By Craig Steiner Time and time again, anyone reading the mainstream news or reading articles on the Internet will read the claim that President Clinton not only balanced the budget, but had a surplus. This is then used as an argument to further highlight the fiscal irresponsibility of the federal government under the Bush administration. […]
A study released today by Charles Blahous, one of two public trustees of Medicare and Social Security, once again shows that Obamacare increases federal deficits and significantly worsens the nation’s fiscal outlook. According to the study’s most optimistic scenario, the health law will increase federal spending by $1.16 trillion and increase the deficit by $346 […]
Who is responsible for the current economic malaise? If you ask Bill Whittle, it’s Obama’s pals like David Axelrod, Harry Reid and Tim Geithner, some of the many Merchants of Despair. These merchants are costing taxpayers trillions and creating deep national divides based on class and race. [youtube Y-FGgoReyNE nolink] See more at pjtv.com
Last week, the Senate Budget Committee Republican staff released a report revealing that, over the next 75 years, Obamacare will add an additional $17 trillion in unfunded obligations—i.e., the benefits promised by the federal government that haven’t yet been paid for. Before Obamacare, federal programs were already responsible for racking up 75-year unfunded obligations of […]
By Peter Ferrara on 12.28.11 @ 6:08AM How easily his great and solid conservative achievements are forgotten. He led us to victory before. Spectacular, historic victory. The strategy and content of his 1994 Contract with America propelled the Republicans to a 54-seat gain in 1994 to win control of the House of Representatives, which had […]
At the EU summit meeting in Brussels on Friday, all countries in the union, with the exception of the United Kingdom and the Czech Republic, signed a fiscal governance pact that would compel the signatories to incorporate the principle of a balanced budget into national law. Countries that flouted the rules and ran up a […]
The Greek Parliament was ringed by firebombs, and a venerable movie theater was left a blackened shell. The Greek Prime Minister Lucas Papdemos appealed to the parliamentarians to vote for the severe austerity measures including a 22 percent cut in the minimum wage, an axe to pensions and firings in the civil service. He warned […]
President Obama’s new national defense strategy is a budget-driven exercise masquerading as a strategic plan, writes Heritage’s Kim Holmes, former Assistant Secretary of State, in The Washington Times. In trotting out the new strategy, President Obama said the “tide of war is receding.” Accordingly, U.S. forces will “no longer be sized to conduct large-scale, prolonged […]
The Treasury Department has begun maneuvers to avoid hitting the debt ceiling, as the Obama administration waits for Congress to return from the holiday break before it can raise the federal borrowing limit. The U.S. government was just a hair below the $15.194 trillion debt ceiling on Tuesday, $25 million shy of the limit Congress […]
Last week, the independent California High-Speed Rail Peer Review Group recommended that the state legislature not proceed with funding the proposed Los Angeles–San Francisco project. Its argument was grounded in concerns about “the California High-Speed Rail Authority’s plan to start construction without any assurance of future funding from the federal government,” according to The Wall […]
