Each new dollar of debt was accompanied by a net reduction in GDP. In fact, at year-end, each new dollar of debt subtracted 45 cents from GDP (source: U.S. Treasury Z1 Flow of Funds report, 3/11/10). Remember this the next time you hear some economist claiming that Uncle Sam should run even larger deficits to “stimulate” the economy.
Archive for June, 2010
Guns appearing in more campaign ads
From Alabama to Arizona conservative candidates are letting the public know that not only do they support guns, they know how to use them. Check out this ad about Pamela Goreman for Arizona 3 put together by volunteers.
Obama to keep rolling over for Russia after spy arrests
The arrests of as many as 11 alleged Russian spies in the U.S. will not disrupt U.S.-Russian relations, White House press secretary Robert Gibbs said Tuesday.
Obama’s Coffee House Loophole – Michelle Malkin
President Obama is finally uniting the left and the right — in joint opposition to his administration’s chronic sabotage of transparency and public disclosure rules.
Mr. Lead Paint buys a federal judgeship
Trial lawyer that contributed $694,000 to Democrats gets federal judgeship. That’s hope and change the Chicago way. The trial lawyers’ chief Washington voice is the American Association for Justice, dubbed a “Heavy Hitter” by OpenSecrets.org. The AAJ has given more than $31 million in federal campaign contributions in the last 20 years, 91 percent of which went to Democrats.
More Russia sleepers walk U.S. streets
U.S. intelligence officials have known for some time that Russian intelligence agents are “as active today as any time during the Cold War.”
The Obama Formula – impotence abroad, omnipotence at home
Impotence abroad, omnipotence at home. While the secretary of defense works on plans to reduce spending on the military, his boss concocts plan after plan to increase spending on social programs.
Nov. 2nd is the only way to cut spending
It sounds like one of these guys understands the problem of runaway spending.
More secret meetings on finance ‘reform’ bill
The $19 billion tax that was added in conference without debate in either the House or Senate should warn reasonable legislators of the real agenda of these leftists. Now they go back into secret meetings to cut deals and bribe for votes.
Kagan fraud effected Supreme Court decision on partial birth abortion
Three years after ACOG released its statement on partial-birth abortion — that included verbatim the words that had been the handwritten notes in Kagan’s White House files — the Supreme Court issued its opinion in Stenberg v. Carhart, which declared Nebraska’s ban on partial-birth abortion unconstitutional.