United States federal budget

President Obama’s Budget by the Numbers

President Obama’s Budget by the Numbers

Obama’s Budget Has More Spending, More Taxes, And Accounting Gimmicks Instead Of Fundamental Tax And Entitlement Reform OBAMA’S BUDGET LANDS WITH A DUD CLAIM: Obama Said That “There’s Not A Lot Of Smoke And Mirrors” In His FY 2014 Budget. OBAMA: “That’s what my budget does, that’s why I’m so grateful for the great work that this team has done in shaping the budget. The numbers work, there’s not a [...]

Government Quit your Damned Whining!  America Families endure 3.6% cut

Government Quit your Damned Whining! America Families endure 3.6% cut

Quit your Damned Whining! Americans are a lot better at belt-tightening than the people they send to Washington. As Americans’ income fell by 3.6 percent in January, President Obama and Congressional leaders were warning of the dire consequences of sequester, the budgetary booby trap that forces cuts of as little as a third of that from the mammoth federal spending plan. Working stiffs sucked it up and absorbed the biggest [...]

Sequestration By The Numbers – Just Two Cents

Sequestration By The Numbers – Just Two Cents

Just Two Cents In Fiscal Year 2013, The Cuts That Result From Sequestration – $85 Billion – Would Equate To A 2.3 Percent Cut To The Federal Government’s Overall Budget, Or 2.3 Cents On Every Dollar That The Government Spends This Year. (Doug Elmendorf, “Looming Policy Decisions May Have A Substantial Effect On The Budget Outlook,” Congressional Budget Office, 2/6/13; “The Budget And Economic Outlook: Fiscal Years 2013 To 2023,” Congressional [...]

A Federal Government Imposed Recession

A Federal Government Imposed Recession

By Doc Vega The United States had an opportunity to turn around an ailing economy and fix a disastrous foreign policy, but after the re-election of President Obama all bets are off. This rigid ideologue is committed to forcing America to the whim of his world view. Since 2009 and the election of President Barack Obama America had been under an ideological assault that pit’s the traditional heritage of American [...]

CBO projects a $1.1 trillion federal budget deficit for fiscal year 2012

CBO projects a $1.1 trillion federal budget deficit for fiscal year 2012

Each January, CBO prepares “baseline” budget projections spanning the next 10 years. Those projections are not a forecast of future events; rather, they are intended to provide a benchmark against which potential policy changes can be measured. Therefore, as specified in law, those projections generally incorporate the assumption that current laws are implemented. But substantial changes to tax and spending policies are slated to take effect within the next year [...]

Obama’s Top 10 Spending Dodges

Obama’s Top 10 Spending Dodges

1. OBAMA SAID HE WOULD CUT THE DEFICIT IN HALF BUT IT WILL END UP DOUBLE WHAT HE AIMED FOR What Obama Said … February 2009: “President Barack Obama Plans To Cut The U.S. Budget Deficit To $533 Billion By The End Of His First Term …” (Hans Nichols, “Obama Plans To Reduce Budget Deficit To $533 Billion By 2013,” Bloomberg, 2/21/09) The President Believed That A Failure To Control The Deficit [...]

Schumer on Conferance call “I always use extreme, That is what the caucus instructed me to use” when referring to the Republican Budget

Schumer on Conferance call “I always use extreme, That is what the caucus instructed me to use” when referring to the Republican Budget

Senator Charles Schumer spilled the beans today when he told fellow democrats to call the meager GOP spending cuts “extreme.” Schumer didn’t know reporters were already listening in on the call. That’s the dem game plan. To call any cuts to their historic and irresponsible budget “extreme.” Obama, Pelosi, Reid and Senate Democrats like Schumer added over One Trillion Dollars to the Federal Budget in the last 4 years. That’s [...]