Bush Deficit vs. Obama Deficit in Pictures
UPDATE: This graph is now over two years old. For up to date information see this post: The Truth about Obama’s Budget Deficits, in Pictures President… Read More
UPDATE: This graph is now over two years old. For up to date information see this post: The Truth about Obama’s Budget Deficits, in Pictures President… Read More
The AP reports, you decide: WASHINGTON – Barack Obama’s optimistic campaign rhetoric has crashed headlong into the stark reality of governing. In office two months,… Read More
• President Obama’s budget presented at the end of February painted a picture of a fiscal trainwreck. The Congressional Budget Office (CBO) today confirmed what… Read More
Congress is rumored to be considering passing a cap-and-trade plan through budget reconciliation, which is a process that is only completed if there are special… Read More
Hitting the Federal ATM, Again Apparently, It Does Grow on Trees: After an $800 billion stimulus bill, the President’s budget increases spending by $1 trillion… Read More
Speaking to House Democrats at their Kingsmill Resort & Spa retreat last month, President Barack Obama defended his economic stimulus plan, claiming: “[We] are not… Read More
In his February 24, Address to Joint Session of Congress, President Barack Obama promised to “reform our defense budget so that we’re not paying for… Read More
When President Barack Obama introduced Sen. Judd Gregg (R-NH) as his nominee for Commerce Secretary, Obama said of Gregg: “He shares my deep-seated commitment to… Read More
George Will writes today: The administration insists that it really does have a single priority: Everything depends on fixing the economy. But it also says… Read More
We’ve warned before that the federal government’s exploding appetite for debt was helping to create a Global Government Debt Bubble. The Obama Administration has even… Read More
Laura Tyson’s “In Defense of Obamanomics” in the Wall Street Journal Monday well portrayed the view of history and government from the classical American socialist… Read More
The Obama Administration’s recent budget has some of the most revealing text in the smallest font. Put on your green eyeshade and get out your… Read More
Yesterday, President Obama declared that in addition to solving all of the country’s other ills that he was going to eliminate government waste. His target—defense… Read More
Senator Tom Coburn (R-OK) ought to be commended for exposing the left’s commitment to reforming the way Washington does business as nothing more than empty… Read More
We just finished watching President Barack Obama’s press conference on his plan to save taxpayers $40 billion a year by reforming government contracting. And with… Read More
The American dream used to consist of the one underlying principle that every generation had the opportunity to do better than the generation that preceded… Read More
If there was an award for bonehead defense reporting it should go to The New York Times for “Military Contractors Await Details of Obama’s Budget.”… Read More
Here’s a test: Guess who made most of the charitable contributions in 2006, according to the most recent data available from the Internal Revenue Service?… Read More
Classic Tax and Spend Budget Increase, Raise and Hike: The President’s budget proposal increases taxes by $1.3 trillion; raises entitlement spending by $700 billion (including… Read More
President Obama released his budget blueprint yesterday. Titled, “The New Era of Responsibility,” the full 140-page blueprint, broken down by department, can be found here…. Read More
While many aspects of the Obama budget are questionable and just plain wrong, they recognize the need for more Americans to be able to save… Read More
Budget Trickery The President also employs budget trickery on spending. He first assumes that Iraq spending will continue indefinitely at 2008 levels (which was never… Read More
President Obama’s budget document lacks the details necessary to judge fully his tax proposals. What we have are proposed streams of revenues over 10 years… Read More
The title to President Obama’s budget refers to a new era of responsibility. Responsible budgeting begins with credible economic forecasts. The Obama economic forecast doesn’t… Read More
With Election Day not yet a month past, the Democrat’s promise of fiscal responsibility has already been ditched. Wednesday, The Hill newspaper reported: Even the… Read More
Most people are skeptical about statistics, claiming that mathematically-minded people just bend numbers to their will. But when it comes to long term budget projections,… Read More
Has the Blue Dog Coalition given up on their version of fiscal responsibility? Jim Cooper (D-TN), leader of the Blue Dogs – the self-described fiscally-conservative… Read More
Harvard economist Greg Mankiw’s letter to President-elect Barack Obama offers some great suggestions for the next four years: Congratulations, Senator Obama. You ran a good… Read More
A recent article I wrote for Armed Forces Journal discusses the Pentagon’s efforts to maintain space dominance amid the challenges of emerging peer competitors. The… Read More
Following the testimony this morning of Federal Reserve Chairman Ben Bernanke, the House Budget Committee turned to three economists for their recommendations. Bill Beach, director… Read More
