An article in the The Wall Street Journal recently revealed that our budget situation is likely worse than what the Congressional Budget Office (CBO) projects, meaning we could be in much more debt than we realize. In 2010, the federal government collected about $2.16 trillion in total tax revenue yet …
President Obama will meet with congressional leaders tomorrow to resume talks on the debt limit. The rare Sunday meeting between top Republicans and Democrats could signal the start of “hard bargaining” after Thursday’s debt talks left the parties far apart. While Democrats want tax increases on the table in debt negotiations, Republicans …
During his Twitter Town Hall yesterday, President Obama vastly underestimated the size of the bloated Department of Education budget. The nice thing about the defense budget is it’s so big, it’s so huge, that, you know, a 1 percent reduction is the equivalent of the education budget. I’m exaggerating. But …
In yesterday’s “Twitter Town Hall,” President Barack Obama demonstrated yet again his failure to understand the size of the defense budget—as well as his desire to slash it in order to fund domestic spending. Here’s how the President described it: [T]he nice thing about the defense budget is it’s so …
Republican congressional leaders will meet in the White House today with their Democratic counterparts and President Obama in an effort to reach an agreement on the debt ceiling. Reports are sketchy as to whether they will succumb to arm-twisting by the White House, amplified in the media, to cut a …
Seeking to make virtue out of vice, the political Left has launched a desperate, devious and dangerous ploy to prevent the spending cuts that the public demands. They are laying the groundwork for President Obama to bypass negotiations and to ignore the $14.3-trillion statutory ceiling on federal debt. They want …
