Category: Deficits

Can We All At Least Agree That Only The Right Cares About Reducing Government Spending?

Posted on by John Hawkins

The budget was last balanced during the Clinton years and that produced years of back and forth debates. Democrats claimed that Clinton and the Democratic Party deserved credit for it. Republicans claimed that GOP Congress deserved the credit. Now, we once again have two parties that both claim to want to get spending under control. […]

 

For Crying Out Loud: Taxpayers Forced To Pay for Union Workers’ Coffee

Posted on by Warner Todd Huston

It is absolutely impossible any more to come up with parody about how much government unions are ripping off the taxpayer. Witness the fact that a city in Connecticut is being forced to pay for the coffee and related refreshment supplies of its government union members. Todd Starnes of Fox News reports that the town […]

 

John Kerry Accidentally Explains Why America Is Doomed To Turn Into Greece

Posted on by John Hawkins

Appearing on CBS’s “Face the Nation,” Democratic Senator John Kerry called the House-passed bill “an ideological, extremist, reckless statement.” The size of the cuts in that “ideological, extremist, reckless statement?” 61 billion dollars. The size of our deficit this year? 1.6 trillion dollars. The size of our national debt? 14.196 trillion dollars. So, cuts that […]

 

The Bizarre Nature Of Our Political Discussions About Spending In DC

Posted on by John Hawkins

Consider this, if you will. 1) Spending is one of those areas where “everybody” agrees: The United States government cannot continue spending more money than it takes in. Even Barack Obama has called the way that we’re spending money right now “unsustainable.” 2) We INDISPUTABLY cannot raise taxes on the rich enough to make up […]

 

Defunding Obama’s Union Led Regulatory Army

Posted on by Warner Todd Huston

You might recall that with great fanfare and the slobberingly positive coverage by the Old Media, President Obama made Reagan-like and claimed that he thought it was time to get rid of the regulations strangling American business. Since that time he’s met with businesses and pretended to suddenly be a pro-business, pro-economic growth president. His […]

 

Wisc. and Ind. Democrats: Union Cash Driving Democrats to Run and Hide

Posted on by Warner Todd Huston

With Democrat state legislators in Wisconsin and now Indiana fleeing their states so that they don’t have to do their job — just call them fleebaggers — it would be easy to assume that Democrats are cowards. If not cowards, then petulant children throwing temper tantrums because voters did not give them a power-lock majority. […]

 

GOP Led House Trims Budget By $61 Billion

Posted on by William Teach

Well, it’s not even close to the hundreds of billions we need to cut from the bloated federal budget, but, it’s a start, and the hardest part of the journey is the first step In a rare early morning weekend vote, the House approved an aggressive plan Saturday to eliminate dozens of federal programs and […]

 

ProgressNow Colorado: Cutting Spending? Oh Noes!

Posted on by John Hawkins

Inexplicably, since I’m not a socialist and I don’t live in Colorado, the lefties over at ProgressNow Colorado have added me to their email list for some reason. Here’s their latest whiny missive, Dear John, Here’s a true or false question for you. Do you think Colorado is a great place to live? If you […]

 

Sheila Jackson Lee: “Pepsi Commercial Is Demeaning”

Posted on by William Teach

Good thing our elected officials have their priorities straight Rep. Sheila Jackson Lee (D-Texas) took to the House floor Tuesday night to criticize what she called a “demeaning” Pepsi ad that aired during the Super Bowl. She’s worried about a Pepsi commercial while our federal deficit and debt skyrocket, jobs are still stagnating, costs are […]

 

The New York Times Theory: Conservatives Want States To Go Bankrupt So….

Posted on by John Hawkins

The New York Times has a novel theory. It seems that conservatives actually WANT states to go bankrupt so that we can implement our nefarious agenda! As states groan and stumble through the recession, some politicians are trying to exploit their financial crises for ideological purposes. Many Republicans want to use hard times to fundamentally […]

 

Let’s break out the chainsaws – 5 programs the GOP can cut today

Posted on by Chris Wysocki

I want to give Speaker John Boehner the benefit of the doubt. Really, I do. But it’s hard when he fumbles the gimmes like he did in an interview with Brian Williams of NBC News. WILLIAMS: Name a program right now that we could do without. BOEHNER: I don’t think I have one off the […]

 

2010 Census Says California State Budget is $254 Billion, Not $90 Billion

Posted on by Jane Jamison

Californians have not been told the truth about how much the state government is spending.:  A blockbuster bit of information has been buried in a new U.S. Census report and has not been covered by the mainstream media.: : : This : raises questions about the integrity of:  California’s legislature,:  former Governor Arnold Schwarzenegger, indeed about ANYONE who has […]

 

Note to Jerry Brown: You Want to Cut the Budget? Here’s Where to Start!

Posted on by Jane Jamison

Incoming governor California Jerry Brown is now considering how to plug the $28 billion hole in the California budget.:  There is talk that he is “seriously considering” what to do about Proposition 13 (which he opposed in the 1970s when it was passed) and putting a tax increase before voters in June.: 

 

The Debt Crisis Spreads To Cities And States

Posted on by John Hawkins

The housing crisis that was created by the federal government encouraging banks to make risky loans may have been the immediate trigger to the economic problems we have, but the roots of the issue go much deeper. The fact of the matter is that we’ve spent much more money than we have in this country, […]

 

Illinois to the Elderly: Retire Somewhere Else, Will Ya? Top Ten Worst States to Retire To

Posted on by Warner Todd Huston

Guess which state is the single worst state to try and retire in? Yup. Illinois. TopRetirements.com, a site that tracks the best values for retirees, recently posted its top ten worst states to retire to and Barack Obama’s home state of Illinois tops the list of the worst. California comes up a close second worst. […]

 

San Fransisco Fed. Says Stimulus Was A Huge Waste

Posted on by Jeff Dunetz

According to recovery.gov, the President’s website designed to track the stimulus plan, the $800 Billion plus porkulous bill passed in February 2009 is responsible for 3,348,813 jobs.:  According to a new analysis conducted by the San Fransisco office of the Federal Reserve, the president’s projection is off by only 3,348,813 jobs.:  That’s correct The American […]

 

Expensive, Stupid Public Transit Tricks: San Francisco’s “MUNI”

Posted on by Jane Jamison

San Francisco city government is totally, utterly out of control.:  Shame on California voters for rewarding the dippity-do mayor Gavin Newsom with the Peter Principle promotion to lieutenant governor.:  Newsom’s absentee leadership while campaigning continuously leaves behind a city mired in half a billion in red ink.:  The failure to deal effectively with the city’s […]

 

The Fed’s $600 Billion Dollar Plan For Economic Suicide

Posted on by Jeff Dunetz

Its called quantitative easing, which is just banker talk for devaluing the a currency. Today the Fed is about to work some “black magic.” They are going to create $600 billion dollars out of nothing. It absolutely no different than a corporation vowing to improve its fiscal performance simply by printing a lot of new […]

 

The President’s Presser Proves He Just Doesn’t Get It !!!

Posted on by Jeff Dunetz

On Election Day the American People sent Barack Obama a message, unfortunately he wasn’t listening. During his pres conference yesterday, he looked contrite (actually he looked as if he was passing a kidney stone), clearly he indicated either he didn’t hear, didn’t have a clue, or didn’t care what the voters were trying to tell […]

 

The Best and Worst State Debt Disasters

Posted on by Warner Todd Huston

Forbes created an interactive map where Americans can find out what sort of mess their state is in. All you need do is roll your mouse cursor over your state and get the good … or horrible… news. Forbes finds that the best state is Utah. The debt per capita in the Beehive State is […]

 

Will The Treasury Dept. Turn the U.S. Into A New Weinmar Republic?

Posted on by Jeff Dunetz

Germany in the 1920’s did not “invent” Hyperinflation, they just made it famous. Hyperinflation was first systematically:  documented in Germany. The currency on the left is a relic:  from the Weinmar Republic. It was originally:  a 1,000 Mark currency note, but:  because of inflation, it was re-stamped to make it 1,000,000 Marks. You see:  inflation […]

 

Price of Obamunism So Far: $3,000,000,000,000

Posted on by Dave Blount

Let’s hope liberals enjoyed the warm glow of self-righteousness they got from voting for the unqualified left-wing black guy with the name like a terrorist, because the price tag is astronomical and still rising: New numbers posted [Monday] on the Treasury Department website show the National Debt has increased by more than $3 trillion since […]

 

As Obama Pretends at Its Freedom, His Gov’t Plans Takeover of Internet

Posted on by Warner Todd Huston

In an address to the United Nations on Thursday, Sept. 23, President Obama pledged to preserve a “free and open Internet” and would call out nations that censored content. In a veiled reference to China and other nations that censor the Internet, Obama said that a civil society fosters open government. “Civil society is the […]

 

The Coming Staples Mausoleum/Stadium

Posted on by Warner Todd Huston

Even as supporters claim they won’t need subsidies, it is more likely that L.A. is about to plunge itself forever into debt with a new stadium, the Staples Center. A look at just about any other convention center, or stadium in the country easily shows that these projects seldom pay for themselves as builders insist […]

 

Paul Krugman: You Anti-Government Folks Are To Blame For State/Local Money Problems

Posted on by William Teach

If it’s a day ending in a “y”, it must be a day where an inside the beltway mentality liberal is making an absurd argument, casting blame, naming problems, but, unable to provide any rationale for his/her solutions. Over at Powerline, Paul eviscerates Excitable Matthew Yglesias over Matty’s ridiculous “Summer of Fear” opinion piece in […]

 

Recess missing one key demand from the Obama/Pelosi Led House

Posted on by Heather Bachman

: : : : : : : : : : :  The one thing Obama seemed to pride himself on was that his legislative majority, especially in the house, was behind him.:  When ObamaCare was signed into law, it was called a triumph by many of the liberal Representatives who supported it.:  However, when it came to actually supporting it on their land via health-care […]