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    Obama’s Upside Down Press Conference

    August 8, 2011 at 6:15 pm

    54 Comments

    U.S. President Barack Obama speaks to the media in the State Dining Room of the White House on August 8, 2011.

    President Barack Obama made two fundamental mistakes today in his press conference which was intended to calm the markets. First, he did not lead off with a moment of reflection on the loss of American military lives in Afghanistan over the weekend. Second, he completely missed the boat on why Standard … More

    U.S. Debt Now Surpasses 2010 GDP

    August 5, 2011 at 9:00 am

    17 Comments

    treasury_081024

    The U.S. Treasury Department came out today with its Debt Position and Activity Report for July. The news is bleak. With the additional $238 billion the Treasury immediately borrowed when the debt ceiling was raised on August 2, total current debt now exceeds 2010 gross domestic product (GDP) for the … More

    What the S&P’s Warning on Spending Means for America

    April 19, 2011 at 11:15 am

    8 Comments

    United States government, be forewarned: Your credit won’t always be good if you fail to get control of the debt while keeping up your big-spending ways. And merely raising the debt limit won’t be enough to solve your problems. That was the message delivered yesterday by Standard & Poor’s (S&P) … More

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    The Morning Bell
    Morning Bell: Immigration Reform in One Infographic

    The Senate Judiciary Committee approved the Gang of Eight’s immigration bill on Tuesday. It will go to the Senate floor after the Memorial Day recess. Heritage has pointed out the problems with this “comprehensive” approach — including the staggering costs of amnesty and a failure to secure the border. SHARE … More

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