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Op-ed Placement

The Danger of Deficits To Our Economy

Recently the White House Office of Management and Budget released its Midsession Review, an update and review of the budget that President Obama submitted to Congress. The document extols the virtues of the administration's economic policies, noting that a combination of economic growth, discretionary budget cuts and the reversal of the Bush tax cuts has halved the federal deficit. Moving forward, the administration hopes to further the economic recovery through additional budgetary savings from health-care reforms, closing tax loopholes for the wealthy and sensible immigration reform. What the Mid-Session Review does not discuss, however, is the mounting federal debt - and the dangers it poses to the economy.

07/29/2014
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Blog

Comic: Obama's Nominee to Rule Over ObamaCare

Click here for the Full-Size Comic

05/07/2014
Jack Lew, Architect Of Budgets Receiving Zero Votes, To Replace Geithner As Secretary Of Treasury
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Blog

Jack Lew, Architect Of Budgets Receiving Zero Votes, To Replace Geithner As Secretary Of Treasury

It has been widely reported this week that President Obama will nominate Jack Lew today for Secretary of the Treasury, replacing Timothy Geithner, expected to step down next month. It takes a special kind of crazy only found in Washington DC for someone who has failed so spectacularly to be nominated to head up our nation's treasury (see also: Geithner, Timothy).

01/10/2013
Higher Deficits Announced
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Blog

Higher Deficits Announced

Today the White House raised its budget deficit forecast for this fiscal year ending Sept. 30 by $89 billion and forecasts an additional $87 billion deficit in 2010 over previous estimates.  The new 2009 deficit number weighs in at $1.84 trillion--the largest in American history.  The deficit alone amounts to about 12.9 percent of our economic output this year.

05/11/2009