The debt ceiling/deficit reduction debate/crises is concluded. The result? Our nation avoided defaulting on its obligations. A good thing. That and the Congress & President now have the green light to spend a couple trillion plus more over the next year and a half. Not a good thing.
Of course the special “super commission” is supposed to come up with an additional trillion and a half in spending cuts. Cuts both the Congress and the President will have to approve or the triggers dems fear will kick in and automatic spending cuts will occur.
August 7, 2011 | Posted in
Economy |
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by: Les Carpenter Rational Nation USA Birthplace of Independent Conservatism I just love the new phrase that Obama has sold to the faithful, and that includes the lame stream liberal media. Spending, and trillion dollar deficits have been assigned the new official term of investments. Lets get one thing straight…. Obama coined the phrase “investments”, [...]
by: Les Carpenter Rational Nation USA Birthplace of Independent Conservatism I have to chuckle when I listen to the business community and or the governemnt. specially when either talks about capitalism. Capitalism is something our founders understood. For a brief, maybe one hundred years or so following them so did most Americans. They understood what [...]
Daily we see news headlines of an unemployment situation that is only worsening. It is not unusual to see nearly a half a million signing up for unemployment benefits on a single week. People keep asking, “Why doesn’t the government do something about it?” It is a fair question. However, a better question is “What [...]
As the nation quickly approaches the 2010 midterm elections and Tea Party fervor reaches a fever-pitch I ask that you take but a moment to reflect. What – if anything – might change should the Tea Party candidates claim victory and Republicans take back the Congress?…
Recently the Obama Administration navigated another “jobs creation” bill through Congress. Correction, it was a “jobs preservation” bill designed to bailout fiscally irresponsible states that are about to pursue massive layoffs to get their spending back in line. If the Federal government “should” help the states, shouldn’t it be for the important functions that would [...]
I have been seeing several “reports cards” recently by political pundits, policy institutes, journalists and others who are all over the map on how to grade the President’s performance when it comes to the economy. The vast majority are providing rather low scores. I think the highest I have seen was a “C+” by a [...]
September 27, 2010 | Posted in
Economy,
Kevin Price |
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President Barack Obama has consistently defended the quality of the spending that has taken place in the stimulus package. He has repeatedly told voters how impressed he is that there has been so little waste in the spending. “If there has been any waste,” it was “miniscule,” according to the Administration. Senators Tom Coburn (R-OK) [...]
From the AP: LOS ANGELES — Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis. The increase in home repossessions came even as the number of properties entering the foreclosure process slowed for the seventh month in a row, foreclosure listing firm RealtyTrac Inc. said [...]
The Obama administration has continually boasted about the huge savings that the American people would receive from it sweeping health care legislation. What kind of savings is it claiming? The National Center for Policy Analysis states that the Obama government is arguing that the “reform” will reduce “the federal budget deficit by $100 billion over [...]
