Budget Deficit for August is $147 Billion

Sep 14, 13 Budget Deficit for August is $147 Billion

Posted by in Budget, Economics, Featured

Even though this will be the first year that our budget deficit under President Obama has been below the trillion dollar mark, there is really nothing to celebrate if one is intellectually honest and fair. Remember the how breathless the Democrats and the press were when G.W. Bush’s deficit reached $400 billion in his last...

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Estimate March Deficit $107 Billion

Apr 09, 13 Estimate March Deficit $107 Billion

Posted by in Budget, Featured

The following are estimates from the CBO, but they tend to be close to the final Treasury numbers. While spending for March was down, and revenues up, our government still ran a monthly deficit of $107 billion. For fiscal year 2013, even though our out of control spending is tracking somewhat better, our nation has still overspent...

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February Deficit Hits $203 Billion

Mar 13, 13 February Deficit Hits $203 Billion

Posted by in Budget, Featured

I haven’t posted the deficits for December and January because they were nearly even or in surplus for these months.  If not reporting the news that doesn’t fit your agenda is good enough for The New York Times, ABC, CBS, NBC, CNN, and MSNBC, then apparently, I’m a journalist following the highest of ethics....

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Let the Sequester Stand

Feb 05, 13 Let the Sequester Stand

Posted by in Budget, Featured

Today, President Obama, the nation’s sole proprietor of common sense and balance opined that budget cuts and future budget cuts were harming an economy on the verge of taking off.  Oh, I forgot to add, he is the sole owner of “about to improve, take off, and rebound” as well. The whole problem with his argument is...

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#WhyIsMyPaycheckLessThisWeek or The Reality of the Fiscal Cliff Deal

Jan 05, 13 #WhyIsMyPaycheckLessThisWeek or The Reality of the Fiscal Cliff Deal

Posted by in Budget, Featured

What the President said: This week, President Obama signed the American Taxpayer Relief Act of 2012 into law. That means middle-class families won’t see an increase in their income tax rates, and the fiscal cliff has been avoided. The reality, as only reported in a foreign newspaper, as the propaganda arm of the Democratic...

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Official Deficit for November $172,112 Billion

Dec 12, 12 Official Deficit for November $172,112 Billion

Posted by in Budget, Featured

Looking at the Treasury’s posting of last month’s Federal deficit, it is obvious that ours is not a revenue issue.  After all, November FY 2013 saw a $9 billion increase in revenue.  Spending, though, increased by $44 billion year over year. The bottom line problem is that people are voting their self-interest.  When...

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