Posts Tagged ‘deficits’

Pence urges no compromise allowing more spending and debt

Rep. Mike Pence, the third ranking Republican in the House, says that the GOP congresses of the past compromised too much. This is a warning to GOP members who are indicating that they are willing to work with the Obama administration to avoid gridlock. Pence, a favorite of many conservative...

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Barney Frank: America Can't Afford This Much National Defense

A coalition of more than 50 Members of Congress – including one Republican – has written to the president’s debt commission, urging the panel to recommend ‘significant cuts to the military budget.’ These lawmakers argue that given the extraordinary deficits America is dealing with, there is no choice but to...

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Germany’s Austerity Program Leads to Economic Growth?

The Wall Street Journal reports that while many scoffed at the move by Germany to rein in deficits and pursue a fiscal austerity program, that effort seems to be leading to robust economic growth: What doesn’t kill you makes you stronger. In April, May and June, the euro zone was...

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Germany's Austerity Program Leads to Economic Growth?

The Wall Street Journal reports that while many scoffed at the move by Germany to rein in deficits and pursue a fiscal austerity program, that effort seems to be leading to robust economic growth: What doesn’t kill you makes you stronger. In April, May and June, the euro zone was...

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Pomeroy, House Leaders Consider Pre-Election Social Security Bonus

The polls show that Congressional Democrats are facing an extremely challenging environment as voters head to the polls this November, and that has led many to resort to an old reliable ploy: to play political games with Social Security. Everyone understands that Social Security faces tremendous long-term problems, and it’s...

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The Latest Union Bailout

The Wall Street Journal reports on the false pretenses behind the state bailout bill passed in the House yesterday. Rather than adopting a measure to help states deal with short-term budget crunches, Congress approved a bill designed to expand state budgets and union payrolls: Specifically, the bill stipulates that federal...

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Democrats continue free spending ways, even in face of daunting deficits

Speaker Nancy Pelosi continues to follow the Democratic Party’s line that government spending will help to stimulate the economy: Pelosi said that increasing unemployment benefits is one the best ways to stimulate the economy and create jobs. In an election year where the economy and fiscal issues are the top...

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Gorilla in the Room: Size of the National Debt

So you think $14 Trillion in debt is bad? Yes, that’s around 90% of GDP, and yes, that tends to prevent the economy from growing according to most economists, but according to an excellent piece by Kevin Williamson in National Review this week, we “ain’t seen nothin’ yet.” Williamson writes:...

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Federal Debt Races Past $13 Trillion

The United States has just surpassed an unwelcome milestone: the national debt has passed $13 trillion. The U.S. national debt has passed the $13 trillion mark, according to USDebtClock.org, an independent website that tracks the real-time growth of U.S. revenues and spending. On Tuesday, the national debt stood at $12,995,779,490,444.52,...

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Chaffetz: Uncle Sam Should Sell off Surplus Land

Utah Representative Jason Chaffetz has recently introduced legislation to sell off 3.3 million acres of federal land, which has previously been identified as surplus by the Bureau of Land Management. According to the Salt Lake Tribune: The Utah Republican’s measure orders the Interior secretary to sell all lands identified as...

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