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Presidential Speech Tonight – No Crystal Ball Needed

Tonight the President of the United States will appear before a joint session of Congress to give a speech on what he considers important issues facing America today. With the exception of the State of the Union Address, which is required by the Constitution itself, presidential speeches to a joint assembly are usually reserved for times of crisis or for ...

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What Would Reagan Do?

Many have said that what we need now, more than ever, is a Ronald Reagan-esque President in the White House. What would Reagan do to deal with the Debt Ceiling?

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So How Much Is $14.4 Trillion Exactly?

Ever wonder what all those zeros mean? What’s the difference between a million and a billion? What’s the difference between a billion and a trillion? Take a look at the Milky Way and you will see the magnitude of the zeros!

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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!

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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 about growing budget deficits. The ...

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“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 with the tab. The people ...

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CBO Analysis of August 1 Budget Control Act

On August First, the Congressional Budget Office (CBO) released this summary of its analysis of the debt limit compromise legislation (amendment to S.365). The Congressional Budget Office (CBO) has estimated the impact on the deficit of the Budget Control Act of 2011, as posted on the Web site of the House Committee on Rules on August 1, 2011. The legislation ...

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California’s ‘Boondoggle’ Report – I mean High Speed Rail Report

The term “Boondoggle” may be used to refer to protracted government or corporate projects involving large numbers of people and usually heavy expenditure, where at some point, the key operators, having realized that the project will never work, are still reluctant to bring this to the attention of their superiors. Generally there is an aspect of “going through the motions” ...

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Making the Cut

As we all know money is on most everybody’s mind in these hard economic times, coupled with our Congress fighting each other over the debt and spending issues. No one in Congress has put any permanent solutions on the table but Cut, Cap and Balance seemed to be a step in the right direction. The House Republicans came up with ...

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The Debt “Deal” Is A Bad Idea

For what feels like the millionth time, I am utterly disgusted by the goings on in Washington.  This, of course, is nothing new, but the stakes are much higher this time and I feel like I’m watching a slow-motion train-wreck in action. For weeks, we’ve been warned by Congressional leaders in both parties, and by the President, himself, that August ...

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Reid Shows Signs That He Does Not Have 60 Votes for His Bill [Video]

Senate Majority Leader Harry Reid does not have the votes to pass his own debt ceiling bill. Reid spent Friday night addressing the Senate in an attempt to blame Republicans for his inability to garner 60 vote support in the Senate for his legislation. Reid has 53 democrats that will vote for just about anything he puts in front of ...

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HR 2693 – Reid’s Debt Bill in the House [Full Text]

On Thursday, it appears as though the House version of Senate Majority Leader Harry Reid’s debt bill has surfaced. HR 2693 “The Budget Control Act of 2011”. This bill isn’t compromise, it’s pure can-kicking.  Summary The Reid bill looks like mainly fluff – no real cuts and nothing of substance. It basically defers everything to another debt committee (e.g. Simpson-Bowles committee) ...

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