1.8 trillion $ – TRILLION! That’s the amount the CCCP, er, democrats, propose to raise the federal debt limit by this week. A little perspective: This amount would dwarf the combined debt limit increases passed by all congresses over the entire 250 years of our republic combined.
Keep in mind that Obama (Osama?) has already spent [...]
The White House on Monday projected 2009 and 2010 federal budget deficits far higher than it forecast just two and a half months ago, even as it continued to defy most experts and predict that the economy is headed for a strong comeback starting late this year.
Economists scoffed at the latest administration predictions.
“If they keep [...]
President Barack Obama, facing criticism over huge budget deficits, will propose on Thursday shaving $17 billion from a 2010 budget that will still hover around $3.5 trillion, administration officials said.
About half of the proposed cuts would come from the defense budget, and a total of 121 programs in areas including education would be trimmed or [...]
“That wasn’t me,” President Barack Obama said on his 100th day in office, disclaiming responsibility for the huge budget deficit waiting for him on Day One.
It actually was him – and the other Democrats controlling Congress the previous two years – who shaped a budget so out of balance.
And as a presidential candidate and president-elect, [...]
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