US Action News

In 2004 Obama said the “monstrous” deficits were “an enormous problem” when the deficit was $413 billion. In 2008 he said increasing the debt would burden our children and was unpatriotic. Heritage Foundation gives 17 reasons he was right then and it’s so much worse now.

Under the Ryan budget, spending still rises in every category (except ObamaCare, which Ryan would keep flat at zero). Outlays are still going up, but in Washington, Democrats call these “draconian cuts.”

A favorite among conservatives former congressman J. C. Watts formally endorses Gingrich for president. Citing the good old days of balanced budgets, entitlement reform and paying down the national debt while Newt was Speaker of the House, Watts admits Gingrich has flaws but says all the candidates have flaws and Newt will be able to make the tough decisions to get the country back on track.

We’ve allowed a “cradle to the grave” entitlement society! 144 million in the US pay no taxes and are supported by the rest of us. Under Reagan only 19% of households paid no taxes, under Clinton it rose to 25%, under Bush to 30% and under Obama went up over 50% to 47% of households not paying taxes. The Marxists are winning and America is going bankrupt. Detroit “is a graveyard of socialism in America” Obama bragged of his support […]

Obama spending programs were, in essence, Democrat slush funds parceled out to the party’s faithful to ensure that teachers and other public service workers would be retained, that General Motors and Chrysler could avoid the normal bankruptcy procedures that would have restructured both companies—and likely reduce union power, and that favored contractors could receive funding for “shovel ready projects.”

Most Americans think we can keep entitlement programs as they are but there simply is not enough money in the world to pay for it all. The result is printing money to buy our own debt which is what is happening at the federal reserve right now. That will lead to hyperinflation and the loss of retirement and savings value.

The Democratic co-chair of President Obama’s fiscal commission said Wednesday that the president’s health care bill will do very little to bring down costs, contradicting claims from the White House that their sweeping legislation will dramatically impact runaway entitlement spending.