President Obama likes to boast about how the budget deficit has shrunk over the past three years; of course he doesn’t mention that it is primarily due to sequestration imposed by Congress in the Budget Control Act of 2011. Now, […] ↓ Read the rest of this entry…
Two months late and in violation of federal law the Obama administration released its long awaited budget. Not surprisingly the release drew strong rebuke from Republicans who described it as a “reheated” plan that simply reiterates past proposed tax hikes […] ↓ Read the rest of this entry…
Everyone who is worried about the government shutting down raise your hands. No, not you government employees; everyone else. What no one is concerned? Good choice. The only time our government isn’t digging the debt hole deeper or trashing our […] ↓ Read the rest of this entry…
Without the first shot being fired GOP members of the House are already waving the white flag of surrender. The House will vote this week to raise the nation’s $16.4 trillion debt ceiling for three months while denying pay for […] ↓ Read the rest of this entry…
President Obama has been traveling around the country telling the GOP to show their hand; and now they have. Monday the House Republicans released their own proposal to avoid sending the nation over the “fiscal cliff” including $4.6 trillion in […] ↓ Read the rest of this entry…
The Congressional Budget Office (CBO) issued a report today stating that if the tax cuts signed into law by President George W. Bush are extended and the current spending spree continues, the federal debut could grow to more than double […] ↓ Read the rest of this entry…
The much-anticipated House GOP budget was released in what is widely believed to outline the battle-lines of the 2012 Congressional and Presidential elections. House Budget Committee Chairman Paul Ryan, R-Wis., announced the new budget in a press conference stating the […] ↓ Read the rest of this entry…
Debt Ceiling Round 3 Just 5 short months from the debt ceiling debacle of 2011, the Obama administration is preparing to ask Congress to raise the debt ceiling by another $1.2 trillion later this week. Since the gamesmanship of last August […] ↓ Read the rest of this entry…
Some folks knew the U.S. Postal Service (USPS) has been heading for bankruptcy for years. Federal employee unions have sealed the fate of USPS by demanding and receiving lavish retirement programs, a no-layoff policy and an antiquated system that hasn’t […] ↓ Read the rest of this entry…
Folks at the White House are probably tidying up their resumes these days as even their bosses have accepted a decidedly pessimistic view of jobs through the presidential election. Thursday the White House budget office forecast that unemployment would remain […] ↓ Read the rest of this entry…