The typically staid pages of the Washington Post Business Section were graced this morning with subtle humor from the virtual pen of the ever-sober, oft sagacious Steven Pearlstein. In a piece titled “Keeping an open mind on solutions to the budget deficit”, Pearlstein neatly lays out the argument one typically …
House Majority Whip Rep. James Clyburn (D-S.C.) was quoted in The Hill earlier this week discussing the country’s economic outlook. Despite the President’s recent efforts to talk about savings, Rep. Clyburn took a different tack, saying that “wouldn’t help alleviate the recession.” He added, “We’re not going to save our way out of this recession. We’ve got to spend our way out of this recession, and I think most economists know that.”
This week’s bloggers’ briefing brought the biggest crowd yet; standing room only. What was the draw? Matthias Shapiro, mastermind of the 10,000 pennies videos that have become a viral sensation, showed the eager bunch how to utilize the overused rhetoric and statistics of the day to instead communicate the numbers …
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 …
Contrary to several reports, the House Democratic health care bill (H.R. 3200) is not deficit-neutral, but would raise deficits to alarming new levels over the long term. It would do this by relying on several old warhorse budget gimmicks. According to the Congressional Budget Office (CBO), H.R. 3200 would increase …
Your family’s share of the national debt just got a lot bigger thanks to the recent increases in federal spending. According to an analysis by USA Today, in 2008 an additional $55,000 per household in new federal obligations was added onto the already massive figure, bringing the total to $546,668. …
A grassroots movement gaining momentum across America, and refusing to be knocked down by administration hit jobs, is calling for President Obama to do something besides spend money. The furor, originally voiced by CNBC reporter Rick Santelli on the floor of the Chicago Board of Trade, is directed at government policies …
Breaking news: President Obama is a strong believer in free markets. Yesterday, in an address to the Business Roundtable, Obama mounted a vigorous defense of the free market and private enterprise, explaining his basic approach to economics and regulation. In his own words, Obama has “always been a strong believer in the power …
