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Boondoggle of a Budget

February 13, 2012

If you knew Obama wasn’t serious, his new 2013 budget proposal should have made everyone laugh!  Unfortunately, times are serious and getting worse.  Obama’s  budget is the typical tax-and-spend liberal swill, bait-and-switch economic reasoning, with pie-in-the-sky projections, which nonetheless still admits over a trillion dollar deficit.  Nothing new. Which is really disheartening since it indicates [...]

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FY-2010 Deficit Skyrockets

December 8, 2009

Fiscal 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 [...]

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Ominous Economic Signs

May 8, 2009

Two 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, [...]

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Taxing the Rich Won’t Cover Our Spending

February 26, 2009

Obama famously said throughout the campaign and again on Tuesday night that no one who makes less than $250,000 will get a tax increase.  At the same time he claims that the budget deficit will be cut in half by the end of his first term. The numbers, however, don’t add up.  Leaving aside the [...]

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Deficits Are Wrong Unless a Democrat Is President

January 6, 2009

Democrats love to whine about increased deficits whenever there is a Republican President.  They did it after they broke their promise to Ronald Reagan that they would cut spending during the 1980s.  They did it in the 2000s when George W. Bush spent like a drunken sailor even though they wanted to spend more.  Now [...]

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