Posts Tagged ‘deficit’

More Stim


What goes unacknowledged in the Paul Krugman desire to see more stimulus spending is the poor use of the funds. Krugman’s Sunday effort blasted the Senate for failing to pass further stimulus in the form of unemployment benefits. “We’re facing a coalition of the heartless, the clueless and the confused,” he lamented. Obama didn’t fight […]

Stop Spending


Barack Obama, struggling to communicate any emotional connection to lives devastated by the Gulf Oil Crisis, could take some lessons from Rick Santelli of CNBC. It’s the same advice he’s ignoring from the American people.

Bad Forecast


Hot economist Nouri al Roubini isn’t optimistic about the economic outlook if the United States, among other countries, doesn’t get its debt situation under control. He’s calling on governments to cut spending and raising taxes, but doubts any one government has the political capital to do it. He recommends getting more into cash, and possibly […]

Rush offers his thanks to President Obama. A New York Times/CBS News poll found that a majority of Americans, 52 percent, think the policies of President Barack Obama are moving the United States toward socialism On the eve of his inauguration in Jan. 2009, Obama was viewed favorably by 60 percent of Americans. Just 9 percent […]

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Turning Greek


Charles Krauthammer discusses the future of the United States.

Glenn Beck got the impression that conservative Congressman Paul Ryan might be a conservative progressive, so he had him on to clarify. Here’s what happened. “Progressivism,” the political movement which is largely responsible for the growth and vast expansion of centralized administration in the federal government. Many decades ago, Progressivism was very controversial, but nearly […]

Double Trouble


It seems the president learned alot on his visit with his Chinese counterpart. Obama now knows enough to fear… himself! He (warned) that there’s a threat of a “double-dip recession” if the government piles on too much more debt. A “double-dip” occurs when the economy quickly slips back into recession after emerging from a downturn. […]

They call it a safety net, which implies that when an occasional productive person hits a rocky road, there’s some short term help. The recession is driving the safety net of government benefits to an historic high, as one of every six dollars of Americans’ income is now coming in the form of a federal […]

Barack Obullet


Is it fair to say that a bad economic report is good news for the economy? A fresh estimate of the deficit showed it coming in at $1.84 trillion — representing a massive 12.9 percent of gross domestic product — in the current 2009 fiscal year that ends on September 30. I think it is […]

Budget Bull


The Obama administration is being called out from all quarters for its preference for big spending over the best interest of the country – from friends and friends alike. The latest – former cabinet nominee Judd Gregg. “The practical implications of this is bankruptcy for the United States,‘ said Gregg on CNN “State of the […]