Tag Archives: national debt

Subprime Auto Loans Were Up 18% In 2012

Subprime Auto Loans Were Up 18% In 2012

Yesterday we got news that the Obama administration is pushing banks to make subprime home loans again. Today comes word that in 2012, subprime auto loans were up 18%: The Fed’s program, while aimed at bolstering the U.S. housing and labor markets, has also steered billions of dollars into riskier, more speculative corners of the

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

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

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

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,”

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

Obama Administration Hasn't Implemented $67 Billion In Cost Savings Recommended By The Obama Administration

The House Oversight Committee, chaired by Rep. Darrell Issa, released this video today showing the Obama administration’s comical finger-pointing game over who canceled the White House tours and notes that, despite the canceled tours, the President hasn’t implemented $67 billion in cost savings suggested by his own Inspectors General. From PJ Media (emphasis mine): “It’s

Sequester Furloughs Haven't Happened Yet, But Democrats Already Blaming Airport Delays On Cuts

This sort of thing makes me wonder how we ever managed to get by a few years ago when the national debt was like $6.5 trillion smaller. National Review’s Jim Geraghty posts this picture sent in by a reader taken at the Miami airport: As Geraghty notes, already delays are being blamed on the sequester

Nothing Makes Liberals Fiscally Conservative Like The Idea Of Defending States Rights

On Friday, with no small amount of drama, North Dakota’s state Senate passed two laws restricting abortion. One would prohibit an abortion after a heart beat is detected. The other would prohibit an abortion for the purposes of gender selection, or to kill off children with genetic abnormalities such as Down’s Syndrome. Now that the

Obama: "We don’t have an immediate crisis in terms of debt"

We didn’t need President Obama to tell us this directly. The fiscally seriousness budget Senate Democrats have released, and the White House has endorsed tells us how lightly Democrats take our national debt problems. The budget increases spending by $2.1 trillion over the next decade and raises taxes by $1.5 trillion. But hearing the President

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