Posts tagged as:

federal deficit

Paul Ryan’s Path to Fiscal Sanity

March 21, 2012

During the 1990s, people were concerned with the $4 trillion debt we ran up while winning the Cold War (and after the Democrats reneged on their 1982 promise to reduce spending).  Back then, the debate between the first Republican Congress in forty years and the Clinton Administration was whether our country could balance the budget [...]

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Obama’s 2012 Budget Sham

February 14, 2011

Anyone who’s ever read the George Orwell novel 1984 knows of the concept of Newspeak, a way of using rhetorical tricks to convince people that a lie is true.  Obama has released his 2012 budget proposal, and it is a classic example of Newspeak.  In it, Obama claims to be “cutting the deficit”.  The budget [...]

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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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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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Spendaholic President to Propose “Spending Freeze”

January 26, 2010

President Obama is planning to announce a three year freeze in discretionary spending at the upcoming State of the Union.  The President’s supporters and the mainstream media (Department of Redundancy Department I know) will undoubtedly fawn over the proposal as a return to fiscal responsibility.  They won’t tell the entire story though.  Like so many [...]

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Please Not Another Commission

December 30, 2009

Barack Obama is preparing to portray himself as deficit hawk in 2010 despite spending us into the ground in 2009.  According to the Wall Street Journal, the Administration has floated the idea of a bipartisan commission to make recommendations concerning deficit reduction.  Although such an idea is appealing on the surface, the Journal argues, and [...]

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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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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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