“Europe raised taxes by almost $9 for every $1 in actual spending cuts.” This approach to austerity, also known in the United States as the “balanced approach,” has unfortunately proven a recipe for disaster.
Post Tagged with: "spending cuts"
May 14, 2012 07:50
Economic illiteracy meets socialist campaign rhetoric
It is cannibalistic in that so many have fallen into a state of moral depravity and pathetic impotence in which they believe that the only way they can have the comfortable life is for government to take other people’s wealth and give it to them.
April 23, 2012 05:27
The other Obama on PAYGO
More proof Obama will SAY anything to get elected. Here he proposes new spending be offset by cuts. Now after increasing the debt by $5 TRILLION which is more than any other president or world leader ever, he claims such cuts are mean spirited and only benefit the “rich.”
April 6, 2012 07:45
19 Signs Of Very Serious Economic Trouble On The Horizon
Right now the U.S. government can still borrow trillions of dollars at super low interest rates thanks to games being played by the Federal Reserve. But it is simply not possible for this Ponzi scheme to last too much longer. When it ends, the pain will be extremely great.
April 4, 2012 18:28
Paul Ryan Takes Apart President Obama’s Budget Lies
“All of these claims are false… What’s so wild about this to me Bret is the president’s willing to be so distortive of the truth, so misleading to the American people. Honestly I think it’s sort of beneath the office of the presidency to make such claims like that.” Rep. Paul Ryan refutes Obama’s lies about the GOP budget plan. Obama wants to keep operating without any budget.
November 22, 2011 07:11
Supercommittee Tax Fight Is About Increasing Spending, not Reducing Deficits
There are only budget cuts if you use dishonest Washington budget math, which magically turns spending increases into spending cuts simply because the burden of government isn’t expanding even faster.
November 10, 2011 09:21
DeMint: Super Committee Democrats won’t cut any spending
“bad way to run a country working behind closed doors in secret” – Jim DeMint. “I’m frustrated by the process.”
October 24, 2011 04:53
Another U.S. Sovereign Downgrade Likely By 2011 Year End, Says Merrill
If the “super committee”, the bipartisan congressional committee formed to address the U.S. deficit, fails to agree on a plan by November 23, $1.2 trillion in automatic spending cuts, mostly in discretionary spending will be triggered, beginning in 2013, which would negatively impact the already fragile U.S. economy, says Merrill. The bank also cut its 2012 and 2013 U.S. GDP forecast to 1.8% to 1.4% respectively.
August 4, 2011 06:42
President’s team in over their heads on jobs – Rep. Cantor
Majority leader Eric Cantor discusses cutting spending, the FAA fight and Obama’s anti-growth policies with Neil Cavuto.
August 3, 2011 07:25
The Deal is Done—Assessing Winners and Losers
Clearly, spending was not brought under control. In the language of Washington politicians and pundits, this was all budget cuts. But in reality, Democrats are counting on those tax hikes, at least in the form of the end of the Bush tax cuts, while spending increases every year, adding an estimated $7 trillion to our accumulated national debt over the next decade.
