By their carelessness Congress and the Obama administration are steadily handing over control of America’s economic and financial future to a handful of Chinese officials and generals in Beijing. With President Obama’s 2010 budget, 42 cents of every dollar the federal government spends will have to be borrowed.
Post Tagged with: "finance"
February 3, 2010 10:07
Obama’s budget: One of greatest spend-while-you-can documents in American history
Despite talk of “tough choices” in yesterday’s document, the Administration wants $25 billion in new spending for states for Medicaid, $100 billion for yet another jobs “stimulus,” big boosts in spending for low-income family programs, for health research, heating assistance and education. If Mr. Obama’s priorities become law, federal outlays will have grown an astonishing 29% since 2008.
February 2, 2010 05:03
US economic rescue failing to meet key goals:auditor
The program has fallen short in key areas such as boosting credit, curbing home foreclosures and deterring the risky behavior of financial firms that are considered “too big to fail,” said the report from inspector general Neil Barofsky.
January 28, 2010 05:11
GOP Response – McDonnell: Country Can’t Afford Democratic Spending
The nation cannot afford the spending Democrats have enacted or the tax increases they propose, Virginia Gov. Bob McDonnell said Wednesday in the Republican response to the State of the Union address.
