California is back under the spotlight. California representatives are saying they have only enough money in the budget to pay for state assistance until November 2010. What happens if California defaults? Sacramento Bee’s Dan Walters has tried to count total California public debt, including that of local municipalities, and his total reaches $500 billion. Whatever […]
The Los Angeles City Controller said on Thursday the city’s use of its share of the $800 billion federal stimulus fund has been disappointing. The city received $111 million in stimulus under American Recovery and Reinvestment Act (ARRA) approved by the Congress more than year ago. “I’m disappointed that we’ve only created or retained 55 […]
The last few weeks have been a nightmare for President Obama, in a summer of discontent in the United States which has deeply unsettled the ruling liberal elites, so much so that even the Left has begun to turn against the White House. While the anti-establishment Tea Party movement has gained significant ground and is […]
The current occupant of the White House claims to know how to create jobs. He claims jobs have been created. But so far the score is Great Obama Depression 2.2 million lost jobs, Obama 0 — a blowout. Obama is as hopeless, helpless, clueless and bankrupt of good ideas as the manager of the Chicago […]
I hope the White House is paying attention to the latest annual Congressional Budget Office Long-Term Budget Outlook, which offers a truly frightening picture of the scale of America’s national debt, with huge implications for the country’s future prosperity. According to the non-partisan CBO, “the federal government has been recording the largest budget deficits, as […]
WHEN Barack Obama took office last year he was compared to Superman, even joking at a dinner that he had been “born on Krypton and sent here … to save the planet Earth”. Last January he appeared on the cover of Spider-Man. Now, with his legislative agenda in tatters, the president has moved from comic-strip […]
Mr. President, here’s how to lift our economy By Mitt Romney Today’s White House jobs summit comes too late for millions of Americans who through no fault of their own have lost their jobs, their homes, their savings and, in many cases, the self-esteem and self-respect that come from work. Like other presidents before him, […]
By Dr. Paul Kengor President Obama says the economy is the worst since the Great Depression. Actually, it is the worst since the Reagan recession of 1982-83. Further, the 2009 market crash is not the worst since 1929 but since 1987—also on Ronald Reagan’s watch. What did Reagan do—or, more importantly, didn’t do—in response to […]
