The Debt Deniers wage a rebellion in Wisconsin. Bring it. Wisconsin unions rebel at the notion, that they, like every other American must contribute to their own retirement. They cry because, like every other American, they may have to pay a percentage of their own health care. Who is out of touch again?
President Obama suddenly is a friend to business, so says he. No one buys it, including Senator Ron Johnson, the new Republican Senator from Wisconsin. Senator Johnson came from the business world. He is clearly appalled at the deficits and debt hobbling the American economy. He was also dismayed by the President’s lack of leadership. This interview seems especially prescient considering the massive budget the | Read More »
From Citizens United, the latest 800 Pound Gorilla video: President Obama’s fiscal year 2012 budget ignores the 800 pound gorilla in the room – our $14,000,000,000,000.00 national debt. Consider this an Open Thread.
President Obama offers deficit reductions of a woefully inadequate $400 billion over ten years as he continues his ”trillion-dollar deficits for years to come.” In this week’s edition of his, or rather “Your Weekly Address,” President Obama claims he is ”proposing a new budget that will help us live within our means”: My budget freezes annual domestic spending for the next five years – even on programs I | Read More »
“I am sorry that I’m the guy that has to be here at the time when the party’s over.” That’s a quote from Governor Chris Christie in response to a state employed police officer who was angry at potentially losing future raises as well as being asked to contribute more to his health benefits in order to close huge budget deficits in New Jersey. The | Read More »
Tonight the President delivers his State of the Union Address to the nation. This annual event brings representatives from all three branches of government into the Capitol at the same time. But there is another figure looming that has been ignored for far too long. The national debt – currently at $14 trillion and counting – is the 800 pound gorilla in the room. There | Read More »
From the diaries by Erick The Republican Study Committee, the conservative House caucus, released a bill this week to cut $2.5 trillion in spending over the next 10 years. This plan, which is summarized in a two page document, includes cuts in specific Obama programs, as well as the elimination of old programs and subsidies. The main objective of the RSC plan is to pass | Read More »
This election the American people said enough is enough. That message was loud and clear. — Senator-elect Marco Rubio Senator-Elect Marco Rubio gets it. In today’s Weekly Republican Address, Senator-Elect Rubio talks about what the Republicans must do to get the country headed back in the right direction: Govern as public servants who understand that re-election is simply a byproduct of good public service and | Read More »
This is a stunning indictment from the leader of one of America’s most successful technology companies: Unless government policies are altered, he predicted, “the next big thing will not be invented here. Jobs will not be created here.” The U.S. legal environment has become so hostile to business, Otellini said, that there is likely to be “an inevitable erosion and shift of wealth, much like | Read More »
Our national strength does not come from bailouts and government spending. It comes from a free enterprise system and the hard-working honest citizens who make it run. — Pat Toomey In this week’s Weekly Republican address, Republican Senate candidate and former Representative Pat Toomey talks about the wasteful and extravagant spending of the Democrats’ extreme agenda. Toomey succinctly lays out the problem Obama and the | Read More »
The G-8 and G-20 meetings in Canada were remarkable in historic terms. European governments criticized the United States for being spendthrift. Brazil provided political cover to the US on behalf of the developing countries. This has been a consequence of something truly remarkable happening in Europe. Keynsianism has lost in Europe. There is no political support for it. And Barack Obama got hit in the | Read More »
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 »
According to Forbes Magazine, the Obama administration is overestimating the number of homeowners who will be helped by their mortgage plan. Instead of helping 9 million homeowners as Obama claims, the greatest number that could be helped is closer to 5 million: President Barack Obama plans to spend $275.0 billion to rework or modify up to 9.0 million troubled American mortgages, but his program isn’t | Read More »
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