Category: Deficits

A Chinese call to end the use of the US dollar as the international reserve currency

Posted on by Terresa Monroe-Hamilton

By: Terresa Monroe-Hamilton NoisyRoom.net “The United States is declining as a nation and as a world power with mostly sighs and shrugs to mark this seismic event. Astonishingly, some people do not appear to realize that the situation is all that serious.” Leslie Gelb, President Emeritus of the Council on Foreign Relations, Foreign Affairs, May/June […]

 

Now, I’m In A Bad Moo-d Too — Evidently Our Navy Is Non-Essential

Posted on by Terresa Monroe-Hamilton

By: Terresa Monroe-Hamilton NoisyRoom.net Well, I didn’t think I could get any more pissed today, but I’m there. First, I hear that Obama has blocked the death gratuity for families of fallen Rangers. But, I was heartened to hear a private foundation stepped up to the plate to help: After families of fallen U.S. military […]

 

Another Pretend Government Shutdown

Posted on by Rachel Alexander

The media is dramatically reporting that the federal government shut down on October 1 – yet hardly anyone has noticed. This is because it is not really a “government shutdown.” If only a few non-essential government functions have been temporarily halted, it is misleading to characterize it as if the entire government has shut down. […]

 

Harry Reid Gets His Jihad On…

Posted on by Terresa Monroe-Hamilton

By: Terresa Monroe-Hamilton NoisyRoom.net Senate Majority Leader Harry Reid has stepped into the governmental breach to take the lead and let President Obama go do more important things – like golf. He will take the reigns of the leadership in the fight over government funding and the debt limit. So, let me get this straight… […]

 

Texas Politician: The State is Preparing To Become An “Independent Nation” If America “Falls Apart”

Posted on by John Hawkins

This isn’t a threat to secede so much as Texas doing due diligence in case the nation goes bankrupt. A prominent Texas politician, who is running to be the state’s next Attorney General, said this week his state is actively preparing to secede from the union and become an “independent nation” if the U.S. “falls […]

 

You Might Be A Democrat

Posted on by Robert Cleveland

You might be a Democrat if you believe… Fighting against government-subsidized contraceptives constitutes a “war on women,” but when Islamists stone a woman to death because she was raped, it is just “cultural differences.” The Second Amendment only guarantees the people’s right to own a musket, yet viewing Internet pornography in a public library is […]

 

Tax, Spend, And Blame

Posted on by Robert Cleveland

President Obama has unveiled his budget proposal (only two months late, but who’s counting?), and he presented it with the same gravity and urgency that informed Americans have come to know and love from Dear Leader.:  Each and every time the president makes the decision to engage in smear tactics to push his next bad […]

 

Is A Balanced Budget In 5 Years Without Raising Taxes Possible? Rand Paul Says, “Yes!”

Posted on by John Hawkins

Barack Obama seems to believe that our country can spend enormous sums that we don’t have, every year, from now until the end of time with no negative repercussions for our country. That strategy has never worked for any country, at any point, in the history of the world and it’s very unlikely it will […]

 

Cyprus May Be The First Nation To Steal Bank Deposits, But It Won’t Be The Last

Posted on by John Hawkins

When a nation is on the verge of having its credit cut off because it’s spent more than it’s taken in for a long, long time, it may be willing to take some truly desperate measures to stay afloat. Cyprus took the unprecedented step on Monday of closing its banks until Thursday as officials scrambled […]

 

It Can Happen Here

Posted on by Michael Fell

For years now, the Euro zone has been experiencing difficulty absorbing the costs of bailing out relatively small countries with relatively small economies that have relatively small amounts of debt. Most recently, Euro zone leaders agreed to fund a bailout of Cyprus with a deal that includes taxing private bank deposits.:  The deal to fund […]

 

Let’s Keep It Real

Posted on by Robert Cleveland

New projections by the Congressional Budget Office show that this could be a record year for federal tax revenue – according to the CBO, the federal government should be bringing in $2.7 TRILLION this year, an all-time record.:  At first blush, one would think this is good news, and a vindication of President Obama’s “balanced […]

 

What We Don’t Need

Posted on by Robert Cleveland

One of the most frustrating thing about the current debate on gun control is the obfuscation and lies that are constantly passed around by the Left. The very idea that the Second Amendment might just be about self-defense, home-defense, hunting, and sport shooting is absolutely ludicrous, yet arguments based on this premise are treated as […]

 

Hooray, Obama Proposes A Replacement Plan For Sequestration!

Posted on by William Teach

I guess David Brooks is wrong: Obama does have a plan. Or at least an outline of a plan. Whether there are any actual details and legislation that can be voted on is unknown. Here’s Jennifer Palmieri blogging for Obama A Balanced Plan to Avert the Sequester and Reduce the Deficit Good thing America doesn’t […]

 

The Dignity Of The Undignified

Posted on by Robert Cleveland

One lesser-known fact about the upcoming Sequester cuts is that it includes a pay cut for Congress.:  This, without a doubt, is a good thing, if only because, despite their near constant bickering about how the other side needs to be more bipartisan, both Houses of Congress have proven to be utter failures during Barack […]

 

Why People And Nations Major In Minor Things

Posted on by John Hawkins

In Victor Davis Hanson’s latest column, he included this gem of a quote, It is a depressing characteristic of government today to loudly enact legislation and impose regulations of little utility, while neglecting to address the root causes of truly serious problems. — Victor Davis Hanson What he’s describing is something that happens both with […]

 

Looking Forward To A Shutdown

Posted on by Robert Cleveland

President Obama’s press conference yesterday showed America just exactly what he meant when he said he would not negotiate on raising the debt ceiling. He will not negotiate. He will take no prisoners. He will accept nothing less than complete and total surrender to his agenda. Once again, the President of the United States seeks […]

 

What Fiscal Cliff? VP Biden, Gov’t Workers Getting Raises

Posted on by Warner Todd Huston

Imagine you are working for a company that is going bankrupt, but everyone you work with and your bosses are getting pay raises. Seem absurd? Not if you work for the failing federal government because President Obama has happily decreed that Vice President Biden, members of Congress and most federal workers are getting raises for […]

 

On Cutting A Deal To Avert The Fiscal Cliff

Posted on by John Hawkins

Here’s the reality of the situation. — The economy is in bad shape and it’s conceivable that going over the fiscal cliff could push it into recession, although nobody really knows one way or the other. — Going over the fiscal cliff is probably the best hope for deficit reduction we’ll have in the next […]

 

FactCheck.org: Obama’s False Jobs Creation Claims

Posted on by Warner Todd Huston

President Obama has lately been touting the amazing claim that he’s created 5.2 million new jobs as President. His fantastic claim is featured in a new TV. But FactCheck.org says, not so fast. Those claims are “inflated,” to say the least. FactCheck notes that the 5.2 million claim is accurate, such as it is. But […]

 

Softening The Blow: NPR Edits Word ‘Tax’ Out of Democrat Debate Performance

Posted on by Warner Todd Huston

Voters do not like taxes. So, National Public Radio in New Hampshire seems to have thought it would be nice to help Maggie Hassan, the Democrat candidate for Governor, by doing a little editing work to take the word “tax” out of one of her answers at a recent candidates debate. The radio folks claimed […]

 

If You Work for Government, You Deserve to be Fired

Posted on by Warner Todd Huston

Yes, that title, If You Work for Government, You Deserve to be Fired, is meant literally. I really don’t care what you do for government I think you deserve to be fired.* In fact, I think that you need to be fired to save this republic. Not only do I want you fired, I want […]

 

Think This Election Doesn’t Matter?

Posted on by Chad Stafko

Those deeply entrenched in politics and individuals passionate about candidates and causes often claim that an election is of profound importance and that the results will have a great impact on our nation. These oftentimes turn out to be unintended exaggerations. However, this election is indeed one of those. We stand at a wide fork […]

 

Mitt Chooses Running Mate: It’s PAUL RYAN!

Posted on by Matt Vespa

The long wait is over. : Mitt Romney has selected Rep. Paul Ryan to be his running mate. : The weeks leading to this moment was beyond stressful for conservatives. : Will Romney go bold and pick Ryan, Jindal, or Rubio— or be boring and select Sen. Rob Portman of Ohio or former Minnesota Governor Tim Pawlenty. : I’ve […]

 

I’m With Rand Paul: Cut That 700 Billion Out Of Defense

Posted on by John Hawkins

7) “Those who can do. Those who can’t form a supercommittee.” – Mark Steyn. After yet another Mexican standoff caused by Democrats adamantly fighting against spending cuts, despite the fact that the country is headed toward bankruptcy, the geniuses in Congress came up with a solution: the Super Committee. The Super Committee is sort of […]

 

Solyndra Republicans, Why the GOP Cannot be Trusted

Posted on by Warner Todd Huston

On Friday, July 20, Politico reported that GOP leadership in the House beat back an attempt by recalcitrant members of their own caucus to continue to quietly support the sort of pork spending that gave us Solyndra in the first place. House GOP leadership has been beating the Democrats up for the pure wasteful spending […]

 

Bernie Goldberg: Media Will Ignore Obama’s Five Major Broken Promises

Posted on by Matt Vespa

The liberal media will make sure to go through the motions and occasionally hit President Obama with some critical points, but they will hold their fire when it comes to addressing five major unfulfilled campaign promises, former CBS reporter and media critic Bernie Goldberg told Fox News’s Bill O’Reilly last night. Given that the latest […]

 

New Silicon Graffiti Video: Where Krugman Has Gone Before

Posted on by Ed Driscoll

Rather than shoot the new video in the newsroom set we typically use as home base, I decided to borrow a used Apollo capsule and Saturn rocket to make my way to Space Station V. What better place to discuss the alien invasion that’s about to strike planet earth? Or at least the one that […]

 

Adieu France, So Long Stability

Posted on by Michael Fell

French Socialist President Francois Hollande’s newly elected government is planning to raise taxes on big companies while deterring businesses from engaging in layoffs by making that process more costly. Hoping to nudge companies into investing rather than paying profits to shareholders, the government plans to impose a new 3% tax on dividends. Other plans include […]

 

I Wouldn’t Reject A 10-To-1 Budget Cuts To Revenue Deal

Posted on by John Hawkins

In an ideal world, we would cut corporate taxes and the capital gains tax to help drive economic growth while we cut government spending to the bone and reformed Social Security/Medicare before we even considered raising taxes. That being said, anyone who thinks we’re going to get out of the spending hole we’re in right […]