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To End the Deficits, Slash the U.S. "Security" Budget
20 hours ago ago from Snuffysmith's Blog
To End the Deficits, Slash the U.S. "Security" Budget President Obama's proposed budget would cut federal spending to 8.3 percent of GDP in Fiscal Year 2011, down from the gargantuan 10.6 percent for the current year. Although still high by historical standards, that proportion could fall even more if the economy improves and if more political upheavals like the one in the senate race in Massachusetts occur, according to Ivan Eland, ...
Related contentObama On Raising the Debt Ceiling
16 hours ago ago from Geek Politics
This is from a speech Obama made in 2006: The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 ...
Related contentCould Trillion Dollar Debt Kill Obama Health Care Reform?
5 hours ago ago from The Foundry: Conservative Policy News.
It seems the President’s spending habits have finally caught up with him, threatening to kill a government overhaul of health care. Though President Obama and congressional Democrats continue to insist that health care reform is on the horizon, the increasing national concern over the rising public debt presents an undeniable obstacle. James Capretta, a Fellow at the Ethics and Public Policy Center, outlines why this is the case in a ...
Related contentWeekly Audit: Attack of the Imaginary Budget Demons
13 hours ago ago from The Media Consortium
By Zach Carter, Media Consortium Blogger On Feb. 1, President Barack Obama unveiled his 2011 budget proposal. While conservative pundits reacted with predictable, yet preposterous, wailing about the federal budget deficit, the short-term U.S. budget outlook is just fine. If anything, Obama's budget doesn't dedicate nearly enough funding to create jobs. As John Nichols notes for The Nation , Obama budgets just $100 billion for jobs ...
Related contentBudget criticism – exagerated
21 hours ago ago from SMOKINCHOICES (and other musings)
Budget problems blown out of proportion Paul Krugman writes for The New York Times PAUL KRUGMAN These days it’s hard to pick up a newspaper or turn on a news program without encountering stern warnings about the federal budget deficit. The deficit threatens economic recovery, we’re told; it puts American economic stability at risk; it will undermine our influence in the world. These claims are reported as if they were ...
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The Media Consortium: Weekly Audit: Attack of the Imaginary Budget Demons
6 hours ago ago from Huffington Post
By Zach Carter, Media Consortium Blogger On Feb. 1, President Barack Obama unveiled his 2011 budget proposal. While conservative pundits reacted with predictable, yet preposterous, wailing about the federal budget deficit, the short-term U.S. budget outlook is just fine. If anything, Obama's budget doesn't dedicate nearly enough funding to create jobs. As John Nichols notes for The Nation , Obama budgets just $100 billion for jobs in ...
Related contentEric Margolis: AMERICA: THE SICK MAN OF THE WESTERN HEMISPHERE
4 hours ago ago from Huffington Post
Reckless finance has undone more empires throughout history than invasions by enemies. If history teaches one important lesson, it's that politicians should never be given a free hand to borrow money to cover the costs of wars, overseas adventures, or military spending. President Barack Obama calls the US $3.8 trillion budget he just sent to Congress a major step in restoring America's economic health. In fact, it's another potent fix ...
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