The Simple Math of Obama’s Ponzi Scheme

By: Daniel Horowitz (Diary)  |  September 20th at 12:54 PM  | 

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 »

Obama’s new jobs plan sounds too familiar

By: Dan Spencer (Diary)  |  September 7th at 10:45 AM  | 

How is President Obama going to say anything in his big jobs speech tomorrow night that will make a difference? Apparently he is not. Obama’s new jobs plan looks remarkably like his $830 billion 2009 economic stimulus package. According to Al Hunt the latest Obama job plan stimulus includes tax cuts, infrastructure spending, unemployment benefits extension and direct aid to state and local governments. At | Read More »