The $15 Trillion Super Circus

By: Daniel Horowitz (Diary)  |  November 17th at 08:39 AM  | 

The day has arrived.  Our total debt has surpassed $15 trillion.  At the close of business on Wednesday, the debt stood at $15.033 trillion, and is on the cusp of overtaking our GDP.  Overall, the federal debt has risen $4.41 trillion (41.5%) since Obama took office and $6.36 trillion (73%) since the Democrats took control of Congress in 2007.  Our GDP has grown by only | Read More »

The Supercommittee of Super Insanity

By: Daniel Horowitz (Diary)  |  November 16th at 08:04 AM  | 

As the tumultuous year of 2011 winds down, Congress will be facing a number of crucial budget deadlines.  Aside for the supercommittee deadline to find $1.2 trillion in deficit reduction (over ten years), they must contend with the December 31 expiration of three provisions of the 2010 tax extenders deal; payroll tax cuts, unemployment benefits, and ethanol subsidies.  Now the Washington Post is reporting that | Read More »