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Californians Fear Crisis Threatens Liberal Benefits

A co-worker brought up an interesting point when we were discussing the Greek crisis.  He said, “California isn’t really in all that different shape”.  That sparked an idea,  I decided to take the very next EU citizens mad about losing entitlements article and put California everywhere the disgruntled Europeans were represented.  The article that showed up is from the New ...

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Spare the Rod, Spoil the Country

Scott Redler penned an article on Forbes.com that discusses how all the bailouts and rescue plans are setting the global economy up for a terrible fall. Well, I’ve got news for you: Spoiled children always grow up dysfunctional.  Rewarding nations for overspending and under-delivering sets a dangerous precedent. “Le Tarp” gives money to countries that have disregarded basic economic principles. It ...

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Universal Health Care in UK and Debt to GDP Ratio Worse than Greece

The Obama administration and liberal Congress have been telling us that health care reform is absolutely necessary to reduce national deficits.  In a Guardian article, Katie Allen reports that although Britain has the National Health Service (full universal health care), it’s deficits are climbing to rates that make Greece look fiscally-responsible. European commission’s spring forecasts put UK budget deficit this ...

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Obama's Choice for Deficit Reduction Panel Left Huge Deficits at SEIU

As I reported last month, Obama has nominated Andy Stern, the leader of the Service Employee’s International Union (SEIU).  Now the concerns are mounting over the quality of this choice and Obama’s true motives for his fiscal policy group. The Washington Times reported that Mr. Stern has left SEIU in ruin while having protected his own benefits. SEIU’s pensions are ...

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Obama's Deficit Panel Marginalized by .. Obama

President Obama house been touting his intent to put together an executive panel to review approaches to trim the soon to be $14 trillion federal debt.  His newest addition to the panel demonstrates that the President is not serious about doing much of anything on the deficit. Obama recently appointed the leader of the Service Employees International Union (SEIU), Andy ...

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Obama's Plans Add Trillions to the Debt in Current Decade

Tax-and-spend liberalism has been replaced by spend and don’t tax enough radical liberal policy.  It’s not sustainable and definitely not fiscally healthy.  In a Washington Post article they state: President Obama‘s proposed budget would add more than $9.7 trillion to the national debt over the next decade, congressional budget analysts said Friday. Proposed tax cuts for the middle class account ...

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The Reason for State Budget Collapses: Tax Cuts

In a Washington Independent article, Martha White writes that tax cuts and reductions to federal expenditures are to blame for the collapse of state budgets: A decade’s worth of cuts in federal aid combined with states moving to copy Bush administration tax cuts have led to states filling revenue shortfalls with regressive tax policies that disproportionately affect the poorest Americans. ...

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The Rising Cost of Congress

For the last year, we have all been beaten over the head repeatedly with the notion that health care costs are rising so fast that families can’t afford their insurance.  Is anyone applying the same formula to Congress?  They don’t mind spending our money in a care-free manner. We’ve built numerous post-offices and airports as Congressional namesakes.  Fountains have been ...

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Democrats Continue the Spend-Fest: $1.9 Trillion Addition to Debt

Foxnews.com is reporting that the liberal Congress is about to run back to the well to pull almost $2 trillion from our children’s pockets. Obama did not take a scalpel to the budget as he said he would and now Congress is coming back to the trough to pay for everything Barack failed to cut. The record increase in the ...

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The New Party of No

Republicans talk about lowering taxes and getting our deficits under control.  In reality, they only manage half of that promise.  Now Obama is jumping on the budget-hawk bandwagon saying that after we spend $1 Trillion+ on his entitlement program, we should cut domestic spending.  According to Bruce Bartlett’s book, “The New American Economy: The Failure of Reaganomics and a New ...

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Liberals Believe that Debt Limits = U.S. Default on Debt

It is no wonder we are so deep in dept.  The mind-set of those that voted in  the current Congress is that controlling the national debt would cause our country to default on it’s debt. From the liberal-extremist blog, DailyKOS (I have to source that rag because they didn’t bother to tell us from whom they sourced this material: “Seven ...

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Deficit Neutral is Good?

So Obama won't sign any bill that isn't "deficit-neutral". Max Baucus leads the charge to create a health care bill that fits that description. Unfortunately, that is not the same as fiscally-responsible.

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Social Security Will Go into Deficit in 2010

Hot Air is reporting that it has obtained a report from the non-partisan Congressional Budget Office (C.B.O.) that shows that Social Security is in more trouble than Obama’s Director of the Office of Management and Budget (O.M.B.), Peter Orszag,  previously reported.  The C.B.O.  and the C.B.O. website and “Director’s Blog” contain no mention  or repudiation of the report.  Apparently, they ...

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