Posts Tagged ‘Barack Obama’

What Forced President Obama to the Deficit Cutting Table?


Wednesday April 20th, 2011   •   Posted by Craig Eyermann at 7:44am PDT   •   1 Comment

Last Wednesday, months after rejecting his own presidential commission’s recommendations for reducing the U.S.’s record deficits produced by his administration, President Barack Obama finally offered a plan to deal with the nation’s excessive federal budget deficit. He didn’t do it because he wanted to do it or because he genuinely believes it’s in the…
Read More »

The President’s Reversal?


Monday April 11th, 2011   •   Posted by Craig Eyermann at 11:00am PDT   •   5 Comments

How much has the recent debate over federal spending changed things in Washington D.C.? Consider that at the beginning of the year, both the President and the members of his political party believed that any cuts to their previously proposed levels of spending would be unthinkable. After all, it was only two months ago…
Read More »

Pro-ObamaCare Washington Post and CBS Received Money from Obamacare Slush Fund


Thursday April 7th, 2011   •   Posted by David Theroux at 5:37pm PDT   •   0 Comments

Matthew Boyle at The Daily Caller reports in “Washington Post and CBS receiving money from Obamacare slush fund” that key pro-Obamacare media, corporations, and unions have all received funding from the ObamaCare act: Two mainstream news organizations are receiving hundreds of thousands of taxpayer dollars from Obamacare’s Early Retiree Reinsurance Program (ERRP) — a…
Read More »

The BIG FOUR Enter the Discourse of Debt


Monday April 4th, 2011   •   Posted by Emily Skarbek at 7:13am PDT   •   0 Comments

No, I am not referring to the Allied Leaders in WWI, college basketball, or the top accounting firms in the U.S. The BIG FOUR of the Budget are Medicare, Medicaid, Social Security and Defense. Together they make up around 65% of non-discretionary spending. Today, the New York Times and Wall Street Journal are running…
Read More »

Is America Now More a Nation of Takers than Makers?


Friday April 1st, 2011   •   Posted by David Theroux at 2:11pm PDT   •   4 Comments

In a new article for the Wall Street Journal, “We’ve Become a Nation of Takers, Not Makers,” Stephen Moore discusses that “More Americans work for the government than in manufacturing, farming, fishing, forestry, mining and utilities combined.” If you want to understand better why so many states—from New York to Wisconsin to California—are teetering…
Read More »

John Stossel at Fox Business recently hosted a superb one-hour program, “Freeloaders,” that brings up to date another program he did on the same subject at ABC’s “20/20” in 2006. In the new program, he critiques the welfare state in America and takes on major corporations, millionaire entertainers, panhandlers, Indian Reservations, and anyone on…
Read More »

The Risk of Doing Nothing


Saturday March 19th, 2011   •   Posted by Craig Eyermann at 5:48am PDT   •   1 Comment

Bloomberg BusinessWeek has identified the biggest risk in continuing today’s levels of deficit spending for the U.S. government: Barack Obama may lose the advantage of low borrowing costs as the U.S. Treasury Department says what it pays to service the national debt is poised to triple amid record budget deficits. Interest expense will rise…
Read More »

Obama Understates U.S. Government Deficits by $2.3 Trillion


Friday March 18th, 2011   •   Posted by David Theroux at 5:59pm PDT   •   1 Comment

The Associated Press reports that the Congressional Budget Office (CBO) questions the claims of the Obama administration regarding projected budget deficits over the next ten years in which the White House overestimates tax revenues and savings from Medicare payments to doctors. A new assessment of President Barack Obama’s budget released Friday says the White…
Read More »

CBO: Jobs from Federal Government “Stimulus” Cost on Average $228,055 Each


Saturday February 26th, 2011   •   Posted by David Theroux at 5:15pm PST   •   2 Comments

Matt Cover at CNSNews.com writes that the Congressional Budget Office (CBO) has just issued a new report, “Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from October 2010 Through December 2010,” that indicates that: The jobs created and saved by the economic stimulus law that President Barack Obama…
Read More »

Obama’s 2012 Budget: $1.5 Trillion in New Taxes Over Ten Years?


Thursday February 17th, 2011   •   Posted by David Theroux at 12:18am PST   •   3 Comments

Ryan Ellis from Americans for Tax Reform reports that President Obama’s proposed budget for fiscal year 2012 will create $1.5 trillion in new taxes over the next ten years. President Obama released his budget this morning. Rather than focusing on Washington’s over-spending problem, the budget calls for higher taxes on families and small businesses…
Read More »

Facebook Twitter Youtube

Search MyGovCost