Romney isn’t wrong about everything.
Romney is correct in his criticism of both Biden and Trump with respect to spending and entitlements.
Tagged: deficits
Overspent and overdrawn.
The federal government is spending more while taking in less. Understanding the consequences doesn’t require an Ivy-league degree.
The eyes of Texas are on Congress (and McCarthy).
Contrast the Texas Legislature to the U.S. Congress. It has been decades since Congress actually passed a budget.
The problem that’s not going away.
Start with the debt that he inherited and add to it the $2.5 trillion that it is now estimated that he will add by the end of 2019 and you find that President Trump is racking up debt at a pace only slightly less than that of Barack Obama.
Boehner digs in.
One might forgive the president for standing firm on Obamacare, his signature legislative achievement. But there can be no forgiving his intransigence with respect to the rest of the federal budget.
Kicking Big Bird out of the nest.
President Obama is trying to salvage something from an otherwise disastrous debate performance in Denver. That salvage operation has taken the form of going after Mitt Romney for going after Big Bird.
When you can’t pay the piper you can’t call the tune.
When the money drains away, the power to control events drains away with it. So the Brits learned in 1939. So we are learning in 2012.
Let Obama have his “Buffett Rule.”
Fine, Mr. President. We’ll give you what you want. But only if you agree to go out in public and accept responsibility, in advance, on behalf of the Democratic Party and liberals everywhere, for the results.
Following Europe’s dangerous path.
Self-reliance means possessing and maintaining the ability to defend one’s self, something of which Europe is now utterly incapable. The president’s proposal to dramatically cut defense spending reveals disturbing parallels for the U.S.
Some questions about money for the president.
President Obama made a rare appearance at the Pentagon to announce a plan to make deep cuts in the Defense Department budget. One must ask, what about the rest of the government?
When the goodies stop coming.
The civil unrest earlier this year in Greece, the protracted fight over public employee unions earlier this year in Wisconsin and now a crippling strike in London during the holiday season all serve to illustrate a very important truth. Once the government starts handing out goodies, it’s hard to stop.
Forgiving student debt? Bad idea.
At over $1 trillion, total student debt in the United States now tops total credit card debt.Many debt-laden graduates will never get the money they paid out of their degrees.
Reality acceptance.
The human capacity for self-delusion is the only thing that explains why the left continues to cling to a tired and discredited belief system.
The markets know that the piper must be paid.
The piper has arrived in Europe, seeking to be paid for 60 years of social entitlement spending. Everyone knows that the piper’s next stop is the United States.
If it doesn’t hurt, it’s not a cut.
Following 9/11Continental Airlines was in nowhere near the financial trouble the U.S. government is in now. Yet Continental’s CEO made dramatic cuts to his company’s expenses to ensure economic survival. No one in Washington is making any such proposal for the United States.
Where are the cuts?
Aside from throwing out a number ending in the word, “trillion,” what specific spending cuts are any of Obama, Boehner, Reid, the “Gang of Six” or anyone else proposing? When does anyone propose the the U.S. actually spend less money than it is currently spending?
The late-season comeback that Boomers need.
The 1978 Yankees staged a dramatic comeback to save the season and save their reputation. We Baby Boomers need something similar.
Recent presidents explain why we’re broke.
If the government stopped wasting money tomorrow, the country would still go broke. Such is the magnitude of the entitlement state.
What would Nixon do?
Richard Nixon is regarded as one of the most cynical presidents ever. Yet even he might be appalled at the current president’s demogoguery on deficits and the debt ceiling.
Hail to the Cynic in Chief
Every chief executive and every business owner in the country has had to prioritize spending since the economy went soft in 2007. It’s what executives get paid to do. But President Obama refuses to make spending choices. He prefers vilifying successful Americans as a sop to his hard left base.