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  • budget deficit

    Tweet of the Week: Daily Kos Founder Disses Spending Freeze

    Daily Kos founder Markos Moulitsas weighs in on President Obama’s proposed spending freeze. It goes without saying that when even the Daily Kos fails to find merit in the President’s proposals, the Administration needs to step back and reevaluate its policies. More

    Welcome to America, Land of the Less Free?

    Just one year after President Barack Obama took office, we released the 16th edition of the Index of Economic Freedom in both Hong Kong and Washington. Once again, it provides empirical evidence that economic freedom is the pathway to prosperity. The good news is that despite the global economic crisis, … More

    Continuing Resolution Only Delays Federal Spending Spree

    Today, the House of Representatives passed the $32.2 billion Interior-Environment Appropriations conference report, including a continuing resolution to fund the remaining portions of the federal government at FY2009 levels until December 18th. This bill, a 17 percent increase over last years levels, represents Congress’s continued disregard for mounting federal debt … More

    Obama’s Deficient Budget Pledge

    President Obama’s address to a Joint Session of Congress on health care reform included a range of urgings, pleadings, and partisan jabs, and a single bright line in the sand dealing not with health care per se but with the deficit. The President said, “I will not sign a plan … More

    New Study Puts ObamaCare Deficits over $1 Trillion

    During tonight’s address to Congress, President Obama is expected to repeat his contention that health care reform should reduce federal health care costs and not expand the budget deficit. The House health bill (as amended by the Energy and Commerce Committee) fails those standards according to a new Lewin Group … More

    Obama’s $1 Trillion Birthday Present

    President Obama celebrated his 48th birthday yesterday, but instead of being showered with gifts, he handed the American people the biggest present of all: one trillion dollars in new debt. Since Obama was inaugurated in January, the national debt has grown over one trillion dollars to a whopping $11.669 trillion. … More

    When You're In a Hole...Stop Digging: Deficit Cartoon

    Heritage’s J.D. Foster on the deficit: “President Obama talks about responsibility, but the budget deficit this year is approaching $2 trillion and the national debt is set to double in just four years. Imagine what he would deem irresponsible! Yes, he inherited a plunging economy and soaring deficit. But then … More

    Obama's Budget Is More Expensive Than Initially Thought

    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 … More

    Obama's Battle of the Bulging Deficit

    “We’ll Need To Raise Taxes Soon” opines Roger Altman, a former Deputy Treasury Secretary under President Clinton, in a Wall Street Journal editorial today. Of course, he comes to this conclusion because deficits are high, excessive entitlement spending continues to darken the budget outlook, and, well, that’s the solution he … More

    Will Washington Follow in Sacramento’s Footsteps?

    The federal government’s bailout parade wasn’t enough to save California this week. In a move that drew praise from some conservative quarters, President Obama refused to send federal aid to the Golden State. California had asked the Treasury Department to help with its $24 billion deficit. But rather than open … More