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Keyword: nationaldebt

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  • Federal Debt Just Exceeded $19 Trillion: $58,000 for Each Person in U.S.

    02/03/2016 2:41:30 PM PST · by Olog-hai · 43 replies
    Cybercast News Service ^ | February 3, 2016 | 10:18 AM EST | Romina Boccia
    On Monday the U.S. national debt hit a new record: $19,012,827,698,418. This is the first time the national debt has ever exceeded $19 trillion. That's more than $58,000 for each person who lives in the U.S. today (including children). The main culprit behind the rising deficits and debt is growing federal spending--especially among Social Security, Medicare, Medicaid, and Obamacare. Traditionally, Congress has set a limit for how much debt the U.S. may take on, known simply as the debt limit. But rather than put a higher limit on the debt, lawmakers and the president have repeatedly suspended the debt limit,...
  • The National debt climbs above $19 trillion

    02/02/2016 10:14:16 PM PST · by Freelance Warrior · 31 replies
    Washington Examiner ^ | 02/01/2016 | Pete Kasperowicz
    The national debt hit $19 trillion for the first time ever on Friday, and came in at $19.012 trillion. It took a little more than 13 months for the debt to climb by $1 trillion. The national debt hit $18 trillion on Dec. 15, 2014. That's a slightly stepped-up pace compared to the last few $1 trillion mileposts. It took about 14 months for the debt to climb from $17 trillion to $18 trillion, and about the same amount of time to go from $16 trillion to $17 trillion. The federal government has been free to borrow as much as...
  • Obama’s Legacy: Runaway Deficits, Debt And Health Costs

    01/28/2016 2:58:12 AM PST · by IBD editorial writer · 5 replies
    Investor's Business Daily ^ | 1/27/2016 | Staff
    The Budget: When President Obama released his first budget plan in 2009, he called it a “New Era of Responsibility.” What he produced was irresponsibility on a historic scale.
  • National Debt? What’s That? Bernie & Hillary Want to Add to it, Republicans Not Addressing it

    01/20/2016 7:23:51 AM PST · by SeekAndFind · 16 replies
    National Review ^ | 01/20/2016 | Michael Tanner
    Does anyone remember the national debt? Judging from the presidential campaign so far, perhaps we should put the debt's image on a milk carton somewhere. In the last Republican debate, there was precisely one question on the debt -- and the candidates answered it by talking about their tax plans. That was far too typical. According to the FiveThirtyEight website, "the deficit" was mentioned an average of two times in the first five televised Republican debates (including the "undercard" debates) by all the candidates -- and the moderators -- combined. And "the national debt" was brought up an average of...
  • The State of the Nation: A Dictatorship Without Tears

    01/13/2016 8:56:06 AM PST · by Perseverando · 5 replies
    The Rutherford Institute ^ | January 11, 2016 | John W. Whitehead
    “There will be, in the next generation or so, a pharmacological method of making people love their servitude, and producing dictatorship without tears, so to speak, producing a kind of painless concentration camp for entire societies, so that people will in fact have their liberties taken away from them, but will rather enjoy it, because they will be distracted from any desire to rebel by propaganda or brainwashing, or brainwashing enhanced by pharmacological methods. And this seems to be the final revolution.”—Aldous Huxley There’s a man who contacts me several times a week to disagree with my assessments of the...
  • Obama’s First Speech to Congress: We Can’t Pass on to Our Children a Debt They Can’t Pay

    01/11/2016 9:08:33 PM PST · by Olog-hai · 22 replies
    Cybercast News Service ^ | January 11, 2016 | 3:25 PM EST | Terence P. Jeffrey
    In his first speech to a joint session of Congress, delivered on Feb. 24, 2009--a little more than a month after his inauguration--President Barack Obama warned that we have a "responsibility" not to pass on to our children a federal debt they cannot pay. "There is, of course, another responsibility we have to our children," Obama said in that speech. "And that's the responsibility to ensure that we do not pass on to them a debt they cannot pay. That is critical." At this point, a chuckling Obama paused to accept a standing ovation from the chamber. Then-House Speaker Nancy...
  • Obama Preps for Final State of the Union

    12/27/2015 8:54:53 AM PST · by Rockitz · 62 replies
    WeeklyStandard.com ^ | Dec 27, 2015 | Daniel Halper
    Barack Obama is preparing for his final State of the Union Address, which he'll deliver January 12. And the president is not looking to slow down as the end of his presidency nears. "I've got 12 months left to squeeze every ounce of change I can while I'm still in office. And that's what I intend to do," Obama writes in an email to supporters. We've done a lot of remarkable things together this year, and it's because of committed citizens like you that this country keeps moving forward. You keep proving the cynics wrong. On January 12, I'll be...
  • $416,014,000,000: Federal Taxes Set Record in First 2 Months of FY16 […] Still Run $201.1B Deficit

    12/10/2015 5:42:15 PM PST · by Olog-hai · 9 replies
    Cybercast News Service ^ | December 10, 2015 | 3:39 PM EST | Terence P. Jeffrey
    The federal government continued to collect taxes at an unprecedented pace in the beginning of fiscal 2016, raking in a record of approximately $416,014,000,000 in revenues through the first two months of the fiscal year (Oct. 1, 2015 through the end of November), according to the Monthly Treasury Statement released today. In the entirety of fiscal 2015, which ended on Sept. 30, the federal government collected a record $3,248,723,000,000, which worked out to about $21,833 for every person who held a job in the country as of September. The record-setting $416,014,000,000 in taxes that the federal government collected in just...
  • Former U.S. Comptroller: National Debt is $65 Trillion, Not $18 Trillion

    11/10/2015 2:45:28 PM PST · by HomerBohn · 41 replies
    The New American ^ | 11/10/2015 | Michael Tennant
    June, the Congressional Budget Office (CBO) put the U.S. government's debt at a staggering $18 trillion. But according to a former U.S. comptroller general, the actual debt is $65 trillion -- more than triple the official figure -- and it isn't going to improve as long as politicians continue to put their personal and partisan interests ahead of the nation's. David Walker, who served as the head of the Government Accountability Office (GAO) from 1998 to 2008, told John Catsimatidis, host of "The Cats Roundtable" on New York radio station WNYM, that there's much more to the debt than just...
  • $19.6 Trillion Debt Ceiling: Done Deal?

    10/27/2015 6:31:35 AM PDT · by Citizen Zed · 26 replies
    ZeroHedge.com ^ | 10-27-2015 | Tyler Durden
    Last week, when reviewing the next steps in the 2015 version of the debt ceiling "drama" we said that "that the only certain outcome from the melodramatic debt ceiling fight over the next several days, is the following: the US is about to have a brand spanking new debt ceiling, one that should last it until March of 2017: $19,600,000,000,000." Sure enough, with just days left until the November 3rd D-Day when the Treasury runs out of emergency cash and is forced to prioritize debt repayments over government spending, moments ago Politico reported that "congressional leaders and the White House...
  • Sen. Cruz Praises House for Passing the Default Prevention Act (National Debt)

    10/22/2015 6:32:00 AM PDT · by Isara · 7 replies
    Cruz.Senate.gov ^ | October 21, 2015
    We cannot continue to cripple future generations WASHINGTON, D.C. — U.S. Sen. Ted Cruz (R-Texas) today issued the following statement praising the passage of Rep. Tom McClintock’s (R-Calif.) Default Prevention Act in the House of Representatives:“First and foremost, Congress must enact critical reforms to restore fiscal sanity for our nation and reverse the continued upward trajectory of our spending. We cannot continue to cripple future generations. The House took a significant step today in that regard and passed the Default Prevention Act, which ensures that our nation’s debt will be paid in full and on time. “This legislation allows the United...
  • Boehner looking to move debt ceiling bill soon

    10/14/2015 12:41:50 PM PDT · by Alfred O. Bama · 23 replies
    Politico ^ | 10/14/15 | JAKE SHERMAN and ANNA PALMER
    House Speaker John Boehner is looking to move a bill to lift the debt ceiling before he leaves Congress, a tactic aimed at helping his successor, according to multiple sources with knowledge of internal party planning. Timing has not been decided, but the Treasury Department says the nation's borrowing limit needs to be raised by Nov. 5, and Boehner (R-Ohio) would like to resolve the issue before a new speaker is sworn in. Boehner expects to step down Oct. 30. His office declined to comment for this story....
  • The Nation's Budget Outlook Is Worse Than You Think

    08/27/2015 5:24:55 AM PDT · by IBD editorial writer · 16 replies
    Investor's Business Daily ^ | 08/26/2015 | Staff
    Budgets: The bad news is that the country is headed toward $1 trillion deficits in 10 years, according to the Congressional Budget Office. The worse news is that, if history is any guide, this forecast is probably way too optimistic.
  • RANKED: The world's national debts, from safest to most risky

    08/14/2015 6:19:30 AM PDT · by SeekAndFind · 4 replies
    Business Insider ^ | 08/14/2015 | Ben Moshinsky
    Bank of America's Transforming World Atlas has loads of lovely infographics in it, but one of the most colourful is a map of the world's riskiest sovereign debt.The map uses the prices of credit-default swaps, which are derivatives that pay out if a borrower defaults.Here's the map:BAML Sovereign credit-default swaps have been used as a type of insurance against sovereign governments not paying back the money they owe. As with any insurance product, the more expensive it is, the more likely the event you're insuring against will happen soon.
  • Liberal defenders of the poor still fascinated with Scott Walkers credit card debt

    08/04/2015 5:38:33 PM PDT · by SeekAndFind · 23 replies
    Hotair ^ | 08/04/2015 | Jazz Shaw
    I suppose Scott Walker is still polling a little too well for the comfort level of liberal commentators. If that weren’t the case, one wonders if they would still be so obsessed with the financial situation of one of the least wealthy candidates for the presidency. But since this tired story is being whipped up for another lap around the campaign track, let’s check in on the latest financial burdens being discussed around the kitchen table in the Walker household. (National Journal) Gov. Scott Walker has two credit-card debts of more than $10,000 apiece on separate cards and is...
  • Would Americans riot if entitlements were taken away?

    07/17/2015 11:18:42 AM PDT · by MarchonDC09122009 · 106 replies
    Senator Jerry Moran discusses dangers of national debt, and entitlements and warns what's happening in Greece may foretell America's fate. When the Gov't teat runs dry, have a SHTF plan.
  • A Greek Tragedy: Could Federal Debt Turn the United States into Greece?

    07/10/2015 5:37:34 AM PDT · by Kaslin · 19 replies
    Townhall.com ^ | July 10, 2015 | Allen West
    Editors Note: This column was coauthored by Geno Lattus. The perfect formula for financial crisis: Imagine a country that spends more than it makes and continues to borrow to make up the difference, leaving it forever catching up on debt payments because of mounting interest. Another analysis on the Greek crisis? No. The United States is running its government in the same fundamental way as Greece and a meltdown may be coming soon. The Greek Formula. Greece recently defaulted on a $1.8 billion debt payment to the International Monetary Fund (IMF). After borrowing large sums, big bailouts and profligate government...
  • Essay on Labor, Minimum Wage, Taxes, Immigration, Federal Budgets and Train Wrecks

    05/13/2015 12:21:50 PM PDT · by concernedcitizen76 · 3 replies
    Original work | May 13, 2015 | Self
  • Grants Because the Economy Isnt Doing So Well

    04/08/2015 4:06:10 PM PDT · by Sean_Anthony · 1 replies
    Canada Free Press ^ | 04/08/15 | Dr. Ileana Johnson Paugh
    While we keep printing, spending, and giving away billions of dollars like there is no tomorrow, can anybody mathematically comprehend what $18 trillion of national debt means? Does anyone even care anymore? The economy is so rosy, the statistics tell us, we are at what economists call full employment. Full employment is a situation in which everyone who is willing and able to work can find a job. At full employment, the measured unemployment rate is still positive. Economists have argued for years that the full employment number was somewhere near 5 percent unemployment. President John F. Kennedy tried to...
  • The 5 Dumbest Ideas That Have Taken Root In America

    04/07/2015 5:18:06 AM PDT · by Kaslin · 35 replies
    Townhall.com ^ | April 7, 2015 | John Hawkins
    Humans are extremely adaptable creatures; so we tend to quickly acclimate ourselves to our circumstances until they become the "new normal." However, sometimes when you have a hole in the bottom of your boat, it's a better idea to try to address it than to just keep bailing water all day long. For example, here in America we seem to believe that... 1) The only religion it's okay to mock is the most popular one, Christianity: Roughly 80% of Americans are Christian; yet which religion is openly mocked by Hollywood and the mainstream media? Is it Judaism? No, that would...
  • Scott Walker pledges to 'push back' on Obamacare [ethanol, other regs and mandates phased out)

    04/02/2015 1:46:04 AM PDT · by Cincinatus' Wife · 29 replies
    Milwaukee Journal Sentinel ^ | April 1, 2015 | Patrick Marley
    Brookfield Speaking before a conservative audience Wednesday, Gov. Scott Walker suggested he would not allow Wisconsin to set up a health care exchange if the U.S. Supreme Court strikes down a portion of Obamacare. "We're going to push back," the likely Republican presidential candidate said of President Barack Obama's signature health care law. "This president of the United States they've got to come up with a solution....They're going to try to put the pressure on us but we need to put the pressure right back on them." Walker spoke at the Sharon Lynne Wilson Center for the Arts as...
  • House Democrats unveil budget matching Obamas tax increases

    03/23/2015 11:18:17 AM PDT · by Olog-hai · 11 replies
    Associated Press ^ | Mar 23, 2015 1:20 PM EDT | Andrew Taylor
    House Democrats have unveiled a $3.7 trillion budget plan for next year. It mirrors President Barack Obamas call for $1.8 trillion in tax increases on wealthier people and corporations over the coming decade but would add almost $6 trillion to the national debt over that time. [] The plan calls for a wave of new spending for infrastructure like roads and bridges and additional funding for education and medical research. It would make modest curbs on the rapid growth of the popular Medicare program.
  • Debt-Default Crisis 2015: Raise, and Then Raze, the Debt Ceiling

    03/19/2015 9:03:09 AM PDT · by Citizen Zed · 6 replies
    Huffington Post ^ | 3-17-2015 | Victor Williams
    Interest rates will skyrocket, instability will roil the financial markets, the federal deficit will soar and the resulting "catastrophic" harm will last years. That is how Treasury Secretary Jacob J. Lew describes a debt-ceiling breach certain to cause a government default. Uncle Sam will be bankrupt. All national government operations will seize-up. All checks for Social Security, Medicare, Medicaid, veterans, contractors and vendors will bounce. At the stroke of midnight, March 16, 2015, the debt ceiling was again breached. The Treasury Department has begun "extraordinary measures" to forestall the certain default. Jack Lew must rob Peter to pay Paul. He...
  • 5 Things To Know About Obama's $4 Trillion Budget

    02/03/2015 8:01:39 AM PST · by Kaslin · 3 replies
    Townhall.com ^ | February 2, 2015 | Conn Carroll
    resident Obama unveiled his fiscal year2016 budget Monday, a proposal that would spend $3.99 trillion while running a $474 billion deficit. The document will serve as a blueprint for White House policy for upcoming fights with Republicans on immigration, health care, infrastructure, and tax reform.Highlights every conservative should know include:1. Higher SpendingObama's budget wouldincrease spending by $74 billion in 2016 compared to current law, and by $322 billion over the next five years. Federal government spending as a percentage of GDP would rise from 20.3 percent in 2014 to 22.2 percent in 2025.The biggest spending increase items in Obama's budget...
  • Obama threatens stopping paychecks to 143,000 Homeland Security employees

    02/03/2015 7:28:23 AM PST · by drypowder · 70 replies
    Daily Mail ^ | Feb. 2, 2015 | David Martosko
    President Barack Obama claimed on Monday that without a comprehensive budget covering the Department of Homeland Security, more than 130,000 mission-critical employees will be forced to work without pay by the end of the month. They include 40,000 employed by Customs and Border Protection, 50,000 Transportation Security Administration screeners, 13,000 Immigration and Customs Enforcement agents and 40,000 Coast Guard personnel. Pay would be restored at the end of any withholding period. 'I know how vital you are, and I want to make sure more Americans know how vital you are,' Obama told an auditorium full of DHS employees Monday the...
  • When the national debt was zero: An overflowing Treasury bedeviled earlier presidents

    01/08/2015 7:07:53 AM PST · by SeekAndFind · 11 replies
    Washington Times ^ | 01/08/2015 | Thomas V. DiBacco
    On Jan. 8, 1835, the U.S. national debt stood at zero, the first and only time in its history. It was a remarkable turnabout from Jan. 1, 1791, when the federal government was in debt to the tune of $75,463,476.52. But that wasnt the peak amount of indebtedness for the new nation ($120 million), which occurred at the end of the three-year War of 1812. To be sure, President Andrew Jackson, under whose watch the no-debt day was achieved, was jubilant, and a big Washington party overflowed with superlatives, as illustrated by Missouri Sen. Thomas Hart Bentons remarks: The apparition,...
  • They are preparing for you

    12/27/2014 9:45:42 AM PST · by kindred · 41 replies
    conservativenewsandviews.com ^ | December 19, 2014 | Dwight Kehoe
    A wheelbarrow of money to buy a loaf of bread. This is what Obama, with his fiscal cliff plan, threatens us with. For many years now we have heard chilling tales about that elusive, powerful and manipulative entity conspiracy theorists have called The New World Order. Not only have the members of this group managed for the most part to remain anonymous, but their agenda has remained mysterious and obscure. So much so that many good people have been perfectly fine with ignoring its existence or viability. Whether or not this New World Order is in lockstep with World Communism...
  • Politics: Obama and Facebook friends discuss distraction ideas as debt tops $18 trillion

    12/05/2014 3:01:09 PM PST · by EveningStar · 9 replies
    CainTV - Best of Cain ^ | December 5, 2014 | Michael Johnson
    Taco Tuesdays, anyone?
  • The national debt is now $18 trillion. How would you pay it off?

    12/02/2014 9:51:47 AM PST · by SeekAndFind · 79 replies
    Penn Live ^ | 12/02/2014 | By John L. Micek
    So here's a positively eye-watering number: America's national debt (not its deficit, which is something different entirely, so stop confusing them, please) is now a gobsmacking $18 trillion or $7 trillion higher than when President Barack Obama took office in 2008, The Washington Post reports.According to the right-leaning Powerline blog, "41 percent of the national debt of the United States, from George Washington to the present, has accrued during the Obama administration."(In case you were wondering, the 2014 budget deficit came in at a comparably smaller $483 billion, which "[represented]the smallest deficit as a percentage of GDP since the George...
  • The Problem of Pain

    10/21/2014 8:27:27 AM PDT · by Kaslin · 6 replies
    Townhall.com ^ | October 21, 2014 | Barney Brenner
    The problem of pain, to borrow a title from C.S. Lewis, is that with regard to our enormous national debt, there is none. As great an impending disaster as it’s alleged to be, you’d think there’d be signs of suffering. No less a luminary than Rush Limbaugh speaks of his Dad’s warning when Rush was a kid that this immense obligation, only $1 trillion at the time, would be our undoing. Yet now at 17 times that size, it appears just a calamity without a consequence. But the reason for this is simple: we’re engaged in the biggest can-kicking endeavor in...
  • National debt has doubled since financial crisis: Congressional Budget Office

    08/27/2014 9:24:30 AM PDT · by SeekAndFind · 11 replies
    Washington Examiner ^ | 08/27/2014 | BY JOSEPH LAWLER
    The federal debt this year will be double what it was before the financial crisis, Congress official budget scorekeeper projected Wednesday morning. The debt is on pace to reach 74 percent of the countrys economic output by the end of the year, double what it was in 2007 and the highest percentage since 1950, according to the Congressional Budget Office. In its update to its projections for the budget and economy, the agency slightly upped its estimate for the 2014 deficit, which it now expects to total $506 billion, a $170 billion decline from 2013. The federal debt this year...
  • The Era of Spiraling Debt: How Long Will the Scheme Last?

    08/05/2014 7:38:49 AM PDT · by SeekAndFind · 10 replies
    FrontPage Mag ^ | 08/05/2014 | Arnold Ahlert
    To the surprise of absolutely no one, the nation’s debt has skyrocketed during President Barack Obama’s tenure. In a little over five and a half years, the Obama administration has added more than $7 trillion to the total, a number that represents more debt accumulation than the administrations of George Washington through Bill Clinton combined. At the close of business on July 31, the nation’s debt was $17.6 trillion, with $7.06 trillion of it accumulated since Obama was inaugurated in 2009. CNS News offers some gut-wrenching perspective regarding the numbers: As of June, there were 115,097,000 households in the United...
  • Grim Milestone: Current Administration Adds $7 Trillion to National Debt

    08/04/2014 2:53:36 PM PDT · by Kaslin · 7 replies
    Townhall.com ^ | August 4, 2014 | Daniel Doherty
    On July 3, 2008, then-presidential candidate Barack Obama infamously called President George W. Bush unpatriotic, and his polices irresponsible for adding $4 Trillion to the country's "credit card." This was almost more than all other US presidents combined, he argued, and therefore was putting America on a dangerous path to fiscal insolvency. Less than six years into his own administration, however, the president has failed to reverse the untenable course set by his predecessor; and, indeed, is making America's heavy debt burden even worse. CNS News reports: The total federal debt of the U.S. government has now increased more than...
  • Spending and Morality

    07/09/2014 4:32:11 AM PDT · by Kaslin · 7 replies
    Townhall.com ^ | July 9, 2014 | Walter E. Williams
    During last year's budget negotiation meetings, President Barack Obama told House Speaker John Boehner, "We don't have a spending problem." When Boehner responded with "But, Mr. President, we have a very serious spending problem," Obama replied, "I'm getting tired of hearing you say that." In one sense, the president is right. What's being called a spending problem is really a symptom of an unappreciated deep-seated national moral rot. Let's examine it with a few questions. Is it moral for Congress to forcibly use one person to serve the purposes of another? I believe that most Americans would pretend that...
  • Argentina president defies US court order on repayment of debts

    06/17/2014 5:09:22 AM PDT · by Q-ManRN · 24 replies
    Fox News.com ^ | June 17, 2014 | FoxNews,com
    Argentina's president has said that she would refuse to comply with a U.S. judge's order to pay $1.5 billion to winners of a decade-long legal battle over defaulted debt after the U.S. Supreme Court refused to hear her government's final appeal. Delivering a nationally broadcast address Monday night, Cristina Fernandez expressed willingness to negotiate with the winners, but said there is simply no way that Argentina can pay the amount in cash, in full, starting just two weeks from now, which is what the U.S. courts have ordered. Under the U.S. court orders, Argentina must hand over $907 million to...
  • End the Debt Draft

    03/19/2014 11:49:06 AM PDT · by RWB Patriot · 6 replies
    The Ayn Rand Institute ^ | 3-13-14 | Dot Watkins
    Forty thousand dollars. Thats roughly your share of the U.S. national debt. Thats bad, but its nothing compared to the debt the governments going to be racking up in the years ahead thanks mainly to Americas old-age welfare programs. As the Baby Boomers retire, the bill for Social Security and Medicare will grow fast, setting off a debt tsunami. Economists can estimate the difference between how much government is on track to spend and how much it will raise from taxes. They call this the fiscal gap. That number is astronomical: $205 trillion dollars, or more than half a million...
  • 5 Structural Problems That Are Destroying America

    03/15/2014 5:49:12 AM PDT · by Kaslin · 49 replies
    Townhall.com ^ | March 15, 2014 | John Hawkins
    The biggest fallacy in politics is that we need "another Reagan" or more "Tea Partiers" in Congress if we want to save the country. Granted, either would certainly help, but America's structural problems are much bigger than any personnel issues we have in D.C. Even if you're an extremely talented craftsman, you're going to have trouble building a house if the only materials you're allowed to work with are sand and straw. It wouldn't matter if Kobe Bryant, LeBron James, and Kevin Durant were all on the same basketball team if they were only allowed to put three players...
  • Obama's Budget Proposal - Lower Deficit, Higher Debt, Interest Keeps Growing

    03/05/2014 3:55:58 AM PST · by LD Jackson · 8 replies
    Political Realities ^ | 03/05/14 | LD Jackson
    If the news from the past few days hasn't been enough to dampen your fire, try this on for size. Tis the season for budget proposals in Washington. President Obama is the first to reveal what he wants to spend our money on, with Paul Ryan soon to follow. I'll try to take a look at Mr. Ryan's, when he turns it loose, but for now, all we have to go on is what the President has listed as his priorities. My friends, it is not pretty. It's more of the same, really. He wants more infrastructure spending, more education...
  • Boxer: 'Absolutely No Way We're Going to Cut Spending'

    03/03/2014 3:36:56 PM PST · by gooblah · 23 replies
    CNSnews ^ | March 3, 2014 - 11:23 AM | Eric Scheiner
    (CNSNews.com) - While discussing federal spending and transportation funding last week, Sen. Barbara Boxer (D-Calif.) said there is absolutely no way were going to cut spending. Boxer was discussing the Highway Trust Fund with members of the American Association of State Highway and Transportation Officials (AASHTO) in Washington on Feb. 26, when she addressed various tax increases that may be used to raise money for the program. - See more at: http://cnsnews.com/news/article/eric-scheiner/boxer-absolutely-no-way-were-going-cut-spending#sthash.bgvFVlLs.dpuf
  • Even Paul Ryan Can't Please Conservatives Anymore

    01/16/2014 3:15:25 PM PST · by SkyPilot · 78 replies
    National Journal ^ | 16 Jan 14 | Marina Koren
    This week's spending-bill fight revealed deepening fractures within the GOP, spelling trouble for 2016. Imagine the ground is splitting open beneath your feet. The rocking plates of earth slowly spread apart, and you're left straddling both sides to keep from falling in. That is how some of the most publicly visible GOP lawmakers are feeling right now. They must choose whose side they're on: establishment Republicans or the far-right flank. Ultraconservative groups are furious over the omnibus appropriations package that coasted through the Republican-led House on Wednesday. The bill, which would fund the government for the rest of the...
  • In Defeat for Tea Party, House Passes $1.1 Trillion Spending Bill

    01/16/2014 7:14:27 AM PST · by Qbert · 33 replies
    NYT ^ | 1/15/2014 | Jonathan Weisman
    WASHINGTON The House voted overwhelmingly on Wednesday, 359 to 67, to approve a $1.1 trillion spending bill for the current fiscal year, shrugging off the angry threats of Tea Party activists and conservative groups whose power has ebbed as Congress has moved toward fiscal cooperation. The legislation, 1,582 pages in length and unveiled only two nights ago, embodies precisely what many House Republicans have railed against since the Tea Party movement began, a huge bill dropped in the cover of darkness and voted on before lawmakers could possibly have read it. The conservative political action committee Club for Growth...
  • President Obama's Legacy Of Economic Failure

    01/10/2014 10:59:32 PM PST · by Innovative · 18 replies
    Real Clear Markets ^ | Jan 10, 2014 | Wayne Brough
    Since taking office in 2009, it has been tough sledding for the economy. Congress and the administration have increased the federal debt held by the public from $7.5 trillion to $11.2 trillion in 2012. To clarify, in terms of percent of gross domestic product-a measure of the nation's total output-the federal debt has grown from 54 percent of GDP in 2009 to 72 percent of GDP in 2012, according to the Congressional Budget Office. But sector by sector, the administration appears bent on imposing the regulations that thwart entrepreneurial activity and economic growth. ObamaCare, the jewel of Obama presidency, is...
  • The Day the Dollar Dies

    01/06/2014 12:56:44 AM PST · by Yosemitest · 53 replies
    May/June 2013 Trumpet Print Edition ^ | May/June 2013 Trumpet Print Edition | Robert Morley
    The Day the Dollar Dies America’s financial Pearl Harbor is coming December 6, 2015, 3 p.m. HKT, Hong Kong Twenty-one men representing China’s most powerful institutions file into a conference room atop the ICC Tower looming over Victoria Harbor. The Politburo Standing Committee has mustered the CEOs of China’s four largest banks, Sinopec, and several other state-owned multinationals, plus officers from the Central Military Commission and a pair of academics from China’s top technology universities. The general secretary formally opens the meeting.“As you know, the United States of America continues to manipulate its currency,” he begins. “It is devaluing...
  • The National Debt in One Picture

    01/06/2014 7:26:17 AM PST · by IbJensen · 32 replies
    Heritage Foundation ^ | 1/6/2014 | Kelsey Harris
    Congress is beginning its new year with a budget deal that busts right through caps it was supposed to have on spending. At Heritage, we want to hold Congress accountable for its tax-and-spend ways, even as Members claim theres no room to cut. A good place to start is understanding the mountain of debt Americans are already under. Check out and share our infographic below that puts it in perspective.
  • The greatest conceit of mankind (importance of preparedness in uncertain times)

    01/04/2014 4:19:31 PM PST · by Perseverando
    WND ^ | January 03, 2014 | Patrice Lewis
    Welcome to the New Year. The usual platitudes for early January include wishes for greater success, greater health and all-around greater prospects. But we all know our nation faces some bleak times. Our constitutional rights are at an all-time low, and our national debt is at an all-time high. The government is spying on its citizens like never before, and anyone who thinks endless spending (such as QE Infinity) is the way to handle our economic issues is a blind fool. In short, while I wont go so far as to make any dire predictions for what 2014 will bring...
  • Planned Parenthood received $540.6 million in tax dollars, performed 327,166 abortions in 2012

    12/11/2013 11:51:40 PM PST · by huldah1776 · 11 replies
    LifeSiteNews ^ | December 11, 2013 | Ben Johnson
    WASHINGTON, D.C., December 11, 2013 (LifeSiteNews.com) Planned Parenthood performed 327,166 abortions last year while collecting more than half-a-billion dollars from U.S. taxpayers, according to its most recent annual report. The numbers represent a modest decrease from 2011 levels, when Planned Parenthood performed a record-setting 333,964 abortions and collected $542.4 million, or 45.2 percent of its total revenue, from government funding. In 2012, abortions made up 93.8 percent of Planned Parenthoods pregnancy services, while prenatal care and adoption referrals accounted for only 5.6 percent (19,506) and 0.6 percent (2,197), respectively, the Susan B. Anthony List noted in a fact sheet....
  • Thrifty Obamas make do with 24 Christmas trees (down from 54 last year)

    12/11/2013 6:05:16 PM PST · by Perseverando · 24 replies
    Investors.com ^ | December 09, 2013 | Andrew Malcolm
    One of the Obamas' two dozen Christmas trees arrives. You may remember earlier this year that President Obama, in a fit of pique over Congress actually allowing his sequester cuts idea to take effect, had White House public tours canceled to save lunch money. During the later partial government shutdown, he ordered national monuments "closed," even though most are open-air. Now, comes holiday season in the Obama White House. Every president entertains there, though the Obamas showed no shyness about frequent lavish celebrity galas even as millions of fellow Americans struggled during the recession's highest unemployment. Every president decorates...
  • Liberals Claim Obama Has Reduced National Deficit By 50%

    12/08/2013 4:19:46 AM PST · by LD Jackson · 42 replies
    Political Realities ^ | 12/08/13 | LD Jackson
    There are some stories that are just too good to ignore. Time would escape me to write about all the nonsensical lies coming out of liberal land, but this one is really priceless. Thanks to Cry and Howl for pointing me to this piece from a blog that is clearly trying to sell a lie to the American people. It makes the claim that President Obama has reduced the national deficit by 50%. Let me explain why that is nothing but a load of hogwash. The title of the post is "NATIONAL DEFICIT DROPS 50% UNDER OBAMA ADMINISTRATION!". I'll come...
  • Now You Can't Trust Anyone Over 60

    12/06/2013 12:20:57 PM PST · by Kaslin · 14 replies
    Townhall.com ^ | December 6, 2014 | Suzanne Fields
    A gift of days with the extended family stretching from Thanksgiving through Cyber Monday inevitably invites reflection on the fields of folly where we find the rising generations at work and play. Youth, beautiful in its blossoming, arrives with predictable attitude, often illustrated by various piercings and tattoos. They're adolescents forever in search of a way to make the "meaningful" statement, as elusive as the maturity that lies ahead. Babies, naturally, are exempt from criticism, gurgling and sucking their thumbs, blissfully unaware that the Brobdingnags around them are blowing their inheritance on big-government deficits. But as the seniors say, leaving...
  • CLANCY: The power to borrow and the power to go broke

    10/24/2013 8:34:50 PM PDT · by mbj · 6 replies
    The Washington Times ^ | October 23, 2013 | Dean Clancy
    On Oct. 16, Congress gave President Obama a blank check. Thats right. For the next three months, our chief executive will be able to increase the national debt as much as he wants, and as a practical matter, no one will be able to stop him. A newly enacted law, H.R. 2775, temporarily suspends the U.S. governments statutory debt limit and shifts Congress borrowing power to the president. This is a radical and unprecedented delegation of power that should trouble every American.