The Wall Street Journal on the national deficit: At $1.47 trillion, the federal deficit this fiscal year exceeds all defense and nondefense spending at Congress’s discretion by $110 million. In other words, lawmakers could eliminate the entire military, all federal education, agricultural, housing programs, federal prisons, the Central Intelligence Agency, Federal Bureau of Investigations, Coast […]

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The AP: Treasury Secretary Tim Geithner said that allowing tax cuts for the wealthy to expire would be “the responsible thing to do.” [. . .] “It’s responsible to let the tax cuts expire that just go to 2 percent to 3 percent of Americans, the highest earning Americans,” Geithner told ABC’s “This Week” in […]

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Debt, by definition, is what one accrues when one spends more money than one has to spend. Demotards and their friends at The Washington Post would have us believe that debt is what one accrues when one doesn’t make as much as one spends. Although they have blamed Democrats for record budget deficits, most Republican […]

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There has been a whole lot of me harping, criticizing, and cussing about democrats of late. There is a simple reason for that: they are the only ones doing something. Demotards accuse Republitards of being the party of no, saying essentially that they are trying to throw a wrench in the congressional machine. Make no […]

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We really need this line to start moving the other way.

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Political Expediency. Republicans back away from their (correct) stance of withholding further unemployment extensions which are not paid for by equivalent spending cuts elsewhere in the budget, rather than adding yet another $100 billion or so to the public national debt.  Only so long can a party be publicly accused of hating the unfortunate before […]

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Howard Schneider via The Washington Post on the IMF’s first ever economic analysis of America’s slowing economic recovery: The Obama administration is overestimating U.S. economic growth and needs to reduce its budget deficit far more aggressively, the International Monetary Fund said on Thursday in a report that targeted Social Security, the home mortgage interest deduction […]

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I have yet to understand how the Demotards justify the idea that in order to get government spending under control, it needs to spend more and put it all on the company credit card. Luca Di Leo via The Wall Street Journal: In several congressional hearings this year, Mr. Bernanke has warned lawmakers that U.S. […]

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