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The Prodigal Uncle
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The Prodigal Uncle

I’m trying to help a relative get out of a bad fix.He makes $50,000 a year, but Sam has $54,000 (!) of debt on his credit cards. Worse still, he just showed us plans for a $7,500 cruise next year. “Don’t sweat it,” he said, “I still have room on my Visa!” Crazy, right?

12/04/2012
$5 Trillion added to debt since the last budget
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$5 Trillion added to debt since the last budget

Since the senate democrats last passed a budget, the American government has accrued $5 trillion dollars in new debt. The last budget was passed three and a half years ago and, in that time, our debt has risen from $11.2 trillion to $16.2. That is a terrifying benchmark.

10/26/2012
Mind the Gap: The Disparity Between Obama's Revenue Increases and Spending on Entitlements
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Mind the Gap: The Disparity Between Obama's Revenue Increases and Spending on Entitlements

The following study demonstrates that the proposed revenue and tax increases being championed by President Obama will have a negligible impact on the ability of the federal government to finance entitlement programs over the next 15 years. Raising taxes risks economic growth without alleviating the budgetary crisis.

10/05/2012
New York Times Inflates Obama's Already Over-Inflated Budget Numbers
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New York Times Inflates Obama's Already Over-Inflated Budget Numbers

It's one thing for the Obama administration itself to play fast and loose with budgetary facts, but it's an entirely new realm when the campaign cooks their numbers using questionable methods, and the media follows that up by inflating the falsehood even further.

09/27/2012
Obama: Is He Shockingly Uninformed?
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Capitol Comment

Obama: Is He Shockingly Uninformed?

As I have previously pointed out, if you can successfully divorce the cool persona from the words he speaks, President Obama plainly and often tells us exactly what he thinks, believes and intends. And when you listen to or read the words he says, it becomes abundantly clear that he is dedicated to a big government solution for every problem - whether real or imaginary.

09/19/2012
Happy Deficit Day 2012!
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Happy Deficit Day 2012!

September 10th, 2012 is National Deficit Day. That means that September 10th is the date on which the United States government is out of money for the year. Every single penny they spend for the rest of the year, explain economists James Harrington and Antony Davies, will be added to our debt. Deficit Day should ideally be on January 31st.

09/11/2012
California School District to Spend $1 Billion to borrow $105 Million
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California School District to Spend $1 Billion to borrow $105 Million

California has lost 600,000 jobs in the last decade and has a $26 billion deficit. Their public schools aren’t performing well, with lower grades and graduation rates than students in other states. It makes sense that a community would want to invest in education, but one would expect reasonable return on investment.

08/13/2012
Joint Letter Supporting Point of Order Against Senate Budget Committee Chairman Kent Conrad's Spending Limits
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Joint Letter Supporting Point of Order Against Senate Budget Committee Chairman Kent Conrad's Spending Limits

Dear Senator, We are deeply concerned that Senate Budget Committee Chairman Kent Conrad (D-N.D.) is prepared to exceed the overall spending limit set out in the Budget Control Act of 2011 (BCA).  In the absence of the Senate adopting a budget for fiscal year (FY) 2013, the BCA requires the Senate Budget Committee Chairman to establish spending limit in line with the March 2012 Congressional Budget Office (CBO) baseline.

07/23/2012
US Economy threatened in wake of Obama's Taxmageddon
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US Economy threatened in wake of Obama's Taxmageddon

Obama seems to have one goal in mind this election: creating an even greater gap between Republicans and Democrats. I must admit, he’s doing a great job of it, stoking class warfare and feeding the media and his supporters left-wing lies. Did you hear the GOP is nothing but a bunch of wealthy and corrupt people that have no interest in the good of the lower and middle class citizens?

07/13/2012
The National Debt in Perspective
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The National Debt in Perspective

The national debt is at $15.8 trillion dollars. It is roughly 7 times that amount when the unfunded liabilities of Social Security, Medicare, and Medicaid are factored in. These numbers are so large that it is often difficult to grasp.

07/11/2012

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