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  • trillion dollar deficits

    The Blue Dog PAYGO Farce

    According to the Washington Post the only speed bump left in the Senate-House budget reconciliation process is Blue Dog insistence that pay-as-you-go budget rules (PAYGO), that supposedly would prohibit new initiatives that increase the annual budget deficit, be enshrined in federal law. We appreciate the Blue Dogs desire to rein … More

    Not Even Krugman is Buying Obama's "Spending Cut"

    New York Times Columnist Paul Krugman reacts to President Barack Obama’s $100 million spending cut: “pretty soon, even here in Washington, it adds up to real money,” says the president. Except, you know, really it doesn’t. Let’s say the administration finds $100 million in efficiencies every working day for the … More

    Big Spending Obama is Back Today

    Yesterday President Barack Obama asked his cabinet to make a total of $100 million in cuts among their departments. That was “fiscally responsible” President Obama. We like him. We just wish we got to see him more often. Today, “reckless spending” President Obama is back at work, following through on … More

    Morning Bell: The President Set the Tone on Spending

    Yesterday, President Barack Obama ordered his cabinet to identify and shave a collective $100 million in administrative costs from their budgets. This is the same President Barack Obama who berated conservatives earlier this year at a House Democrat resort retreat for not supporting his $787 billion stimulus package incredulously asking, … More

    Obama's Spending vs Obama's Spending Cuts -- in Pictures

    According to reports, President Barack Obama plans to convene his Cabinet for the first time today, where he will order members to identify a combined $100 million in budget cuts over the next 90 days. Just how laughable is Obama’s latest stunt to try to maintain his “fiscal responsibility” credentials? This graphic … More

    WaPo: Obama Health Care Talk Lacks "All Seriousness"

    Cheerleading for his administration’s economic performance yesterday, President Barack Obama said: I absolutely agree that our long-term deficit is a major problem that we have to fix. … As I will discuss in a moment, the key to dealing with our deficit and debt is to get a handle on … More

    The True Story On Chinese Bond Purchases

    The New York Times today both informs and misleads on China’s role in the American economy. The Times headline warns, “China Slows Purchases of U.S. and Other Bonds.” That may well be true, but it isn’t supported in the story that follows. The story actually cites slower growth in the … More

    Stimulus Bridges to Nowhere

    President Barack Obama’s nearly $800 billion in deficit spending is just beginning to be spent and already stories are trickling in about how the money is being wasted. Remember that bridge to nowhere in Alaska? Well the Milwaukee-Wisconsin Journal Sentinel reports that Obama’s stimulus is funding 37 bridges just like … More

    Obama's Doubling of National Debt in Pictures

    President Barack Obama continues to claim that his budget would cut the deficit by half by the end of his term. But as Heritage analyst Brian Riedl has pointed out, given that Obama has already helped quadruple the deficit with his stimulus package, pledging to halve it by 2013 is … 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