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    Obama Is No Kennedy: Redefines NASA's Mission As Global Warming

    Today, the Orlando Sentinel reports that President Obama will introduce a budget next week which will cut future exploration funding from NASA, including the planned missions to the Moon and Mars set in motion following the Columbia disaster.  On first glance, this may appear to be a budget cutting move … More

    Stop the Presses: Putting Flashy Defense Spending Sound Bites in Context

    In a report titled, “Long-Term Implications of the Fiscal Year 2010 Defense Budget,” the Congressional Budget Office (CBO) points out that this year’s Department of Defense (DoD) budget will exceed the real dollar equivalent of the Pentagon’s budget at the time of the defense build-up in the 1980s. Specifically, CBO … More

    Is Obama's Underwhelming Spending Freeze A Fakeroo?

    The President has the right idea with his proposal to freeze spending.  Unfortunately, after driving spending to a record $3.7 trillion—nearly 26% of GDP—last year with the accompanying $1.4 trillion deficit, the proposal is at best a bit….underwhelming. According to the administration, only $447 billion in spending would be subject to … More

    I Robot...Not

    It seems every time you pick up a newspaper, the headline proclaims another military program cancelled. First, it was the F-22. Then it was missile defense. The list goes on and on. The reason given seems always the same too…“We don’t need that.” This mantra gets repeated so often, one … More

    An Executive Order Debt Commission Doesn’t Cut It

    President Obama is reported to be considering an Executive Order creating yet another commission to consider options for curtailing Washington’s deficit addiction. Even at a time when action is desperately needed, such an Executive Order is likely worse than doing nothing. The Executive Order approach represents Congress’ latest embarrassing retreat … More

    Honest Medicare Budgeting in Health Care Reform

    The health care reform wallowing through Congress includes a ploy reminiscent of the “liar loans” prominent during the recent real estate bubble before its collapse. The bill cuts imaginary Medicare spending and uses the funds for real spending elsewhere. Senator Judd Gregg (R-NH) has blown the whistle on this charade. … More

    Morning Bell: The Impending Obama Borrow and Spend Disaster

    Speaking at Georgetown University on April 14th, President Barack Obama promised: “We cannot rebuild this economy on the same pile of sand. We must build our house upon a rock. We must lay a new foundation for growth and prosperity — a foundation that will move us from an era … More

    Outside the Beltway: California’s Nightmare the Future for Other States?

    The budget shortfalls, plunging revenue, and economic woes plaguing near-broke California could foretell the future of other cash-strapped states. A new study by The Pew Center on the States found that the economic pressures that pushed California to the brink of a total economic meltdown are also found in nine … More

    Morning Bell: A Sobering Wake Up Call

    Defending mounting job losses despite his administration’s $787 billion stimulus package, Vice President Joe Biden told ABC News George Stephanopoulos last month: “The truth is, we and everyone else misread the economy. The figures we worked off of in January were the consensus figures and most of the blue chip … More

    California: The National Petri Dish

    Supposedly, trends start in California and then spread to the rest of the country, a notion that seems to be confirmed by the latest economic news. In May, California’s unemployment rate hit 11.5 percent—the highest it has been since 1941. This morning, we learn that unemployment for the entire country … More