Budget

Eight months after President Obama signed a stimulus package worth $787 billion, less than half the funds have been spent and nearly half of Americans want the remainder to be repealed. Of course, that hasn't stopped the mainstream media from pushing for more. Recall that before the first bill was even signed, Reuters hailed a statement from billionaire George Soros warning that it wouldn't…

Wednesday’s CBS Evening News With Katie Couric and Thursday’s Early show completely ignored any mention of the fact that the deficit has risen to a staggering $1.4 trillion, triple what it was a year ago. The Early Show, however, did find time to report the incredibly important news that Levi Johnston will be posing for Playgirl. Just one year ago, on October 7, 2008, Katie Couric made sure to…

Following the talking points of the Democratic Party, at the top of Thursday’s CBS Early Show, co-host Maggie Rodriguez declared a win for health care legislation being pushed by Montana Senator Max Baucus: “President Obama’s health care plan gets a green light from the Congressional Budget Office, as a key bill not only pays for itself, but actually saves billions.”Rodriguez later introduced a…

It isn't often that one can see two decades of history re-written in under ten minutes.  But such was the occasion on this morning's episode of Morning Joe. Max Blumenthal, author of "Republican Gomorrah: Inside the Movement that Shattered the Party," spent his time on the show demonstrating the combined power of cognitive dissonance, wanton ignorance, and a willingness to re-write historical…

In the news today, the President and Oprah attempt to snag the Olympics from Rio, a Congressman yells something dumb on the floor of the House (not a Republican!), and double standards abound.  Meanwhile, back on the Hill, there's a humble bill involving the entire health care system of the United States making its way through the Senate.  Lawrence O'Donnell is not usually so honest and brazen…

Here's more "civility" from the Left. In a Chicago Tribune article today that appears to open as an attempt at humor but quickly devolves into nastiness, NPR-dependent radio host and author Garrison Keillor, among other things, attacks social conservatives, blames them and not those who have brought legal actions for years-long fights over keeping religious symbols right where they are, and --…

UPDATE AT END OF POST: 2006 video of Sen. Barack Obama applauding the death of Social Security reform. Contrary to what the Left and their media minions told Americans in 2005 when President George W. Bush wanted to reform Social Security, the nation's largest entitlement program is now projected to run deficits for at least the next two years.In an article on the subject published Sunday, the…

Somebody really needs to find the Associated Press's Martin Crutsinger some OCD therapy. It seems that he has a not-magnificent obsession with the two major theaters of the War on Terror (yeah, I still call it that), and that he seemingly won't be able to conquer it without outside intervention. In his report on August's federal budget deficit, the AP reporter continued to cite the wars in Iraq…

In a Sunday "uh-oh" review of 2010's electoral landscape as it applies to nationwide congressional races, the Associated Press's Beth Fouhy insulted GOP voters while effectively implying that they are the only ones who oppose ObamaCare, "reckless spending, and high debt." The foundation of Fouhy's piece is a fear that Democrats may be in peril of losing their House majority in 2010. Funny, when…

The September 7 edition of Time magazine features a brief article up front on "A Brief History of the U.S. Deficit." Writer Claire Suddath claims that the quadrupling of the deficit under Obama is somehow a good news/bad news story: The good news is that the Obama Administration has scaled back its estimate of this year's budget deficit to an estimated $1.58 trillion (down from $1.84 trillion in…

Some of us have been wondering how viable the Voluntary Employee Benefit Arrangements (VEBAs) set up by the United Auto Workers for its auto industry employees really are. This is of particular concern at the VEBAs tied in to General Motors and Chrysler. What happens to the employer stock these VEBAs own will heavily influence whether they have the money to pay promised benefits. The answer to…

Amid all of the tributes to Ted Kennedy’s lengthy career of expanding the scope of government and its cost to taxpayers, CNN’s American Morning on Friday dug up a six-week old op-ed from the Tax Policy Center’s Len Burman warning that massive trillion-dollar deficits are a catastrophe that could lead to the end of the U.S. as a great power “or even a mediocre one.”With the on-screen graphic…

Remember the shock generated when the Obama Office of Management and Budget recently announced that the projected 10 year deficit was increased from $7 trillion to $9 trillion? Guess what? That lastest projection is based on "make believe" economics. Although most media outlets have failed to report on it, stories from both Reuters and Forbes reveal that the true 10 year budget deficit will…

Try to keep a straight face when you hear this: President Barack Obama isn't getting enough media love. That's the world view of MSNBC "Hardball" host Chris Matthews - at least when it comes to the economy. According to Matthews, there has been a plethora of positive economic news - from a stock market that has shrugged off the threat of bad liberal policy, i.e. cap-and-trade or ObamaCare, to…