When the non-partisan Congressional Budget Office (CBO) released their original estimate of President Obama’s Budget , they said it was going to be expensive: in ten years the President would accumulate over $9 trillion in deficits. Turns out, that was low-balling it. In their original estimate, CBO assumed that interest …
CBS News reports: President Obama’s call last year for “shared sacrifice” doesn’t extend to federal employees, at least based on the details of his administration’s 2010 budget released this week. At a time when the official unemployment rate is nearing double digits, and 6.35 million people are receiving unemployment benefits, …
On Wednesday we exposed the farcical nature of President Barack Obama’s proposed spending “cuts” and today we posted a graphic putting his spending transfers in perspective. Senior White House economic advisor to President George W. Bush Keith Hennessey adds another angle comparing President Bush’s last spending cut request with Obama’s …
President Barack Obama recently released a list of 121 proposed program terminations and reductions, that he claims would save taxpayers $17 billion. Obama has described these program terminations as spending “cuts”. This is simply not true. Every dollar that Obama “cuts” he has immediately turned into new spending elsewhere in …
President Obama today released a list of 121 proposed program terminations and reductions, at a savings of $17 billion. It is important for any president to get acclimated to the idea of streamlining government, and this exercise can be the first step. Many of the programs that President Obama has …
In the past year, Russia’s defense spending has risen 34 percent. China’s defense spending has risen 15 percent. Within the past four months, Iran and North Korea have tested missiles that could someday carry warheads to Europe or the United States. With such conventional and asymmetric military capabilities rising around …
At last week’s speech at the Air War College, Secretary Gates told the officers present that, “Health care is eating the [Defense] Department alive.” The massive expansion of military compensation spending in the past decade has placed the entire system in jeopardy. Healthcare spending alone for 2010 is set for …
