(CNSNews.com) – Federal Reserve Chairman Janet Yellen, referencing the Congressional Budget Office’s long-term budget projections, told the Joint Economic Committee of Congress today that under current policies the federal government’s deficits “will rise to unsustainable levels.” In the 10-year budget projections it released in April, the CBO estimated that the federal government will run $7.618 trillion […]
Now under Republican control Wisconsin Goes From $3 Billion Deficit to a $300 Million Surplus. Over the past six months, Wisconsin has been nothing short of a miracle. Newly elected Governor Scott Walker and the Republicans in the majority in Madison got just about everything they wanted during the past legislative session, and a state […]
Representative Steny Hoyer (D-MD) told C-SPAN’s “Newsmakers” programs that some Democrats are supportive of and will vote for a $9 billion cut in the federal food stamp program known as SNAP (the Supplemental Nutrition Assistance Program). “If that is the figure, and if other matters that are still at issue can be resolved, I think […]
Bill Whittle gives us an overview of the Obamacare debacle in 2013, and takes an acerbic but clear-eyed view of what lies ahead in 2014 and beyond: [youtube FTEbvh90iXI nolink]
The Federal Reserve announced Wednesday it would start to taper its aggressive bond-buying program to $75 billion a month beginning in January, propelling the market to a record close. The FOMC also announced it would lower its monthly long-term Treasury bond purchases to $40 billion and mortgage-backed securities to $35 billion a month, both reductions […]
During 2013, America continued to steadily march down a self-destructive path toward oblivion. As a society, our debt levels are completely and totally out of control. Our financial system has been transformed into the largest casino on the entire planet and our big banks are behaving even more recklessly than they did just before the […]
In the next 31 days—starting today—the budget conference committee will try to accomplish something Congress has failed to do for the past four years… Agree on a budget. But not just any budget. This one needs to tackle the key driver of spending and debt: entitlement spending. Think of it this way: Our house is […]
This president having no shame, and dong what he pleases to fast-track the United States into bankruptcy Obama pathetically spend so much on Thursday that on that day alone the debt increased by some $300 billion dollars. It was the first day the federal government was able to borrow money. Obama wasted no time in […]
President Obama boasted last week that he had signed legislation to lift “the twin threats” to our economy of government shutdown and default. But what was done to fix the problem of growing debt that leads Washington to repeatedly raise the debt ceiling? Nothing. In fact, by Friday, the U.S. debt had rocketed past $17 […]
(CNSNews.com) – There is a “bright side” to the failed Republican effort to protect the American people from Obamacare, Rep. Steve King (R-Iowa) told Fox News’s Megyn Kelly Wednesday night. He spoke after Congress passed a deal ending the government shutdown, raising the debt limit, and commencing bipartisan budget negotiations. “I think we’ve identified 20 […]
