December 8, 2009Fiscal Year 2009 saw unprecedented spending and unprecedented deficits as a result of the Troubled Asset Relief Program (TARP) and Obama’s Stimulus bill. That, along with a bloated Democrat budget, brought the total deficit for FY-2009 to $1.4 trillion (that’s one trillion, four hundred billion dollars). Divide that up by twelve months, and the average [...]
May 8, 2009Two stories today paint a rather dire picture of the current economic situation. First, jobless numbers were released today, showing the economy losing another 539,000 jobs in April. Since Inauguration Day, the economy has lost 2,585,000 jobs, bringing the unemployment rate up to 8.9%, the highest in over 25 years. The loss of private-sector jobs, [...]
