Tag Archives: budget

Moody’s Downgrades Pennsylvania

With Harrisburg already bankrupt and Scranton on the verge, Moody’s has decided to downgrade the state’s credit rating from Aa1 to Aa2. Citing unfunded pension liabilities, high debt and slow to moderate growth the rating agency also changed it’s outlook for Pennsylvania from negative to stable. On the upside, Moody’s says that the Government has… Read More »

American Energy Means American Recovery

There is widespread consensus that America needs to become energy independent. America’s ever growing dependence on foreign energy putsher at ever-greater risk in a world that is increasingly unstable. Given the current political upheavals in the Middle East, this reality is slapping America in the face with increasing costs at the pump, which are contributing… Read More »

obamacare: Tip of the Iceberg

Since the ruling by the United States Supreme Court on Thursday, June 28, 2012, the big news in America has been how the obama administration, then Speaker of the House Nancy Pelosi and Senate Majority Leader Harry Reid misrepresented the legislation to Congress, the Senate and the public. It was consistently presented as a cost… Read More »

“progressive” Media Spin Continues Unabated

Consistent with a clear pattern of widespread institutionalized “progressive” left media bias, Yahoo News once again uses headlines to promote their version of the news.  They report that whoever wins the presidency in November will have negligible impact on the economy. The “news headline” reads: Poll: Election winner won’t impact economy much The story reports… Read More »

Free Market Advocacy Group spending big money this season

The commonly held thought that the general public doesn’t pay attention to political issues until the fall months has been proven shattered.  Americans For Prosperity, a nationwide issue advocacy group, is breaking the mold when it comes to educating the public by launching a multimillion dollar ad campaign and grassroots activist effort well before “election… Read More »

Was “The Private Sector is Doing Fine” Really a Gaffe?

When obama uttered the words “the private sector is doing fine” speculation ran rampant, declarations occurred and questions abounded. Obedient spokes-fools within the “progressive” Party Pravda remained largely mum, dutifully neglecting or downplaying the story. Conservatives pounced on the statement, speculating aggressively about obama’s lack of perceptive abilities while declaring it to be the biggest… Read More »

Europe Won’t Work in America

Spain’s economy is under such duress that the country is prepared to request a 40 billion Euro cash injection from the Euro zone this weekend. The request comes after Fitch Ratings reduced Spain’s credit by three notches on Thursday. This move will make Spain the fourth country to need a bailout since the European debt… Read More »

Green Death

Eight regions of Spain have had their credit ratings cut as uneasy Spaniards moved their money overseas. Spooked by the questionable state of their banks, Spanish savers are now moving their money abroad faster than records have ever shown. Spain’s credit rating has been downgraded two notches and nearly 25% of Spaniards are unemployed The… Read More »

5% Growth and 5% Unemployment!

The American entrepreneur is extremely resilient. This is evidenced by even a paltry 1.9% growth rate in the face of staggering regulation, looming health insurance burdens, and uncertain taxes. The one thing business needs to thrive is certainty. That is the thing above all others that they have lacked from the current administration. Business will… Read More »

What the obama Administration Has Taught America

Facebook Inc.’s $16 billion initial public offering has made Mark Zuckerberg the 29th richest carbon based life form on Earth. Facebook provides entertainment and a fun way to spend your leisure time. America should love Zuckerberg. Whatever happens, do not ever criticize him for not paying his fair share of taxes…he’s cool in the administration’s… Read More »

Senate Dems Reject Five Budgets While Failing to Produce One

The Democrat-controlled Senate rejected five separate budget plans including one based on President Obama’s budget plan. In a 99-0 vote the liberal Senate voted down a budget proposal based on the President’s own plan. Without being able to raise a single vote for his own budget from his own party, serious questions are being raised… Read More »

Eric Holder Spanked by Congress

The US House of Representatives passed H.R. 5326, a bill providing funds for the Justice Department and other agencies in 2013 in a 247-163 vote on Thursday. Several amendments attached to the bill provide a major spanking for Attorney General Eric Holder. In addition to reducing his budget by one million dollars, Rep. Jason Chaffetz… Read More »

Retirement Programs-Running on Empty

Government trustees report this week reveal that Social Security and Medicare will run out of money sooner than expected. Medicare is looking at a shortage beginning 2024 but Social Security for Disabled (SSI) will be out of funds just around the corner in 2016. All agree that by 2030 there will only be enough money… Read More »