Deficit
In a previous post, I quoted the CBO estimate of the April deficit at $85 billion. You will be relieved to know that the true number is only $82.6 billion! Here’s the Finanacial Management Service’s April report: Besides the obvious fact that Obama and the Democratic controlled Congress lack the philosophy or sense to govern [...]
Today's News
Obama’s socialist domestic agenda is still on track, if by “on track” one means heading towards financial disaster. For the month of April, Obama and his Democratic brethren in Congress ran an $85 billion deficit. For the year, the Democratic brain trust, has amassed a $413 billion dollar deficit. By year, I mean for the [...]
Continue reading about April’s Federal Budget Deficit: $85 Billion
From the CBO: The federal government recorded a deficit of $31 billion in September, CBO estimates, in contrast with a surplus of $42 billion recorded in the same month last year. Quarterly payments of estimated individual income taxes and corporate income taxes typically result in a surplus for September; however, lower revenues and increased spending resulted in [...]
Continue reading about Team Obama Runs $31 Billion Deficit in September
From the CBO: OUTLAYS THROUGH JUNE (Billions of dollars) Major Category Actual FY2008 Preliminary FY2009 Percentage Change Defense—Military 440 474 7.7 Social Security Benefits 453 490 8.2 Medicarea 285 314 10.2 Medicaid 151 186 22.9 Unemployment Benefits 33 83 155.6 Other Activities 667 757 13.5 Subtotal 2,028 2,304 13.6 Net Interest on the Public Debt [...]
Continue reading about Budget Madness: Growing Spending and Less Cash to Pay for it all
Folks, in the last week, we’ve seen a rift in the space-time continuum develop, where our President Obama intermittently changes place with his evil twin from a parallel universe. And my mom thought Star Trek was stupid. In fact, I have photographic evidence (at least up to the standards of the tabloids anyway) of the [...]
