Tag Archives: deficits

Obama 2008

Only In Government Could Austerity Mean A $1 Trillion Increase In Spending

Only In Government Could Austerity Mean A $1 Trillion Increase In Spending

“With the 2015 budget request, Obama will call for an end to the era of austerity that has dogged much of his presidency and to his efforts to find common ground with Republicans,” reported the Washington Post a few days back. Bart Hinkle finds the idea that we’ve been living through an era of austerity to

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Heitkamp Votes For Debt Ceiling Hike, Hoeven And Cramer Vote No

Yesterday the US House passed a debt ceiling hike that, for the first time since 2009, had no other spending or policy concessions included in it. Today the Senate followed suite. In the House, Rep. Kevin Cramer voted against the hike saying he couldn’t approve of one without conditions attached. “I could not in good

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Federal Reserve Study: Taxes, Not A Lack Of Government Spending, Hurting America’s Economy

According to the left, particularly people such as economist and New York Times columnist Paul Krugman, America’s economic woes are related to government austerity. The local governments, and the federal government, are simply not growing spending fast enough and that’s hurting the economy. Not so, finds the San Francisco Fed, which sees increasing taxes as

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Shocker: Sequester Hasn’t Resulted In Air Travel Apocalypse

The Obama administration has been working long and hard to make the sequester spending reductions, which are really quite modest and only slow the rate of federal spending growth rather than cutting it, as painful as possible. Because President Obama and Democrats just can’t let the public catch on to the idea that there might

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Federal Government Denies Filming Permission To “Pawn Star” Rick Harrison Blaming Sequester

Rick Harrison, one of the stars of the History Channel’s “Pawn Stars” program, had an idea for a show about dune buggies and applied to the federal government to film it since parts of it would take place on federal land. Unfortunately, the federal government denied permission blaming sequester spending reductions, which prompted Harrison to

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Shocker: Interest In Private Sector Currency Spiking In Southern Europe

In Cyprus, government officials desperate to shore-up bloated budgets have been working on ways to raid the bank deposits of their citizens. The most recent plan would have citizens with more than 100,000 euros in deposits take a 30% haircut. Not surprisingly, this has sparked bank runs and all manner of other chaos in Cyprus

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Having Solved That Whole Budget Problem, Obama Pivots To Gays And Guns

The Senate passed a budget for the first time in four years. So, you know, fiscal crisis solved. President Obama devoted his weekly radio and internet address Saturday to pushing for more gun control in response to the mass killing in Newton, Connecticut last year. “As a nation, the last three months have changed us,”

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President Gets His March Madness Bracket In On Time, But Budget Will Be Two Month Late

Priorities: President Barack Obama is picking Florida, Indiana, Louisville, Ohio State to reach the Final Four. President Obama filled out an NCAA tournament bracket for ESPN for the fifth straight year. On the women’s side, he selected Baylor, California, UConn and Notre Dame to advance to New Orleans. ESPN will reveal his full men’s and

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