Running On Empty

Actually, we’re running beyond empty now. The United States can’t legally borrow any more money until Congress acts to raise the debt ceiling. US government hits debt ceiling, lighting 11-week fuse Treasury Secretary Timothy Geithner informed Congress on Monday that the United States has reached its legal debt limit, setting off a ticking time bomb [...]

A Line In The Sand?

Does he mean it this time or will he cave to the out of control spending Democrats yet again? Boehner says ‘trillions’ in cuts loom on debt vote The top Republican in Congress wants trillions of dollars in spending cuts as part of must-pass legislation permitting the government to continue to borrow to fund its [...]

Do We Have Your Attention Now?

This is a clear warning shot across this country’s economic bow and definitely not a good development. U.S. Warned on Debt Load A blunt warning Monday from a credit rating firm about the U.S. government’s mounting debt pushed stock markets lower and intensified political divisions in Washington about how best to tackle growing deficits. Both [...]

What Was The [Expletive Deleted] Point?

First they promised to cut $100 billion, then said what they really meant was that they’d hold out indefinitely for $60 billion, then they totally caved in to the Democrats, compromising on $38 billion, and in the end all we got was a lousy $352 million in cuts. What a gyp, shame on the spineless [...]

Bogus Obama Math Busted

It’s bad enough that Obama had the gall to release a farcically irresponsible 2012 budget that kicks the fiscal sanity can down the road and shoves the United States well down the path to third world status, but then he and his clown posse minions have the further, cynical audacity to lie about it to the [...]

Obama Sets Another New Record

And it’s not a good one. U.S. posts record monthly budget deficit The U.S. government posted a budget deficit of $222.5 billion in February, the largest monthly deficit on record, the Treasury Department reported Thursday. The government spent about $333 billion in the month and took in about $110 billion. February is typically a deficit [...]

To Bull[expletive deleted] . . . And Beyond!

The budget Obama released today is a joke, a farce, a massive, steaming pile of bull[expletive deleted]. It’s hard to believe they wasted even more taxpayer money having it printed. It’s a non-serious document from a non-serious politician. It’s painfully obvious that Obama cares more about getting reelected than he does about the country he’s [...]

How Do You “Invest” When You’re Broke?

Hey Obama, what part of “we don’t have any money” don’t you understand? CBO: Federal deficit to hit $1.5T this year Last month’s bipartisan tax cuts and spending deal has deepened the federal deficit dramatically this year, putting the government on track for a nearly $1.5 trillion shortfall — the largest in history — the [...]

A New World Record

And it’s not a record to be proud of. At $14 trillion, US debt surges to all-time high The United States just passed a dubious milestone: Government debt surged to an all-time high, topping $14 trillion – $45,300 for each and everyone in the country. That means Congress soon will have to lift the legal [...]

Time To Pay The Piper

Back in February, Obama created the National Commission on Fiscal Responsibility and Reform to come up with solutions to our $14 trillion national debt problem, a good chunk of that debt created by Obama himself. Anyway, after ten months of deep thought, the commission has released a report that they don’t even agree on. Presenting [...]