CBO projects record tax revenues for 2013 of $2.7 trillion, focus shifts to spending
Budget negotiations continue in Washington but a new report from teh CBO, Congressional Budget Office, may cause more shifts in talk. donkeyhotey donkeyhotey.wordpress.com The CBO estimates the federal government More...
Paul Krugman and His Zombie History
Murray Rothbard liked to say that economist often tended to specialize in the area where their knowledge was the worst, and given Paul Krugman’s butchery of the historical record, I’d say Rothbard had More...
Fiscal Cliff Simplified
It’s that easy! When you sit down to balance your family checkbook, do you decide to get yourself out of debt by spending more money? Of course not! But this is what Obama and his Congress has done.. they More...
California repeats as ‘Worst Run State’ while North Dakota is the best
Every year, 24/7 Wall St. conducts an extensive survey of all fifty states in America. Based on a review of data on financial health, standard of living and government services by state we determine how well each More...
Gingrich, Santorum, still up to their eyeballs in campaign debt. And we were supposed to believe they would slash the federal debt?
The bevy of Republican presidential candidates that vied for the nomination this year all vowed to make the national debt and annual budget deficits a priority, at least thats what they said. donkeyhotey donkeyhotey.wordpress.com Do More...
Rand Paul asks Senate to cut foreign aid to Egypt, Libya and Pakistan using the funds for Vets and deficit
U.S. Sen. Rand Paul, R-Kentucky, announced Thursday a new version of his amendment to strip foreign aid from Pakistan, Egypt and Libya in the wake of the killings of the American ambassador to Libya and three other More...
Gary Johnson criticizes both Obama and Romney for lack of plan to cut spending
Presidential candidate Gary Johnson released an internet advertisement this week that casts himself as a handyman that can fix America. Johnson hopes to strike a chord with independent thinkers who believe the two More...
CBO warns of 2013 recession, ‘financial cliff’ without budget deal
The CBO, Congressional Budget Office, warns that the US economy will shrink in 2013, as the fiscal analysis was released on Wednesday. Rough Road Sign public domain More specifically the CBO stated that simply allowing More...
US Agriculture Department rolls out plan to battle food stamp fraud
The Agriculture Department says it is going to impose tougher penalties on stores that violate food stamp rules and give states new tools to root out applicants who are ineligible for the benefit program that now More...
‘Disastrous’ Defense cuts looming as deadline nears
Without action from Washington, on January 2, 2013, the U.S. defense budget will undergo the most dramatic and massive cuts in its history. DOD photo by U.S. Navy Petty Officer 1st Class Chad J. McNeeley The supercommittee More...
White House predicts less growth in GDP
President Obama and the White House downgraded his own evaluation of the U.S. economy last week, issuing an updated budget that showed slower growth than he’d projected just five months ago — a striking acknowledgment More...
Bernanke warns of recessions, asks Congress to act adding that the Fed is ready to help
Federal Reserve Chairman Ben Bernanke didn’t paint a pretty picture of the US economy on Tuesday, warning that Congress needs to act to avert a budget crisis. Official portrait of Federal Reserve Chairman More...
Jerry Brown proposes California budget solution: raise taxes
Governor Jerry Brown signed a new budget for California on Wednesday that relies heavily on voters approving his proposed tax hikes in November. donkeyhotey donkeyhotey.wordpress.com Democrats passed 21 budget More...
Krystal Ball faces backlash as racy photos surface from her past
Krystal Ball, a Democrat running for Congress in Virginia, is accusing conservative political operatives of a sexist smear campaign, leaking racy photographs of her taken at a holiday costume party back in 2004. Ball, More...
Jeffrey Simpson Quotes (writer: TheGlobeandMail.com)
Jeffrey Simpson, The Globe and Mail’s national affairs columnist, has won all three of Canada’s leading literary prizes. He has also won the Hyman Solomon Award for excellence in public policy journalism. More...
Former Clinton Aide, Roger Altman: Massive Debt Could be Disastrous
Roger Altman was Bill Clinton’s deputy US Treasury Secretary who now serves as the chairman of Evercore wrote at the Financial Times regarding the massive debt. Image/QuinceMedia via pixabay He begins: America’s More...
Charlie Crist Quotes
I think it’s kind of funny, to be honest with you – Crist answering critics that he’s “not Conservative enough”, Newsmax interview1 Official Governor photo of Charlie Crist I’m an More...
State of the Nation: Bogus unemployment numbers, inflation, Sotormoyor distracts America
16.5% Unemployment ?!?! This Washington Post article (and the website itself) proclaims to calculate the actual unemployment numbers. During the Bush years we were told that the 4-6% was falsely low for various More...