It seems the President’s spending habits have finally caught up with him, threatening to kill a government overhaul of health care. Though President Obama and congressional Democrats continue to insist that health care reform is on the horizon, the increasing national concern over the rising public debt presents an undeniable …
On Tuesday, February 2, President Obama released his budget forecasting a deficit for 2010 of $1.6 trillion for the year and $9.1 trillion from 2010 through 2020. The next day the Moody’s credit rating agency announced Obama’s budget policies were so profligate and irresponsible as to risk the credit rating …
In a preview of the State of the Union address, President Obama has recommended a plan to help students pay off their debt – with taxpayer dollars, of course. As Politico reports: The Obama-Biden Administration will make student loans more affordable by limiting a borrower’s payments to 10 percent of …
Our nation is on an unsustainable fiscal course. The three major entitlements – Social Security, Medicare, and Medicaid – alone are set to eclipse historical tax levels by 2052 and a realistic assessment of the Congressional Budget Office baseline shows the government piling on an additional $13 trillion over the …
After quietly increasing the federal debt limit from $12.1 trillion to $12.4 on Christmas Eve, the US Senate is beginning debate today on yet another increase. Hoping to avoid making the skyrocketing debt levels an election issue; this time around they want to pass an increase large enough to feed their …
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 …
Senator Reid seems comfortable with clandestine negotiations in order to ensure passage of any type of health reform. This course, aside from being politically dubious and whimsical, is fiscally reckless, and with its passage, will continue to add to the debt that will straddle future generations with a significant amount …
