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 […]

How Can You Tell She’s Lying?

Her lips are moving. Well, how’d that promise work out? Debt Has Increased $5 Trillion Since Speaker Pelosi Vowed, ‘No New Deficit Spending’ When Rep. Nancy Pelosi (D-Calif.) gave her inaugural address as speaker of the House in 2007, she vowed there would be “no new deficit spending.” Since that day, the national debt has […]

Is China A Great Country Or What?

I’ll go with or what. Obama, he’ll go with the bow to Chinese President Hu Jintao. China tries to sterilise 10,000 parents over one-child rule Doctors in southern China are working around the clock to fulfil a government goal to sterilise — by force if necessary — almost 10,000 men and women who have violated […]

All Aboard!

House to Hold Crucial Health Care Vote Sunday The U.S. House of Representatives is set to hold a crucial vote on Sunday on sweeping health care reform legislation. President Barack Obama has postponed his planned Asia-Pacific trip to Indonesia and Australia for a second time to be in Washington, D.C. as Congress votes on his […]

Obama Pounds 3.8 Trillion More Borrowed Nails In America’s Economic Coffin

We’re quickly nearing the tipping point where the interest payments alone on our debt will swamp our ability to pay them, yet Obama’s stomping the spending accelerator down to the floorboards with a record setting budget proposal, for the second year in a row. Just wait until interest rates rise and watch how much more […]

Read It And Weep For America’s Future

Obama gets bad numbers from Congressional Budget Office Jobs and the deficits are going to be big themes of President Obama’s big speech tomorrow — and he got some bad numbers on both topics today from the Congressional Budget Office. Oval colleague Richard Wolf breaks it down for us: Here’s more bad news on the […]

And The Loser Is . . . The American People

The last Democrat Senator has literally been bribed and his vote bought and paid for. Harry Reid has the 60 votes he needs to screw the American people who, by the way, are rapidly souring on this travesty. Nelson Accused of Selling Vote on Health Bill for Nebraska Pay-Off What started as Sen. Ben Nelson’s […]

We Can’t Pay Back What We Already Owe, So Let’s Borrow More!

Pelosi to propose debt ceiling increase Language that would raise the U.S. debt ceiling will be included in a defense spending bill up for a vote next week, House Speaker Nancy Pelosi said Thursday. The deficit is expected to grow by nearly $1.4 trillion this year. House leaders haven’t reached consensus on how much to […]