$1 Trillion
That’s the amount of average annual deficit that the CBO now says President Barack Obama’s budget will lead to for the next decade.”
And that’s not counting Medicare’s $38 trillion unfunded liability and before the nation is soaked with the trillions Obamacare could actually end up costing $2.3 trillion over the same period.
All I can say [...]
Are the Democrats Coming After Your Savings?
Beginning around 40 years ago, the federal government implemented one of the wisest domestic policy initiatives of modern times. In an effort to equalize the tax treatment of employees and self-employed individuals, a series of statutes permitted self-employed persons to save pre-tax money for retirement and to accumulate funds in retirement accounts that are [...]
Contract Renewal
You’ve must admit, there’s something Churchillian about Newt
Gingrich. He may not be the most beloved politician on the
national scene, but Newt always has his eye on the ball. Nobody
does the issues better.
This casts Newt in the role that Churchill played when he
was an [...]
IBD: Drilling Ban To Cost Trillions
An IBD editorial points out the results of a new study that arrives at its conclusions through simple math, common sense and Economics 101 - unlike the IPPPC’s climate fantasies derived by running faulty assumptions and bad data through inaccurate computer models.
The conclusion: Energy is expensive, and we’re leaving vast amounts in the ground [...]
Obama’s Jobless Relapse
Let’s see…
The economy is rocky; so the Obama Administration responds by:
Pouring hundreds of billions of dollars down the rathole of “stimulus,” funneling most of it to well-heeled political cronies, ficticious accounts, and radical organizations;
Forcing banks, financial institutions, and huge corporations to accept “bailouts” — accompanied by nationalization;
Piling on hundreds of new, hideously expensive government programs [...]
Ben Bernanke: Ignoramus - or Politician?
So the allegedly smartest financial guy in the world hath spoken on the housing-finance crisis. He spake at length; if you want to readeth the entire brain-numbing speech, here it be.
He spoke of the various factors (notably monetary policy) that could have led (but didn’t) to the housing bubble, the collapse of which is [...]
