speech. Let’s also disregard the fact that enshrining unemployment insurance as a permanent handout will perpetuate unemployment. And more union-induced, short-term money drops on infrastructure will do nothing but stimulate traffic jams. Let’s focus purely on the very numbers that the administration | Read More »
Earlier today, Barack Obama decried the gridlock that has prevented Congress from passing a long-term surface transportation bill (highway bill) as unacceptable and inexcusable. He also asserted that we must formulate a policy in which funding would be directed to those districts that need it the most, instead of politically motivated pork, such as the bridge to nowhere (which he supported in the Senate). Well, | Read More »
After Labor Day, Obama plans to unveil his highly unanticipated jobs plan. Much like his first jobs plan, this one will include massive stimulus handouts to special interests, prodigal infrastructure spending (as much as $556 billion), unprecedented extensions of unemployment benefits, and more welfare transfer payments. Concurrently, he will inveigh against “rich” job creators and offer a healthy dose of vapid rhetoric regarding regulatory reform. | Read More »
In yet another demonstration of contempt for the rule of law and the separation of powers, the Obama administration has announced that it will no longer enforce our immigration laws. Secretary of Homeland Insecurity Janet Napolitano proclaimed in a letter to the Senate that she will suspend deportation proceedings and grant amnesty to those who ostensibly fit the criteria of the Dream Act – a | Read More »
As Obama travels through America’s heartland on his teleprompter tours bus, he is touting a new plan to create jobs. While he has offered few specifics thus far, Obama is calling for the ratification of the free trade agreements (FTAs) with Columbia, Panama, and South Korea as vehicles for job creation. The rest of his jobs (killing) plan will be released at some later date, | Read More »
There has been much ink spilled trying to determine the best political strategy for Republicans in dealing with the debt ceiling. Throughout the process, many Republicans have ceded ground to Obama by credulously buying into the premise that failure to raise the debt ceiling will spell disaster for the country. Congressman Joe Walsh (R-IL), one of those unvarnished freshmen conservatives, cuts thought the clutter and | Read More »
Imagine for a moment that a pack of strangers – ranging from hooligans to plain homeless – illegally entered your home and started raiding the pantry, stealing your possessions, stuffing up the toilets, and sleeping on your bed. When you call the police to come down and remove them, you are told they cannot assist you because they lack the power to profile the unwanted | Read More »
President Obama has asserted ad nauseam that expanding oil drilling would not affect the price of oil and generate price relief at the gas pump. He has scoffed at the ‘drill, baby, drill’ plan, denouncing it as insufficient in dealing with our “long-term” energy needs. Now that his reelection prospects are beginning to wither, Obama is undergoing a foxhole conversion and easing his aversion to that “addictive” | Read More »
Last month, during his weekly radio address, Barack Obama announced his plans to drill in NPR-A. No-he wasn’t planning to eviscerate his genuflecting media outlet; he was promising to issue more land leases in the National Petroleum Reserve-Alaska. Like most of his capricious gestures to conservative policy initiatives, this promise was vapid of substance and lacking accountability. He knew all along that his unelected bureaucrats | Read More »
At the AIPAC conference on Sunday, Obama continued to propagate his lies and ignorance regarding the history of U.S. foreign policy towards Israel. Undaunted by recent criticism, Obama doubled down on his demand that Israel return to indefensible borders by creating a contiguous Palestinian state. As such, he continued to display his ignorance of the geographical reality that a contiguous Hamas-Fatah state bordering Jordan and | Read More »
-Obama’s domestic stimulus failed so badly in creating job, so he is taking his circus show on the road. He is proposing job stimulus for Hamas, the Muslim Brotherhood in Egypt, and the Al-Qaeda backed rebels in Libya. Talk about Keynesian economics! – Obama doesn’t care if we crack the debt ceiling. He just wants to ensure that Egypt doesn’t breach their debt ceiling. Consequently, | Read More »
Many liberals in the media are expressing shock over Obama’s apparent willingness to increase oil production. We all know that he is full of …, I mean ethanol, and they do too. Those of you who were befuddled at the news that Obama will ‘expand drilling’ in Alaska are not missing anything. Obama has pulled this political chicanery a number of times. Whenever a specific | Read More »
Like no other president in American history, President Obama supports the domineering use of government over every facet of our lives. Yet, when it comes to one of the few core functions of government, like border security and the regulation of immigration, he is suddenly tepid about asserting power. Worse, he uses the power of executive agencies to disregard and subvert immigration laws that were | Read More »
The big news of the day is that Osama is dead as a result of the brave work of our Special Forces and intelligence teams, as well as the Bush administration policies of terrorists interrogations and targeted assassinations. Yes, the very policies that Obama so vociferously opposed for political benefit. President Obama is to be congratulated for disavowing his campaign pledge and continuing those George | Read More »
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