economy

Incinerating a Hot Potato By Scott Spiegel If deficit spending is the way out of an economic downturn, as leftist economists like Paul Krugman keep telling us, then one way to characterize President Obama’s approach to reviving the ailing economy is “killing it with kindness.” Another is “tough love” – not the kind where you force hard...
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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 took...
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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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We reported earlier in the year that the stimulus bill isn’t helping the employment picture.  When the Obama administration was pushing for the bill, they said that doing nothing would push unemployment over 8%. On Friday, the labor department reported that unemployment rose to a 26 year high of 9.7 percent. Hotair.com has a great post...
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As always, the world of politics continues to make headlines in the media.  Below is a list of stories that you might have missed. HR 3200 Will Cover Illegal Immigrants - Despite claims from several people in congress, the health care reform bill will cover illegal immigrants according to the congressional research service.  This is exactly...
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The Office of Budget Management projected that the 2009 budget deficit would be $262 billion less than originally expected at only $1.58 trillion.  However, the estimate for the 10 year deficit rose to $9 trillion. Today it was reported that the Obama administration blames the 10 year deficit on the current crisis and the Bush...
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In his weekly radio address, President Obama touted the vast success of the stimulus package and that it is working exactly as intended. This seems somewhat contrary to the pitch we received earlier this year.  Earlier this year, the President said that we had to pass the stimulus NOW or else the economy would slide...
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Several interesting things happened this week in the world of politics.  Here are some of the stories that you want to make sure you didn’t miss: Krugman Blames Conservatives for Murders - Paul Krugman explains why conservatives are responsible for several recent murders.  He doesn’t seem to blame himself of the left for other recent events, but then...
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Earlier this year we heard on and on that we had to pass massive stimulus bill to avert the certain disaster that was inherited by the current administration.  If we did not act “boldly”, we were headed off the cliff.  We were even told that if we didn’t pass the stimulus “now”, unemployment could reach...
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