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  • Obama FY 2010 Budget

    President Obama Says "No More Bailouts"

    Earlier today, President Obama delivered a speech at an impromptu event, sans teleprompter, as he was on his way to deliver a thoughtful gift to his British counterparts to reinforce our special relationship. “Let me first start by saying that for the duration of my administration, there will be no more bailouts.” … More

    The Growing Gap in Defense Spending

    AMERICA NEEDS A READY AND MODERNIZED FIGHTING FORCE The President’s Budget The Obama Blueprint: While a robust starting point, the Obama budget blueprint fails to fully fund the core defense needs of the United States by about $30 billion in the base defense budget. Creates 10-Year Shortfall: The shortfall likely exceeds $1.3 … More

    The Left's Case Against Charitable Giving

    President Barack Obama’s FY 2010 budget proposal to cut the tax deductions that wealthy Americans can claim for their charitable donations has been roundly criticized, including by us here and by Harvard University economic professor Martin Feldstein here. But Obama does have his leftist defenders, including New York City Coalition … More

    Morning Bell: Preventing Generational Theft

    In the past 12 months the Bush Administration, the Obama Administration, and the Democrat controlled Congress have laid out $1.2 trillion in the name of stimulus, $700 billion for the Troubled Assets Relief Program, and over $400 billion for the Omnibus spending bill in debt on future generations of America. … More

    Costly Energy Budget: Taxpayers Pay Big for Extreme Environmental Agenda

    Taxing Every American Even Obama’s “95%”: President Obama’s energy policies will cost Americans more money, limit their access to America’s resources, and provide little, if any, environmental benefit. It is an extreme environmental agenda. Climate “Revenue”: The President’s budget proposes a $646 billion cap-and-trade tax that would cost each household in … More

    The AP Fact Checks Obama

    The AP’s Calvin Woodward has an item out today challenging some of the assertions President Barack Obama made in his press conference last night: OBAMA: “In this budget, we have made the tough choices necessary to cut our deficit in half by the end of my first term even under … More

    Morning Bell: 'Investing' Our Way to the Poor House

    Ka-thump. That sound you just heard was President Barack Obama throwing 95% of all Americans under the bus. In his opening remarks during last night’s press conference, President Obama said of his budget: “This plan will provide a tax cut to 95 percent of all working families that will appear in … More

    Bush Deficit vs. Obama Deficit in Pictures

    UPDATE: This graph is now over two years old. For up to date information see this post: The Truth about Obama’s Budget Deficits, in Pictures President Barack Obama has repeatedly claimed that his budget would cut the deficit by half by the end of his term. But as Heritage analyst Brian … More

    Associated Press: Obama Rhetoric, Reality Clash

    The AP reports, you decide: WASHINGTON – Barack Obama’s optimistic campaign rhetoric has crashed headlong into the stark reality of governing. In office two months, he has backpedaled on an array of issues, gingerly shifting positions as circumstances dictate while ducking for political cover to avoid undercutting his credibility and … More

    Initial Talking Points on CBO Scoring of Obama Budget

    • President Obama’s budget presented at the end of February painted a picture of a fiscal trainwreck. The Congressional Budget Office (CBO) today confirmed what many had suspected – the fiscal consequences of the President’s policies would be much worse. • The President is calling for massive tax increases equal … More