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NetRightNation
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Written by Robert Romano
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Tuesday, 09 February 2010 09:03 |
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Last week, Moody’s issued a very public warning against the profligate spending of the federal government just a day after the Obama Administration released its ten-year budget plan that will add some $10.634 trillion to the national debt by 2020. According to the warning, "If the current upward trend in government debt were to continue and become irreversible, the [nation's Triple-A debt] rating could come under downward pressure."
When asked about the prospect of the U.S. losing its Triple-A rating, Treasury Secretary Timothy Geithner, speaking on ABC News’ “This Week” said, “Absolutely not... That will never happen to this country.” Never?
Clearly uncomforted by Secretary Geithner’s dismissal of the problem, the Washington Examiner’s Mark Tapscott compared Geithner to the last emperor of Rome swearing up and down that Rome would never fall. The comparison is fitting. After all, the U.S. is not immune to the laws of gravity. This nation can be bankrupted, it can fail, and it is foolish to proclaim that it cannot.
Never say never, Mr. Secretary.
This year alone, the White House’s Office of Management and Budget (OMB) projects that Congress will add some $1.556 trillion to the national debt, which today totals $12.4 trillion. By the end of Fiscal Year 2011, the national debt will probably surpass 100 percent of the Gross Domestic Product, reaching an all-time high of $15.144 trillion.
Debt
Government Spending
Mark Tapscott
Moodys
Office of Management and Budget
Timothy Geithner
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Last Updated on Tuesday, 09 February 2010 16:06 |
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Written by ALG News
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Monday, 08 February 2010 08:46 |

With the seating of newly elected Massachusetts Senator Scott Brown, Barack Obama has now agreed to hold televised meetings with Republicans and Democrats on health care reform. This feeble attempt by Obama and the Democrats to look bipartisan is nothing more than calculated damage control trying to prevent the inevitable losses in the coming 2010 mid-term elections.
According to Politico, Barack Obama stated that he wants to "look at the Republican ideas out there." But the real question is, where was this idea six months ago when Congressional Democrats were having backroom meetings while crafting a bill like a one-party aristocracy?
This shows once again that Barack Obama and his Democratic colleagues in Congress will only listen to the American people when they are forced to. And in this case, it took the special election in Massachusetts.
If this government was truly created “by the people, for the people,” then why was it that the Obama Administration and Congress refused to drop their push for socialized medicine even though the American people were vehemently opposed to it? (Final Health care poll showed 58% opposed the current bill according to Rasmussen Reports)
And before we get all excited about Obama’s newfound ways, let’s remember he has only promised to “look” at Republicans and not to start over with bipartisan input. In fact, at the Obama-GOP Baltimore confab some weeks back, Obama explicitly said that he had “read every Republican bill.” Apparently, that gem now enters the growing repository of Obama “misstatements.”
Democrats
Health Care
Obama
Republicans
Scott Brown
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Last Updated on Monday, 08 February 2010 16:48 |
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Written by Howard Rich
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Thursday, 04 February 2010 08:33 |
"We're not going to save our way out of this recession. We've got to spend our way out of this recession." -- U.S. Majority Whip Jim Clyburn
Just days before Congressman Jim Clyburn had the "audacity" to admit what D.C. politicians were actually doing with our tax dollars, U.S. President Barack Obama had the cowardice to continue concealing government's unprecedented generational larceny.
"It is critical that we rein in the budget deficits that we've been accumulating for far too long," Obama said in unveiling his latest effort to distract American citizens from a looming fiscal Armageddon.
Of course, after proposing a so-called "budget freeze" in his State of the Union speech, Obama rolled out the "Mother of all Boondoggles" (for now, at least), a $3.8 trillion spending plan for the coming fiscal year that includes a record $1.6 trillion deficit (on top of the $1.4 trillion deficit government will run in the current fiscal year). By the end of this month, the Treasury now projects that the U.S. will hit its $12.4 trillion debt ceiling, coming on the heels of a vote last week in the Senate to raise the debt ceiling from $12.4 trillion to $14.294 trillion. And just this week, Moody’s warned that the nation’s Triple-A rating could be in jeopardy “if the current upward trend in government debt were to continue and become irreversible.”
Budget Freeze
Congressional Budget Office
Government Spending
Moodys
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Last Updated on Thursday, 04 February 2010 14:40 |
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Written by Carter Clews
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Friday, 05 February 2010 12:07 |
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Newly seated Massachusetts Senator Scott Brown has triggered a firestorm by having the audacity to go on ABC's "This Week" and suggest: "We need to put a freeze on federal hires and federal raises because, as you know, federal employees are making twice as much as their private counterparts."
Public employee union bosses, of course, exploded in anger. Public employees swooned and reached for the smelling salts (as opposed to their usual fare of bon-bons and Sominex). And Barack Obama reportedly performed a seance in hopes of raising Ted Kennedy from the dead.
But, the fact is: Scott Brown was right -- as far as he went. And he should have gone much further. We don't simply need to put a freeze on federal hires and raises. We need to fire federal employees. The American people, themselves, are clearly prepared to do their part come November. But, it would be a chipper idea to get a head start now by firing about ten percent of the drones and dregs now feeding from the federal trough.
Everywhere else in America, workers are reporting to work each morning not knowing whether they will have a job by the end of the day. More than ten percent of American workers – if you believe Barack Obama’s Labor Department – are now unemployed. And if you add those who are working part time because they can’t find full time jobs, as well as those who have simply given up looking, the figure is nearly double that.
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Last Updated on Friday, 05 February 2010 19:09 |
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Written by ALG News
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Wednesday, 03 February 2010 08:21 |

Scott Brown was elected to the open Massachusetts Senate seat on January 19th, but has yet to be seated. This, despite the fact that he won by over 109,000 votes. The Democrat Massachusetts Secretary of State has yet to certify the results. And until then, the Democrat Senate Majority Leader Harry Reid has refused to seat the Republican Senator-elect.
According to the Boston Herald, "Massachusetts Secretary of State William Galvin said Tuesday he plans to present the final voter tally to the Governor's Council for ratification on Wednesday. Then he'll send a formal certificate of election to U.S. Senate. He notified the Senate Brown was the apparent winner the day after the election…Galvin says he was obligated by law to wait 10 days for overseas ballots for the final tally.”
Giving the Massachusetts Secretary of State the benefit of the doubt — there is no way to speed up a process limited by law — the Senate must stop holding important votes until Brown is seated. In short, it must uphold a pledge by Reid “not to rush into anything.”
As noted by ALG President Bill Wilson yesterday, “Anything means everything, not just health care.” Which is fair. Scott Brown was elected to be Massachusetts’ voice on all votes, and the potential 41st vote blocking more than just the government takeover of the nation’s health care system.
Harry Reid
Scott Brown
U.S. Senate
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Last Updated on Wednesday, 03 February 2010 14:50 |
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