Video: First Obamacare Vote Adds $247 Billion to Debt
“It’s very telling that the first vote that we’re going to make on health care, Neil, is to add a quarter of a trillion dollars... Read More The post Video: First Obamacare Vote Adds $247 Billion to...
View ArticleDr. Strangling Debt: Or How I Learned to Stop Worrying and Love $1.4 Trillion
[youtube]http://www.youtube.com/watch?v=JxQgqqnpxo4[/youtube] The post Dr. Strangling Debt: Or How I Learned to Stop Worrying and Love $1.4 Trillion appeared first on Daily Signal.
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Why China is Not an Economic Threat to the United States
Recent reports of China’s economic growth contrasted with the U.S. economic downturn have left Americans increasingly concerned that China is becoming a new superpower, controls American finances and...
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What’s the President’s Weapon of Choice for America’s Economic Decline?
When it comes to spending, President Obama’s proposed budget for 2011 takes fiscal irresponsibility to Greece and beyond. Ernest S. Christian and Gary A. Robbins, both former Treasury tax officials,...
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Hoyer Makes it Official – Congress Shuns Budget Duties
The term ‘fiscal responsibility’ is en vogue in Washington these days. Lawmakers have been quick to claim they will tackle the federal government’s impending financial crisis, a claim showcased by...
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Can You Call it ‘Social Security’ if it’s Built on Nothing but Monopoly Money?
Social Security faces the serious danger of failing to live up to its name due to its unfunded obligations. Last week, the Social Security and Medicare trustees issued their report on the fiscal...
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Senator Predicts Court Challenge If Obama Uses 14th Amendment for Debt
Sen. Ron Johnson (R-WI) today predicted lawmakers would take President Obama to court if he deemed the debt ceiling is unconstitutional under the 14th Amendment. Liberals have floated the desperate...
View ArticleVIDEO: Sen. Mike Lee Says Obama’s Jobs Plan Will Make Problem Worse
Sen. Mike Lee (R-UT) came to Washington as the a tea-party conservative with the goal of fixing the economy, addressing the debt crisis and curbing the growth of the federal government. It’s an uphill...
View ArticleMorning Bell: The Debate Over China
Want to hear something disturbing? China has increased its defense budget by double digits every year for the last 20 years. Just as China seems to be gearing up for some undefined enterprise, the U.S....
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U.S. Debt Hits $16 Trillion
Today, the U.S. debt clock hit $16 trillion. Compare that to the end of 2008, just days before President Obama officially took office, when the total federal debt was short of $10 trillion. That’s a 60...
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Morning Bell: $16,000,000,000,000
Yesterday, the U.S. national debt passed $16 trillion. On President Barack Obama’s watch, the debt has increased by 50 percent, as campaign promise after campaign promise has drowned in a sea of...
View ArticleMorning Bell: 10 Facts on the Fiscal Cliff, Debt, and Spending
Budget policy in 2012 was characterized by deficit spending, major increases in the national debt, and a heated debate over the “fiscal cliff.” With just days left for President Obama and lawmakers in...
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Chart of the Week: Growth of Government Assistance Adds to National Debt
More than 41 percent of the U.S. population is “enrolled in at least one federal assistance program,” adding tens of billions of dollars to the national debt each year, according to new research by...
View ArticleMorning Bell: Why Should I Care About the U.S. Debt?
You’re busy. So busy you barely have time to read these words. So why should you care about the us debt? Does it affect your life? Unfortunately, high government debt is having more of an impact on...
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Senate Budget Tax Plan: Slowing Opportunity for Americans to Grow Income
Chris Maddaloni/CQ Roll Call/Newscom Senator Patty Murray’s (D–WA) budget tax plan directly calls for $975 billion in new tax increases over the next decade. Indeed, the Senate budget is only a...
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Temporary Debt Paydown Just a Drop in the Bucket
Newscom Reports that the federal government will put a little bit of money toward the massive federal debt for the first time in six years make for an interesting tidbit, but Washington’s spending and...
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Will the Currency Zombie Eat the Trans-Pacific Partnership?
KIMIMASA MAYAMA/EPA/Newscom Currency manipulation is the issue that never dies. No matter how many times the link between exchange rates and American jobs is shown to be tenuous, the matter rises again...
View ArticleHurrah Too Soon: White House Budget Revision Shows $759 Billion Deficit in 2013
The President’s Midsession Review, released this week, projects the 2013 deficit to be lower by $214 billion compared with the earlier Obama budget estimate released in April. But any hurrah would be...
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Moody’s: Further Deficit Reduction Needed to Maintain Stable Outlook
RICHARD B. LEVINE/Newscom Moody’s changed the outlook on the U.S. credit rating from negative to stable this week, citing improving deficits. While this is good news, policymakers should curb their...
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Sequestration Helps Force Needed Spending Cuts and Enables Private-Sector Jobs
Newscom The Congressional Budget Office (CBO) released a letter this week describing how canceling sequestration in 2014 would affect the economy. The CBO dutifully plugged the numbers into its...
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CBO Report’s Facts Speak Louder Than Obama’s Spending and Debt Crisis Denial
The release of today’s Congressional Budget Office (CBO) report on the long-term budget outlook sends one message loud and clear: The U.S. spending and debt crisis is only getting worse. U.S. public...
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Without Reform, Entitlement Spending Poses a Default Risk
Newscom The Obama Administration argues that failure to raise the debt limit would lead to a default on federal debts, causing unacceptable harm to the economy. But the President has ample discretion...
View ArticleA Path to Balance in Five Steps: What to Look for in the Ryan Budget
The House Budget Committee will deliver its budget resolution—which would eliminate the deficit within 10 years—ahead of Congress’s statutory deadline of April 15. The Senate, on the other hand, has...
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CBO Affirms What We’ve Known All Along: Reducing National Debt Will Grow the...
Newscom House Budget Committee Chairman Paul Ryan’s (R–Wis.) steps to reduce the budget would help boost economic growth. Ryan’s 2015 budget proposal contains more than $5 trillion in savings over 10...
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