(CNSNews.com) – Would Senator Barack Obama disagree with the actions and statements of President Barack Obama? That question gets a closer look in the video ‘The Great Debate’. Among the issues touched on is President Obama’s current decision to have the Attorney General’s office on the Defense Of Marriage Act (DOMA). “I told you I […]
Imagine a family that earns $50,000 a year but is spending more than $88,000 with a credit card balance of $330,000. The discussions around the kitchen table are likely to be a little tense. Proportionally, that’s where Washington’s finances are today, and that’s why the national discussion is a little tense, too. Even these figures […]
Boehner Responds to Obama’s Address: ‘The Bigger the Government, the Smaller the People’ In his response to President Obama’s televised address to the nation Monday night, House Speaker John Boehner stuck to his guns, giving no indication he would be willing to compromise with the President on a debt deal. During his address, Boehner asserted […]
Winter has turned to spring and spring has turned to summer, but Congress and the White House are still debating how to handle the limit on our national debt. In the 1830’s, however, President Andrew Jackson set about an even more daunting task: paying the debt off entirely. America accomplished that feat in 1835, and […]
GOP Congressman To Matthews: Obama “Doesn’t Send A Thrill Up My Leg, Chris!” Republican Congressman Joe Walsh didn’t put up with Chris Matthews’ “bullying” on Tuesday, mocking the liberal MSNBC anchor for his effusive praise of Barack Obama. Over the host’s frequent interruptions, the Illinois Representative taunted, “Hey, Chris, your President, who sends a tingle […]
“When a country is indebted to the degree that we’re indebted, the country always defaults. We will default because the debt is unsustainable,” Rep. Ron Paul (R-TX) said on the House floor yesterday. “If we don’t understand this, this default will not be because we don’t send out the checks. We will send out the […]
Though President Obama has run rings about the Republican Party in the debt-ceiling debate, that party can yet emerge victorious, if it will stick to its guns. Clearly, the Republican strategy was not thought through, when the party chose the debt ceiling as the legislative terrain on which to fight its fiscal war. The president […]
The US is indebted mainly to …well.. Americans. Still, foreigners hold about 47 percent of the national debt, with China and Japan owning the biggest chunks, but not the majority. The U.S. owes somebody a whole pile of money. You knew that, right? Years of deficit spending have run up the national debt to a […]
As America’s poorest wait for Social Security checks that may never come on Aug. 3, President Barack Obama will be out celebrating a milestone birthday at a party where tickets cost up to $35,800 each. Obama has chosen the first day of the potential default to throw his 50th birthday bash, combining it with raising […]
It has been said that statesmanship consists of choosing the lesser evil. The European Union believes that another bailout of Greece is the lesser evil compared to debt restructuring, giving creditors only part of their money back or giving it back in full later than was originally contracted. The economic wise men of Europe have chosen to […]
