Tag Archives: Federal Deficit

Blame Obama For Rising Gas Prices – But Understand Why.

You may have seen those stickers at gas pumps being left by opponents of Barack Obama. The most poignant fact on those stickers is the reminder that when Obama took office in January 2009, the average price of a gallon of unleaded gasoline was $1.78. Today the average price of a gallon of regular unleaded [...]

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What We Need To Understand About President Obama’s Proposed Budget

Everybody is grabbing for sound bites on President Obama’s budget submitted today. Republicans have referred to it as “debt on arrival” and Charles Krauthmammer has referred to it as “worthy of Greece” and “truly scandalous.” Of course they’re all correct, but miss the main point about the budget. Before we get to that point, here [...]

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Cavuto: We Are Broke.

I’m tired of saying it. So, we’ll let my friend Neil Cavuto say it instead. Is anyone in Washington paying attention? Watch the latest video at video.foxnews.com

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Banning Swag Will Save The Republic.

Swag. I never realized the answer to the nation’s fiscal problems was so simple. President Obama today signed an Executive Order which, among other things, prohibits departments and agencies from spending money on swag. For those not familiar with the convention world, or the gift shops in the CIA, EPA, DHS, or other places, swag [...]

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Not Only Do We Not Understand Trillions, We Can’t Do Math.

The National Review does some interesting math calculations from one of the President’s speeches at this week’s fundraisers. President Obama said the following: But last week, we had a separate vote on a part of the jobs bill that would put 400,000 teachers, firefighters and police officers back on the job, paid for by asking [...]

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Stimulus Costs More Than Iraq War, But You’ll Never Hear That In The News.

As President Obama prepares to tie a bow on U.S. combat operations in Iraq, Congressional Budget Office numbers show that the total cost of the eight-year war was less than the stimulus bill passed by the Democratic-led Congress in 2009. According to CBO numbers in its Budget and Economic Outlook published this month, the cost [...]

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Why I Worry We Won’t Reduce Government Spending.

The headlines in today’s news are not encouraging: Treasury Secretary Geithner says jobs created by the stimulus program cost an average $200,000 but were worth it, a super-rich doofus from Google shouts out to Obama at town hall meeting to “raise my taxes,” and Gallup reports that a new survey says half of Americans think [...]

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Obama and the Blame Game.

Watching the reports on President Obama’s speech today after the market went into a free fall, I realized I have Obama Derangement Syndrome (ODS). The affliction previously affected Democrats watching George W. Bush, but seems to have jumped the blood brain barrier to conservatives watching BHO. Seriously, how much more of this do we have [...]

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The Debt Deal – All You Need To Know. And It Isn’t Pretty.

The party is over. The drama ended. So where are we? According to Dan Mitchell of the Cato Institute, only slightly better off than before this deal, but only if you consider how Washington works. In the great scheme of things, we’re not really any better off than before. Here is all you need to [...]

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Perspective on the U.S. National Debt, Courtesy of the Powerlineblog.

The guys over at the Powerline have been running a contest regarding our current fiscal crisis. They write: Our nation faces an unprecedented financial crisis. Every knowledgeable citizen understands that the fiscal path we are on is unsustainable. Indefinite continuation of the status quo is not an option. There are only two possibilities: reform and [...]

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