The Wall Street Journal reported today that Senate majority leader Harry Reid has postponed debate on the cap and trade bill until at least spring pushing a cap and trade vote until next year. The cap and trade bill is an attempt by our government to address global warming. Our government has decided to ignore...
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Archive for November, 2009
Sentate Punts Cap and Trade Bill Until Spring
United States National Debt Reaches $12 Trillion
Today we read a post that indicated that as of 3:00 pm on 11/17, the United States National debt topped $12 billion for the first time setting a new US national debt record. According to a post at Hot Air, the United States national debt was $12,031,299,186,290.07 at 3:00 pm. This indicates that it...
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Obama Delivers Largest October Deficit On Record
As our government debates adding trillions of dollars in spending through the health care reform bill, we are reminded the sad shape of our government’s finances. President Obama has delivered a record monthly budget deficit in his first fiscal year as president. It was reported this week that Obama has delivered the largest October budget...
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Alternative Healthcare Reform Bill Would Save $1.7 Trillion
As we reported earlier today, the current house version of HR 3200 will cost America $1.8 trillion according to the CBO. There is an alternative bill proposed by Republicans that would cost the American taxpayer $61 billion over 10 years, which is $1.7 trillion less than the house bill being voting on this weekend....
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Pelosi Version of Obamacare Will Cost $1.8 Trillion
The Pelosi version of Obamacare will cost $1.8 trillion over 10 years according to the CBO. This is in contrast to the claims of Nancy Pelosi that it will only cost $900 million and be deficit neutral. How can Pelosi be so far off from the $1.8 trillion estimate? Here is a hint, she...
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Obama Overstates Saved Jobs
The Obama administration has received a lot of criticism for the promise to save or create X amount of jobs. Since putting the stimulus in place, the Obama administration has put forth several claims of the number of saved jobs thanks to the stimulus. Most economists take issue with the term “saved jobs”...
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3 Billion Reasons to Distrust House Health Care Reform Bill
Last week, Nancy Pelosi unveiled the nearly 2000 page new version of the the House Health Care Reform Bill. Pelosi pointed out that her version of the health care reform bill was under the $900 billion price tag that President Obama put on the plan. Pelosi indicated that the bill would cost just under...
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Pelosi Pushes for Tort Reform?
The Democrat controlled House unveiled their nearly 2,000 page Health Care Reform bill this week providing another version of Obamacare. One of the easier ways to reduce costs have been left out of most of the bills penned so far this year. However, the newest House bill that Nancy Pelosi introduced does include a...
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