Tag Archives: Federal Deficit Spending

Deficit Again Expected to Top $1 Trillion

By KRISTINA PETERSON And DAMIAN PALETTA WASHINGTON—The federal budget deficit likely will top $1 trillion for the fourth consecutive year in fiscal 2012 as the economy continues to grow at a sluggish pace, the nonpartisan Congressional Budget Office predicted Tuesday. Congress’s official budget scorekeeper projected a sober outlook in its semi-annual report Tuesday, forecasting that [...]

Posted in Budget, Congress, National Debt, Solid Principles, Wall Street Journal | Tagged as: , , , , ,

More Obama Spending Won’t Do It. And stocks know it

  Larry Kudlow, NRO’s economics editor, is host of CNBC’s The Kudlow Report and author of the daily web log, Kudlow’s Money Politic$. EXTRACT ONLY:  ”What the economy needs, Mr. President, is a strong dose of new incentives, with pro-growth tax reform that flattens marginal rates and broadens the base for individuals and businesses. This [...]

Posted in Barack Obama, Business, Deficit Spending, National Debt, National Review, NRO, Recommended Read | Tagged as: , , , , | Leave a comment

European banks see debt threat in U.S. as well as at home

  The deadlock in Washington over how to avoid a government default increasingly threatens to strike another blow to Europe’s ailing financial system because of the tremendous sum of Treasury bonds and other U.S. debt held by banks across the Atlantic. If the United States defaults and its top-notch credit rating is downgraded, European banks [...]

Posted in Bond Markets, Deficit Spending, Euro Zone, Greece, Overseas Markets, Solid Principles | Tagged as: , , , , , | Leave a comment

Reid: Tea party’s days are numbered

Senate Majority Leader Harry Reid believes the tea party’s days are numbered.   By: Shira Toeplitz POLITICO “The tea party will disappear as soon as the economy gets better. And the economy’s getting better all the time,” Reid said in a pre-recorded interview with NBC’s “Meet the Press,” scheduled to air Sunday. Reid argued that [...]

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111th Congress Added More Debt Than First 100 Congresses Combined: $10,429 Per Person in U.S.

By Terence P. Jeffrey CNS News The federal government has accumulated more new debt–$3.22 trillion ($3,220,103,625,307.29)—during the tenure of the 111th Congress than it did during the first 100 Congresses combined, according to official debt figures published by the U.S. Treasury. That equals $10,429.64 in new debt for each and every one of the 308,745,538 [...]

Posted in 2010 Elections, Congress, Deficit Spending, Democrats, Economy, History, Nancy Pelosi, National Debt, Republicans, Solid Principles | Tagged as: , , , , , , | 1 Comment

There’s No Avoiding ‘Repeal and Replace’

It’s essential for limited government. By: James Capretta   NRO Scores of House and Senate candidates are campaigning on a platform of reestablishing limited government. There could hardly be a more encouraging development for our republic. After decades of legislators’ piling countless new programs on top of old ones, and two years of the most intense [...]

Posted in 2010 Elections, Budget, Congress, Conservatism, Economy, National Review, NRO, Solid Principles, Take Back Congress | Tagged as: , , , , , | Leave a comment

Thousands Show Up At Tulsa Food Pantry Friday

[Editor's Commentary:  Instead of using the news photo that accompanies this article, I have used this 1933 image from our media library to make a point.  If we don't take back Congress this November, I fear this country may be headed for another Depression.  No matter what the polls say this fall, you must vote [...]

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Political Cartoons: Michael Ramirez

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Posted in Congress, Economy, Energy Issues, Investor's Business Daily, Michael Ramirez, Political Cartoons, Solid Principles | Tagged as: , , , | Leave a comment

CNN poll: Majority disapprove of Obama for first time

Washington (CNN) – For the first time, a CNN poll has found that a majority of Americans disapprove of President Obama’s job performance. According to a CNN/Opinion Research Corporation poll released Monday, 51 percent of respondents disapprove of Obama’s job performance and 46 percent ap Obama’s approval rating has dropped steadily each month since December, [...]

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Saturday Night Live Shreds Obama!

This review is all I can find on the GREAT SKETCH SNL did on Chinese President Hu Jintao asking for his country’s money back from the deadbeat Uncle Sam, currently headed by the Tax and Spender-in-chief, Barack Obama. They have a line that was repeated several times, to great comedic effect. I can guarantee this [...]

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