Keyword: deficitsanddebt

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  • So Close: House Rejects Obama Budget 413-2

    04/10/2014 2:56:31 PM PDT · by Kaslin · 31 replies
    Townhall.com ^ | April 10, 2014 | Guy Benson
    UPDATE- The House has passed the Ryan budget 219-205. The 'Path to Prosperity' received 217 more votes than the president's budget. You can read the GOP's plan here. My summary is here. *** Original Post *** Last we checked in on the budget battle in DC, our post-partisan president was smirkingly denouncing House Republicans' fiscal blueprint as a "stink burger" and "meanwich." The wit! The erudition! With Congress' lower chamber poised to pass Paul Ryan's 'Path to Prosperity' -- which reduces the rate of federal spending increases, reforms Medicare and balances within ten years -- the House first took up...
  • Photo: 20,000 Pages of Obamacare Regulations

    03/12/2013 5:55:20 PM PDT · by Kaslin · 26 replies
    Townhall.com ^ | March 12, 2013 | Guy Benson
    Late last week, Obamacare regulators added more than 800 pages to an ever-growing document that will govern your healthcare. The bureaucrats' work product now prints out to 20,000 pages -- nearly eight times the length of the infamous original bill: That tower is already taller than Kobe Bryant (see update), and much of the law hasn't even gone into effect yet. According to the Government Accountability Office, Obamacare is projected to add $6.2 trillion to the nation's long-term deficits, despite presidential assurances that it wouldn't add a "single dime" to our red ink:
  • Again: Obama Misses Another Budget Deadline

    02/04/2013 5:07:27 PM PST · by Kaslin · 17 replies
    Townhall.com ^ | February 4, 2013 | Guy Benson
    We've known this failure was forthcoming for some time, but it's still worth flagging for several reasons, which we'll get to momentarily.  First, the basics:   Monday marked the deadline set in law for President Obama to submit a budget, but he missed it — making this the fourth time in his five years in office that he's failed to submit the blueprint on time. That makes his record equal to the three previous presidents combined, who spanned 20 years in office. This year, Mr. Obama blamed the late passage of his tax increase deal early last month. "Because these issues were not...
  • It's Come to This: GOP Rep Introduces Bill to Block Trillion Dollar Coin Scheme

    01/08/2013 4:42:05 PM PST · by Kaslin · 43 replies
    Townhall.com ^ | January 8, 2013 | Guy Benson
    I humbly proffer the ultimate companion piece to this morning's item, which quoted the President Obama expressing his irritation over John Boehner's incessant carping about some "government spending problem" the president is convinced doesn't really exist.  Ladies and gentlemen, it has indeed come to this:   Lawmakers are still positioning themselves for a debt ceiling fight in a few months, but one Republican congressman wants to snuff out a particular idea immediately: the U.S. Treasury minting $1 trillion platinum coins to avert a debt ceiling showdown. Rep. Greg Walden (R-Ore.) has introduced a bill to specifically ban President Barack Obama...
  • Obama's Second Term Starts With More of the Same

    01/04/2013 9:03:54 AM PST · by Kaslin · 9 replies
    Townhall.com ^ | January 4, 2012 | Donald Lambro
    WASHINGTON -- The newly elected Republican-led House was peacefully sworn into office Thursday as GOP leaders began planning for four years of divided government. If you thought the past year was a rocky one, 2013 may make the political trench warfare battles of 2012 look like a Sunday school picnic. Soon after the smoke cleared in the wee hours of New Year's Day, when Congress had taken the government to the precipice of the "fiscal cliff," and even a bit over, it was clear that ever more contentious battles awaited incoming lawmakers. There were the automatic spending cuts buried in...
  • Report: Obama Makes Threats, Concedes Little During Fiscal Cliff 'Negotiations'

    12/26/2012 5:30:13 PM PST · by Kaslin · 43 replies
    Townhall.com ^ | December 26, 2012 | Guy Benson
    While most media accounts of the fiscal cliff fiasco have focused on Republicans' travails, few have adequately noted Democrats' starring role in our current dysfunction.  Harry Reid obstructed a vote on the president's plan, Nancy Pelosi whipped votes against her own erstwhile plan, and the president has fully retreated from ideas he supported as recently as last year.  A pre-Christmas Wall Street Journal article walks readers through the failed negotiations, and two recurring themes are woven throughout: (1) Obama has zero interest in meaningful concessions on his end, and (2) Obama is supremely confident in his ability to stick Republicans...
  • Fearing Defeat, Obama Now Says Hes Focused on Deficits and Debt

    10/26/2012 6:03:14 AM PDT · by Kaslin · 38 replies
    Townhall.com ^ | October 26, 2012 | Donald Lambro
    WASHINGTON - The latest sign President Obama fears he's headed for defeat came this week when he said he'd seek a "grand bargain" with Republicans to reduce a $16 trillion debt. Over the course of his campaign, Obama has ignored the monstrous debt he's piled up over the past four years in an orgy of unprecedented annual spending increases and budget deficits. Now, with little more than a week left before Election Day, and the presidential race in a dead heat, he suddenly wants a compromise with Republican leaders in Congress to curb spending and borrowing. Well, he's four years...
  • "He Gave Us A Phone, He's Going to do More"

    09/28/2012 3:21:06 AM PDT · by Kaslin · 52 replies
    Townhall.com ^ | September 27, 2012 | Guy Benson
    This video, which is being featured on Drudge, was shot at a protest outside of a Romney campaign rally in Ohio. It appears to have been organized by the SEIU: Interviewer: You've got an Obama phone?Obama supporter: Yes! Everybody in Cleveland or minority got a phone. Keep Obama in president, you know? He gave us a phone. He's going to do more.Interviewer: How'd he give you a phone?Obama supporter: You sign up if you're on food stamps, you're on Social Security, you've got no income, you're [on] disability.Interviewer: What's wrong with Romney, again?Obama supporter: Romney? He sucks. Bad. Why...
  • White House: $1.2 Trillion Deficit in 2012

    07/27/2012 7:55:57 PM PDT · by Kaslin · 5 replies
    Townhall.com ^ | July 27, 2012 | Guy Benson
    Just so you know, this deficit is totally out of context and was certainly not built by President Obama: The Obama administration projects a budget deficit of $1.211 trillion this year, though that is $116 billion lower than an estimate released earlier in the year. "This reflects lower-than-expected spending, partially offset by lower-than-expected receipts," Budget Director Jeffrey Zients wrote on the White House website. In unveiling the administration's midyear budget review, Zients reported that this year's deficit is estimated to be 7.8% of Gross Domestic Product. That is less than the 8.5% projected in a similar report in February....