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Super Committee, Epic Failure

November 21, 2011

The so-called “super committee” to deal with debt reduction admitted today that they are not going to make their artificial deadline to cut over $1 trillion from the budget over ten years. No surprise here.  This whole super committee concept was never intended to work, but to punt.  And after the punt is the fodder [...]

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Raw Deal on the Budget

April 9, 2011

The government didn’t shut down last night, but this morning I don’t feel any better.  In fact, I feel worse about the future prospects for a serious conversation and action on the crippling levels of government spending we cannot maintain yet continue to be engaged in. So, with $38.5 billion in cuts (allegedly saving the [...]

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How’s Your Cowboy Poetry?

March 8, 2011

Now I completely understand why it’s sooooo hard to cut anything from the federal budget which is sporting a ridiculous deficit of $1.6 trillion this year.  Senate Majority Leader Harry Reid explains why some projects just can’t be cut: Really?  We’re doomed.

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Cutting Spending by $100 Billion

February 10, 2011

The GOP in the House is now determined to cut $100 billion from the continuing resolution that needs to be passed to keep the government going.  This is after heavy tea-party lobbying, which succeeded in getting the GOP to raise their planned cuts from approximately $75 billion to $100 billion in order to keep a [...]

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Boehner vs. the CBO

January 6, 2011

I like how the Republicans are not getting the kid-glove treatment from anyone these days — it’s straight to the knives!   The symbolic move to repeal Obama Care is getting some on guard.  The CBO (Congressional Budget Office) scored the projected cost of NOT spending over $1 trillion over ten years for six years of [...]

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The “Public Option” Still Lurks

July 23, 2010

Of course, when Tom Harkin called the Obama Care monstrosity merely a “starter home” we all knew the push for the public option and ultimately the statist goal of a single-payer system would not be too far behind.  Well, here it is:  about 130 Democrats have put their support behind adding a public option to [...]

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Credit Default Swaps on Treasuries Becoming Hot Commodity

February 23, 2010

Credit Default Swaps on U.S. Treasuries are rising in price and becoming a hot commodity.  Credit default swaps are essentially insurance against default.  They are typically purchased against other countries’ debt, not the debt of the United States.  Investors are getting nervous about the unsustainable $14 trillion debt and $1.9 trillion annual deficits, and are [...]

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The Obama Administration Exploring the Nationalization of 401ks

February 22, 2010

We all know that the Obama administration and the Democrats in Congress are spending this country to insolvency.  With the record deficit of the last year, the increase in programs in this year’s whopping $3.9 trillion budget, and the lack of growth in the private sector to produce revenues, the government is going deeper and [...]

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Deficit for FY-2010 Clocks in at $430.69 Billion

February 17, 2010

The Federal Deficit has clocked in at $430.69 billion through the first four months of FY-2010 (the federal fiscal year starts in October).  If the deficit continues on this pace, it will clock in at $1.29 trillion, although it is expected to clock in even higher at $1.59 trillion (I guess the government is going [...]

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Obama’s CBO Headache

October 7, 2009

Why can’t the Congressional Budget Office (CBO) just go away for a few months?  Don’t they know that the Chosen One, Our Dear Leader, the Most Beneficent Barack Hussein Obama (mmm, mmm, mm) wants to fundamentally transform this nation and to do that he must have free reign in all areas, without criticism and with [...]

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