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My topic today is the great debate over raising — for the 81st time since 1940 — the ceiling on how deeply in debt the Federal government can go. To hear our officials tell it, if Congress doesn’t vote to let the Treasury borrow more billions, and do it now, the U.S. will face the biggest calamity since women started wearing slacks. Read this article to learn the surprising truth about the debt ceiling…
President Barack Obama proposed a five-year spending freeze on Federal discretionary spending during his State of the Union (SOTU) address, which he said will save the government approximately $400 billion over a decade.
*Show me your papers, Mr. President. In case you missed it, Rush Limbaugh has joined the debate about where Barack Obama was born. Rush took to the airwaves on his hugely popular radio show last Friday and declared, “It’s stunning to me… Where’s the President’s vow to end the debate over his birth? We’re going on four years on this… So much of this is difficult to fathom, to believe.” Stay tuned, folks. We may finally find out if our President really does have a Hawaiian birth certificate.
Americans have a more favorable than unfavorable view of Republicans for the first time in six years, according to a new Gallup poll.
President Barack Obama’s State of the Union address appears to have won over Democratic supporters, but a prominent news agency has scrutinized many aspects of the nationally televised speech.
China holds much of the United States’ debt, and the U.S. trade deficit with China stands at about $240 billion. So it’s not surprising that fiscal issues would be one of the main topics of discussion between Chinese President Hu Jintao and President Barack Obama during their meetings Jan. 19.
When I talked to Mr. Livingston on Tuesday morning, I suggested that today’s edition of Outside the Asylum could be a stream-of-consciousness look at the State of the Union address and its attendant hoopla. “Sort of a ‘Twitter feed with verbs’ thing;” I offered. Bob was thrilled with the concept. (Well, he didn’t specifically say “no.”) When I looked at my first draft, it was longer than a Democrat mayor’s rap sheet. Bob did say he wanted it to be shorter than, say, the State of the Union.
To the average taxpayer, most details regarding the Federal budget are as entertaining as listening to Paul Krugman explain Keynesian economics and the value of active public policy responses to macroeconomic systemic crises and blah, blah, blah… But Ben Crystal has waded through the morass and found an easy way to cut out $150 billion. Read this article to see where Ben would trim…
The Republican Party had two opportunities to address a national audience following President Barack Obama’s State of the Union address on Jan. 25.
American taxpayers have unknowingly spent more than $160 million to help provide legal defense for former executives of mortgage lenders Fannie Mae and Freddie Mac, according to The New York Times.