On Monday, the 2012 Trustees Report on Medicare was released and the news isn’t as bad as you might think. It’s worse.
Tagged: Debt & Deficits
Forget the esoterica of the constitutional arguments. Forget that Congress has arrogated to itself power over your life on a scale never before seen. The real problem with Obamacare is that upwards of four out of ten in the United States believe that entitlement on such a scale is even possible.
If you’re frustrated or scared I think I know why. Not only is nothing being done about our problems, little of use is even being said.
The three Republican front-runners are now each out with tax proposals. None of the three has yet touched many hearts nor quickened many pulses.
Yesterday, Standard & Poor’s issued a negative outlook on the sovereign debt of the United States. Thus the U.S. joins an ignominious pantheon of bankrupt companies and failed socialist states.
Don’t be alarmed by that sick feeling that came over you following Obama’s speech on the federal budget this week. If you’re feeling anxious, it’s a sign of your mental health.
House Budget Committee chairman Paul Ryan has unveiled a proposed budget for fiscal year 2012. That proposal would cut more than $6 billion in federal spending over ten years.
Republicans may wish to avoid a fight with Democrats that results in a government shutdown. But wishing not to fight and refusing to fight are two different things. It’s time to fight.
According to former Reagan budget director David Stockman, since the third quarter of 2008, the nation’s gross domestic product has grown at the rate of only $4 billion per month.
The Dow Jones Industrial Average closed Thursday afternoon down by nearly 400 points on fears of, among other things, the debt crisis in Europe.