Preliminary Analysis of the President’s Budget
According to the CBO, President Obama’s proposals are projected to reduce the federal budget deficit through 2014. That’s the good news. However, the budget deficit “would rise steadily thereafter.” It’s not a very pretty sight. As indicated in the chart below, the hole just keeps getting deeper. Some key highlights of the preliminary analysis from the Director’s blog: –If the President’s proposals were enacted, the | Read More »
Barack Obama – The Middle Class Untruth.
It’s not like, “Oh gravy!” “What’s he lying about this time?” It’s more like which SETS of multiple lies do I start with. While Mr. Mealy Mouth was wowing the kiddies at an elementary school by standing feet above them, looking down his nose at the teleprompters again, Nancy and Harry, with Obama’s direct knowledge and approval, have concocted a complete Rube Goldberg torturing of | Read More »
Obama! Porkuli Maximus – The Mouth Is As Quick As The Hand.
AMAZING. First the increase in spending limits that the Senate Oinkers approved, and which Obama signed on to, has the Larders scrambling for more and more PORK. In the same breath Obama is encouraging banks to issue more risky loans, for which he intends to use TARP money to back up. Once again in clear violation of the law. Our public debt grew by one | Read More »
Who’s Going To Pay the US National Debt?
As I write, the public debt (sometimes called the national debt) of the US stands at $6.3 trillion, roughly 40% of GDP. (You’ve heard many people say that the debt is actually about $10.6 trillion, but that’s fictional, as I explain below.) As we know, the question of who will pay off the debt is an interesting and urgent one. Especially now that, through a | Read More »