Budget Deficit to Reach $1.35 Trillion for 2010 – WSJ.com


Congressional experts pegged the 2010 U.S. budget deficit at $1.35 trillion, a slight improvement from the $1.38 trillion estimate in August, but the overall picture of the government’s finances remains bleak, according to the annual report released Tuesday. The Congressional Budget Office said the government will run an aggregate deficit of almost $6 trillion during […]

On the Road to Trouble


road

How will our government pay all its debts?

Midnight Snack – Top 10 Films of 2009


As joyous a year as 2009 was for me — I got married and started working for the Freedom Center — there does remain a regret: I had to give up being a film critic. My former employer’s budget got cut and I simply did not have the time for it with all that NRB [...]

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Lying Liberals Are Addicted To Spending


America’s politicians are hopelessly addicted to spending.
“Our debt is mind boggling,” said Beck as he rattled off a list of the nation’s financial obligations: $12 trillion in national debt; $8 trillion in bailouts; and $106 trillion in unfunded liabilities (over $346,000 per person).
“It doesn’t take a Harvard education to understand that at some point we [...]

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Unhinged Spending Syndrome – by Vasko Kohlmayer


spend

An international addiction to debt plagues both Japan and California.

The Death Of Moderate Democrats – by Dick Morris


griffith

How Parker Griffith’s Party switch illustrates the Achilles’ Heel of the Democratic regime.

Robert Samuelson: A Parody of Leadership – RealClearPolitics


WASHINGTON — Barack Obama’s quest for historic health care legislation has turned into a parody of leadership. We usually associate presidential leadership with the pursuit of goals that, though initially unpopular, serve America’s long-term interests. Obama has reversed this. He’s championing increasingly unpopular legislation that threatens the country’s long-term interests. “This isn’t about me,” he […]

Neb.’s Nelson sees backlash on health reform plan – AP


t was the concern of Nebraska’s Republican governor over expanded Medicaid costs in the proposed Senate health care overhaul bill that led to a compromise to cover his state’s estimated $45 million share over a decade, U.S. Sen. Ben Nelson said Sunday. Gov. Dave Heineman “contacted me and he said this is another unfunded federal […]

Diana Furchtgott-Roth: The High Cost of Health Reform – RealClearMarkets


WASHINGTON-Last night, speaking about the health “reform” bill to ABC’s Charles Gibson, President Obama declared, “If we don’t pass it, here’s the guarantee….your premiums will go up, your employers are going to load up more costs on you. Potentially they’re going to drop your coverage, because they just can’t afford an increase of 25 percent, […]

Spending Folly – by Vasko Kohlmayer


waste

The Obama administration’s mind-boggling financial excesses and waste.