Tag Archives: debt limit

FAILED: Balanced Budget Amendment Does Not Pass House Vote

Just days after the national debt hit $15 trillion, in what Judiciary Committee Chairman Lamar Smith, R-Texas, describes as the “last line of defense against Congress’ unending desire to overspend and overtax”, the proposed balanced budget amendment failed to pass the vote in the House today. The Conservative Congress members have spent months seeking support for… Read More »

Proposed Constitutional Amendment

Proposed Amendment To The Constitution of The United States of America Amendment 28 National Consumption Tax 1. The sixteenth article of amendment to the Constitution of the United States is hereby repealed. 2. The Congress shall have power to lay and collect taxes on end-user consumption of all goods and service, from whatever source derived,… Read More »

A New Media Slant Detector

I formerly believed that reporters don’t tell the public what to think. Instead, they tell the public what to think about — as if that made claiming “objectivity” while misusing your influence an acceptable practice. Experience disabused me of that erroneous notion. For as Martha Bayles observes, “What [the media] does is condition us, gradually… Read More »

Allen West Talks With CDNews on Debt, the Economy and Foreign Policy

Tuesday afternoon, I had the opportunity to spend twenty minutes with Congressman Allen West (R FL-22) and ask him about the outcome of the debt-limit negotiations, the current state of the economy and U.S. foreign policy. Once the pleasantries were exchanged, we got right to the questions. Rich: Moody’s cut the U.S. economic outlook for 2011… Read More »

Recipe For Disaster

Washington may call the recent “debt deal” necessary, but the “ingredients” that went into making the “deal” sometimes seem a bit “seedy”. A more appropriate name might be a recipe for disaster!

Spinning the Downgrade

On Friday, S&P downgraded the U.S. credit rating to AA+ from AAA. The downgrade report complained that the debt ceiling deal did not do enough to stem the tide of future deficits and debt. While the report blamed no political parties, politicians, groups, or approaches as the reason for the shortfall, Democrats have been falling… Read More »

Obama’s Debt Compromise Costs U.S. AAA Credit Rating for First Time in History

The Administration and members of Congress had held the specter of a credit rating downgrade over the heads of Americans. If a debt deal is not reached, the nation’s good credit would be damaged said several government leaders. On Friday, Standard and Poor’s (S&P) downgraded the United States’ rating from AAA to AA-plus on concerns… Read More »

“As the Government Turns”

Social Security and Defense Held Hostage, Episode 75 The federal government is our alcoholic uncle addicted to power and money. He throws divisive words at the masses to distract us from the true issue…a bloated government. As political figures and their cohorts spend more money than most countries can produce, hard working Americans are left… Read More »