Posts Tagged ‘ national debt ’

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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For years, the Federal Government has kept budget deficits lower than they would have been by borrowing money from Social Security.   However, now this borrowing has lead to a situation where Social Security is now in the red.  In fiscal year 2010, Social Security will run a cash deficit of $28 billion. As pointed out at...
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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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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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