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Keyword: deficitspending

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  • Penzeys Shows Me its True Colors

    03/04/2015 5:46:31 AM PST · by JayGalt · 12 replies
    email | Wed, Mar 4, 2015 | Bill Penzey
    The Pi Day of the century, 3.14/15 is only a little over a week away. For a time now Pi Day has been all about fun and of course pie, but with the way in recent years, science and even reality itself have come more and more under attack, I’m thinking maybe this year it’s time for Pi Day to emerge as something more than just fun. For so much of our history, the people of our country and the world have benefited greatly from the science-based reality that has shaped America’s future. Science may be based on numbers, but...
  • The Incurable Disease -- Government Spending

    11/02/2014 9:03:10 PM PST · by Abakumov · 7 replies
    Radix News ^ | November 3, 2014 | Ben Carson
    I have had a fulfilling career as a pediatric neurosurgeon, which unfortunately included numerous instances where worst-case scenarios played out in the operating room. Good surgeons plan ahead for these possible events so that bad outcomes are minimized. But of course, few treatment plans will succeed if the doctor continually fails to make a proper diagnosis before surgery begins. When I look at our nation’s massive federal debt, it is clear that Washington has chronically misdiagnosed the situation, which has resulted in a seemingly never-ending cycle of borrowing and spending. Much like a life-threatening disease, if the underlying cause is...
  • I Hate When That Happens...

    10/09/2013 5:58:16 AM PDT · by SatinDoll · 6 replies
    The Market-ticker ^ | October 9, 2013 | Karl Denninger
    You know how it is, you're going along with the lies that are told every day about "recovery" and "economic conditions are kinda "OK" and "we're doing all right" and then the mainstream media and "economists" like Goldman's Alec Phillips step on their ***** and tell the truth by accident. Economists at Goldman Sachs Group Inc., IHS Inc. (IHS) and BNP Paribas SA said they expect the Treasury to husband the tax money it collects to make sure it can meet interest and principal payments on the nation’s debt. Other obligations, from salaries of government workers to payments to defense...
  • Sequester: Not Even a Cut

    03/06/2013 4:21:14 AM PST · by Kaslin · 7 replies ^ | March 6, 2013 | John Stossel
    If you're reading this, you've survived the "sequester" cuts! That may surprise you, since President Obama likened the sequester to taking a "meat cleaver" to government, causing FBI agents to be furloughed, prosecutors to let criminals escape and medical research to grind to a halt! The media hyped it, too. The NBC Nightly News said, "The sequester could cripple air travel, force firefighter layoffs -- even kick preschoolers out of child care!" The truth is that the terrifying sequester cuts weren't even cuts. They were merely a small reduction in government's planned increase in spending. A very small reduction. After...
  • The Ugly Reality On The Budget, Deficits And Debt Ceiling

    01/06/2013 10:34:02 AM PST · by SatinDoll · 19 replies
    The Market Ticker ^ | January 6, 2013 | Karl Deninger
    As you folks all know I've been pounding the table for years about the fact that if we're serious about addressing what's wrong with our budget we must break the medical monopolies. Indeed, there's an entire sub-category of Tickers dedicated to Health Reform, which I started writing on when the entire Obama mess began and the discussion took off in earnest. But lately I've been asked to look once again at exactly what sort of realistic budget cuts we could make, especially now that the "fiscal cliff" game has been "punted." Let's remember something here folks -- last calendar year's...
  • Insanity: Spending Our Way Out of Debt

    01/02/2013 11:02:57 AM PST · by SaveOurRepublicFromTyranny · 3 replies
    TPNN - TEA PARTY NEWS NETWORK ^ | January 2, 2013 | Jennifer Burke
    Congress continues to show that they view us as serfs and view your hard earned money as automatically belonging to them first… should just be happy that they allow you to keep some...
  • Our debt isn't the problem (Why worry about balancing the federal budget at all?)

    01/01/2013 4:43:34 PM PST · by gunsequalfreedom · 22 replies
    NewEconPerspectives ^ | January 1, 2013 | Stephanie Kelton
    Look, up in the sky! It’s a “fiscal cliff.” It’s a slope. It’s an obstacle course. The truth is, it doesn’t really matter what we call it. It only matters what it is: a lamebrained package of economic depressants bearing down on a lame-duck Congress. This hastily concocted mix of across-the-board spending cuts and tax increases for all was supposed to force Congress to get serious about dealing with our nation’s debt and deficit. The question everyone’s asking is this: On whose backs should we balance the federal budget? One side wants higher taxes; the other wants spending cuts. And...
  • The Madness of Keynesian Economics

    12/24/2012 7:50:37 AM PST · by Moseley · 14 replies
    American Thinker ^ | December 24, 2012 | Jonathon Moseley
    President Barack Obama demands more stimulus spending to avoid the "fiscal cliff." Obama increased the national debt $6 trillion to $16 trillion. Yet the Democrats' 'cure for what ails ya' is even more spending. Obama demands around $75 billion in new spending to stimulate the economy in 2013. "Keynesian Economics" is the insane belief that the economy can be stimulated by government spending. It provides the excuse to depart from common sense that allows politicians to ignore the alarm bells. It is ludicrous mainly because our government doesn't have any money to spend. If the government had a surplus saved...
  • Oh My: McConnell Laughed Out Loud When Geithner Discussed Obama’s Plan

    11/30/2012 2:54:55 AM PST · by Kaslin · 24 replies ^ | November 29, 2012 | Daniel Doherty
    Negotiations can’t be going too well if the Senate Minority leader is openly scoffing at President Obama’s “bipartisan” plan to solve the looming “fiscal cliff” crisis. Yikes: Mitch McConnell, the Senate Republican leader, says he “burst into laughter” Thursday when Treasury Secretary Tim Geithner outlined the administration proposal for averting the fiscal cliff. He wasn’t trying to embarrass Geithner, McConnell says, only responding candidly to his one-sided plan, explicit on tax increases, vague on spending cuts. Geithner’s visit to his office left McConnell discouraged about reaching a “balanced” deal on tax hikes and spending reductions designed to prevent a shock...
  • If Obama wins he will nationalize your 401K

    09/07/2012 11:06:25 AM PDT · by Pietro · 84 replies
    Vanity | 9/7/2012 | Pietro
    I beleive that if Obama wins this election he will move to nationalize our 401Ks and every other pension plan in the country. Why? Consider: Even after raising taxes on the "rich" he'll be no nearer to reducing the deficit; and then Obamacare kicks in. His big idea boys will look around and notice the trillions locked up in pensions and 401Ks. They'll figure its all the government's money anyway and so they'll grab it. They won't be able to go through the legislature so they'll need to use one of the Cabinet dept's to make the grab, and they'll...
  • Labor Dept. Attempts to Stop Layoffs by Giving $100 Million to States to Subsidize Payrolls

    08/15/2012 6:29:00 PM PDT · by bt_dooftlook · 20 replies ^ | 08/15/2012 | Penny Starr
    The Labor Department announced on Monday that it will be awarding almost $100 million in grant funding to states to prevent layoffs by allowing businesses to pay employees as part-time workers and the federal government will pick up the tab for the cost of a full-time paycheck. The “work-sharing” program was passed as part of a Republican-led bill in the House, H.R. 3630, and Senate Amendment 1465 to extend the payroll tax deduction and unemployment benefits. In February 2012, President Barack Obama signed the bill into law, which included the $100 million in funding. "Establishing or expanding work-sharing programs nationwide...
  • Name The Bubble (Guessing Contest)

    02/27/2012 11:29:52 AM PST · by RightGeek · 14 replies
    Zero Hedge ^ | 2/27/2012 | Tyler Durden
    As the title suggests, please name the latest bubble: (see picture - answer below)
  • Debt? What’s the big deal. Do you have kids?

    01/18/2012 1:14:57 PM PST · by Mark Landsbaum · 4 replies
    Orange Punch Orange County Register blog ^ | 1-18-2012 | Mark Landsbaum
    Sometimes it helps to offer an analogy to show how utterly out of their minds they are in Washington when it comes to financial matters. We offer for your consideration, this short video. The names have been changed to protect the politicians.
  • Chart showing History of U.S. Surplus or Deficit by Year since 1890

    08/13/2011 7:48:31 AM PDT · by Rebam98 · 50 replies ^ | 8/12/11 | Amber Pawlik
    This is your government. This is your government on deficit spending. Any questions?
  • The Addiction of Deficit Spending

    05/25/2011 6:46:44 AM PDT · by jmaroneps37 · 7 replies · 1+ views ^ | May 25, 2011 | Basil Irwin, staff writer
    Almost any knowledgeable person with a lick of common sense knows government can’t create jobs. If it could, then a private-sector economy wouldn’t be needed, you know, like in those dynamos of economic propensity, communism and socialism. Thus, Obamanomic “stimulus” has amounted to nothing more than “creating” jobs that are the modern-day equivalent of hole-digging/hole-filling operations. That’s because, by definition, jobs “created” by government “stimulus” are jobs the private industry didn’t/wouldn’t/couldn’t create because such jobs would not have been productive, wealth-creating jobs. And when the government stimulus stops as it invariably must, the government “created” jobs will cease to exist...

    03/15/2011 10:26:59 AM PDT · by tutstar · 42 replies
    US Congress ^ | 3/15/11 | misc
    PolitiFact, FactCheck, and WaPo All Confirm: The $105 Billion Obamacare Slush Fund Exists SLY to put it nicely for the 3 jokers to hide teh funding in the bill. Why on earth would the House vote to repeal ZERO-care but vote to fund the monstrosity? If the dems had done the budget back in the fall there wouldn't be the possibility of government shutdown in the first place. They didn't want the budget to affect the Nov election and they don't want to commit to it now. It was supposedly to their advantage so that they can say the "Republicans...
  • JOHN STOSSEL: I Can Balance the Budget

    02/03/2011 2:46:26 PM PST · by smokingfrog · 56 replies ^ | 3 Feb 2010 | John Stossel
    The Congressional Budget Office says the current year's budget deficit will be a record $1.5 trillion. It also says that over the next decade we're on track for annual deficits of "only" $768 billion. I suspect the CBO has hired Rosy Scenario to do the bookkeeping, but let's take that number at face value. I'm now going to balance the budget, with the help of some recent guests on my TV show. I'll begin with things I'm most eager to cut. Let's privatize air traffic control. Canada did it, and it works better. Then privatize Amtrak. Get rid of all...
  • Jobs threatened as end nears for stimulus

    12/13/2010 2:15:09 AM PST · by Cincinatus' Wife · 15 replies
    Houston Chronicle ^ | December 13, 2010 | Stewart M. Powell
    ..."That's the nature of a short-term stimulus," says Thomas Mann, a scholar at the Brookings Institution in Washington, D.C., and former executive director of the American Political Science Association. "Many jobs initially created or temporarily sustained with federal support will disappear if the private economy does not revive and state government (tax) receipts do not increase." Situation 'dire' The end of $787 billion in national emergency spending is pushing Houston-area recipients to hasten the search for new ways to pay for the jobs - or face politically embarrassing layoffs. The "few jobs (the stimulus) did create have been temporary and...
  • Obama to announce $50 bln infrastructure job plan (Failed "Stimulus", The Sequel)

    09/06/2010 6:07:51 AM PDT · by tobyhill · 54 replies · 1+ views
    reuters ^ | 9/6/2010 | STAFF
    U.S. President Barack Obama will announce on Monday a six-year infrastructure revamp plan with an initial investment of $50 billion to jump-start job creation, a white house official said. Obama is committed to working with the U.S. Congress to fully fund the program, which also includes a proposed infrastructure bank to leverage private capital, the official said. Obama is to make the announcement in Milwaukee, where he will make a speech to a labor rally on Monday, the Labor Day holiday that marks the informal start of the election campaign season. With a jobless rate near 10 percent, Democrats are...
  • Answering the Wrong Question

    08/12/2010 2:24:18 PM PDT · by timesthattrymenssouls · 3 replies · 1+ views
    Constitutional Guardian ^ | 8/12/2010 | Nancy Tengler
    The Democrats and their profligate spending indicate clearly that they are motivated by the question: How much money can we spend? Not how many jobs can we create. And their spending, rather than slowing, is gaining momentum like a snowball rolling down a hill. Faster, more furious, unstoppable. Trillion after trillion after billions zoom by to the point of eyes glazing, minds numbing. A giant blur of dollar signs. Expansive, exploding, multiplying like a deadly virus, unreal in its magnitude and potential for calamity. Yet despite the spending, the unemployed remain so, in fact their numbers have ballooned. The job...