Where public policy meets common sense
Posted in Deficit, National Dems on Nov 23rd, 2011
When I think about the fact the national debt crisis is the most avoidable crisis since Y2K, our avoidance of it makes me sick. Our national debt has officially exceeded 100% of GDP and reached 15 trillion dollars. Americans have been fed a line that Republicans refuse to work with Democrats. Tea Party Republicans are intransigents and would [...]
Posted in Deficit, Delaware Democrats, Delaware GOP on Nov 8th, 2011
What is behind the half of billion dollar OOPS that turned a surplus into a deficit in 4 short months? Read the entire report here. A State budget deficit already?! The Delaware Economic and Financial Advisory Committee (DEFAC) met on September 19th and the news isn’t encouraging.
Posted in Deficit, Marco Rubio on Sep 26th, 2011
Politically speaking of course, and here is one reason.
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Posted in Deficit, Obama, Tea Parties on Aug 12th, 2011
Obama refuses or is incapable of leading and instead has decided to play the, “blame game.” After wearing out his welcome with the American people by blaming Bush for all his woes, he has chosen a new target, the Tea Party. Obama’s lack of any presidential quality in handling the debt crisis shows just what [...]
If the U.S. loses its AAA, then analysts have asked why not France and Britain? France is said by S&P to be in the danger zone. Britain was on that path just a year ago, but the new Conservative government has made tough reforms that even a American Tea Party faithful would love. It is [...]
I hate to agree with Red China, but our largest creditor warned us about this two years ago. They are just plain correct though some parts of their solution are self serving. Obviously China would love international supervision of the dollar. That is a nonstarter. They are just salivating over defense cuts. Some are inevitable, but we [...]
The markets around the world went up because Italy proposed to deal with its debt woes for real. Please respect FT.com’s ts&cs and copyright policy which allow you to: share links; copy content for personal use; & redistribute limited extracts. Email ftsales.support@ft.com to buy additional rights or use this link to reference the article – [...]
Posted in Deficit, Tom Coburn on Aug 1st, 2011
Here is the man with real solutions to the real problems. The real problem in America is a corrupt ruling party. When President Obama, Senator Reid, and company refused to consider real solutions, they showed that they are 90% of the problem. Let’s not pretend both parties are to blame. Republican leaders scored a victory [...]
Has America been sold out by an agreement by Democrats and Republicans’ inability to do the right thing. Democrats stalled and brought no bill to the floor and Republicans fought tooth and nail to stop spending, while not raising the debt ceiling. It would seem to this American taxpayer that America has been sold a [...]
Posted in Deficit, Glen Urquhart, Guest Posts on Jul 25th, 2011
“ADULTS” Face Their SPENDING-ADDICTION, They Don’t “COMPROMISE” With It The President should be the “adult in the room, not just talk about. His government spends too much — 25% more than Bush. Credit rating threats, and Debt Ceiling limits are the symptoms. The disease is overspending. He must face that hard fact. Politicians overspend [...]
Why is it when the President’s commission proposes changes to entitlement programs, they are courageous, but when Paul Ryan and company dials them down, they are trying to end Medicare? Did you know that the Ryan proposal is actually a take off from Alice Rivlin, Clinton’s economic advisor? I haven’t studied the details and frankly have [...]
Former Fed Chairman Alan Greenspan who led 20 years of economic growth with only minor bubble clearing downturns, endorsed the Ryan budget. If you read some headlines this week, you would think that he endorsed raising taxes on the rich back to Clinton levels. The fact is that he said he would support that only [...]
Congress will raise the debt ceiling soon because it has to. That decision was made whether they admit it or not when they did not make larger cuts in the continuing resolution to keep the government going. You cannot go cold turkey anyway. This will mess took 80 years to get into and will take [...]
Posted in Conservatism, Deficit, Spending on Apr 5th, 2011
After years of talk about a new culture in Washington, it has finally happened. The third party on Capitol Hill, Washington’s gray-haired conservatives used to grumble, was the “Appropriators Party” — an autonomous, bipartisan bloc of obdurate spenders and shameless porkers who marched in lockstep with their committee leaders and were rewarded with the choicest [...]
Posted in Deficit, National Dems, economy on Mar 19th, 2011
During my morning devotions I happened to read The Song of Solomon chapter 6 and verse 11 speaks of the Garden of Nuts. For some reason, my mind went to the U. S. Senate. Could it be because the U. S. Senate has yet to pass a budget or even a permanent funding resolution (CR) [...]
If you have no water, you die. If you are immersed in water too long, you die. The same is true of government spending and debt, but some refuse to understand that too much is not good. While many of us wish Social Security was better designed, overall it is an example of successful spending. It [...]
Posted in Deficit on Mar 7th, 2011
As Democrats say they won’t cut this year’s spending more than 10 Billion dollars, the federal deficit was the largest ever this month, 223 Billion dollars (remember that is just one month). I am glad the Democrats are not out of touch with reality or we could become a debtor nation. (We are already–I mean [...]
Posted in Deficit, Infrastructure, Spending, Tom Coburn, Waste on Mar 1st, 2011
Remember when $10 million dollars meant something? Nowadays, such denominations are merely rounding errors for many of our Federal Government agencies and their myriad profligate spending programs. In today’s Wall Street Journal, reporter Damian Paletta reminds us in his ‘Billions in Bloat Uncovered in Beltway’ article of how millions quickly add up to billions. Thanks to [...]
Posted in Budget, Conservatism, Deficit on Feb 8th, 2011
You may want to read this guest opinion in the Wall Street Journal. By RAND PAUL After Republicans swept into office in 1994, Bill Clinton famously said in his State of the Union address that the era of big government was over. Nearly $10 trillion of federal debt later, the era of big government is [...]
Democrat Senate Budget Chairman Kent Conrad is finally serious about the deficit. It is better late than never. Senator Conrad recently announced his retirement next year. Budget Committee Chairman Kent Conrad, D-N.D., suggested that Obama was sidestepping the deficit issue and, with his presidential panel of debt commissioners unable to agree on a plan, leaving [...]
Posted in Deficit, Michele Bachmann, Tea Parties on Jan 26th, 2011
Posted in Deficit, Election 2012 on Jan 23rd, 2011
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Posted in Deficit on Jan 3rd, 2011
The federal debt limit is becoming a focus of attention. I never understood why we had it if we pass budgets and spending bills with deficits then hike it at will. Now some in Congress have had their fill of voting for a debt train which is coming right at us. They want to get [...]
Posted in Deficit, Tom Carper, Tom Coburn on Dec 6th, 2010
Senator Carper has joined in a group of 14 Democrats who support Tom Coburn and Mike Crapo in efforts to bring the deficit commission plan to Congress. The Hill gives us some background on the Bipartisan Plan. The 11 commissioners who did vote for the plan includes a mixture of liberals and conservatives, Democrats [...]
Posted in Deficit, Election 2010, Energy, Healthcare, Jobs, Oil, Revolutionary Reform, Spending, Taxes, Tea Parties, economy on Oct 4th, 2010
We, the citizens of the United States of America, call upon those seeking to represent us in public office to sign the Contract from America and by doing so commit to support each of its agenda items and advocate on behalf of individual liberty, limited government, and economic freedom. Protect the Constitution Reject Cap & [...]
Posted in Deficit on Jul 28th, 2010
It reads in part: Further increases in federal debt relative to the nation’s output (gross domestic product, or GDP) almost certainly lie ahead if current policies remain in place. The aging of the population and rising costs for health care will push federal spending, measured as a percentage of GDP, well above the levels experienced [...]
Posted in Deficit on Jul 15th, 2010
Having an annual deficit of over $1,000,000,000,000 a year just isn’t enough…. …to beat that record lets rack up a 1 trillion dollar deficit in a single month. That’s right our President is a leader, setting records left and right. While we were preoccupied with trivial issues such as the financial reform bill, the nomination [...]
You can’t cut spending or I will veto a vital war measure says the President. Well actually, the House did not cut spending, it just cut ten billion to spend on the President’s program to pay the states for teachers and attached it to the War funding Emergency supplemental to stymie any Republican filibuster and [...]
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