Category Archives: National Debt

The 2012 Candidates and the Debt Ceiling

ABC News has written a comprehensive report on where all the 2012 GOP candidates stand on the current debt ceiling debate: At this stage of the primary, Mitt Romney is still considered his party’s front-runner, and he has been assailed … Continue reading

Posted in Jon Huntsman, National Debt, Politics | Tagged , | Leave a comment

Poll: Obama Gets Low Approval for Debt Crisis

USA Today/Gallup have just released a new poll that shows the majority of Americans disapprove of how President Obama has handled the debt crisis: Four in 10 Americans approve of the way Obama is dealing with Congress in the high-stakes … Continue reading

Posted in National Debt, Politics | Tagged , , , | Leave a comment

Deficit Commission Haunts President

You know it’s not looking good for the President when journalists at NBC and The Atlantic start echoing mild-mannered conservative bloggers like yours truly. I’ve been fairly skeptical of the President’s recent enthusiasm for a debt reduction based on the … Continue reading

Posted in Economics, National Debt, Politics | Tagged , , | Leave a comment

Debt Negotiations: When Compromise Isn’t Compromise

As debt negotiations continue in Washington, the political games and spin have already taken the place of cooperation in the name of the American people. From MPR: The meeting Monday was expected to focus on potential debt savings identified by … Continue reading

Posted in Economics, National Debt, Politics | Tagged , , | Leave a comment

The Constitutionality of Debt

As the deadline for a debt ceiling agreement nears, there has been an increase in alternative ideas to the Federal government’s fiscal dilemma. One of these ideas, while slightly radical, presents an interesting Constitutional challenge to the entire debate as … Continue reading

Posted in Economics, National Debt | Tagged , | 2 Comments

Deficit Commision Gets Presidential Shaft: Part 2

Not only has President Obama previously skipped meetings with his own Deficit Commission, he’s skipped over their findings and recommendations: Sure, Erskine Bowles, the commission’s Democratic chair, and Alan Simpson, the Republican, made some nice public statement about Obama’s deficit-reduction … Continue reading

Posted in National Debt, Politics | Tagged , , | Leave a comment

Astronomical Debt

Did you know a light year is 5.86 trillion miles? It’s true: Light travels at 186,000 miles per second (300,000 kilometers per second). Therefore, a light second is 186,000 miles (300,000 kilometers). A light year is the distance that light … Continue reading

Posted in Economics, National Debt | Tagged , , | 2 Comments

Bumper Deficits

In November, I posted about the ethanol subsidies and tariffs that, if allowed to expire, would reduce the deficit by $6 billion. But instead of Do-Nothing deficit reduction, Rich Lowry points out the bipartisan effort to increase it: [Al] Gore’s … Continue reading

Posted in National Debt, Politics | Tagged , , | 2 Comments

Romney Rejects Tax Deal

USAToday published an opinion piece by the former governor of Massachusetts today, in which he spells out his issues with the tax deal, among them: Part of the tax deal is a temporary reduction in payroll taxes. The president was … Continue reading

Posted in Economics, National Debt, Politics | Tagged , , | Leave a comment

Deficit Commission Gets Presidential Shaft

$13,851,062,716,377.57. That’s the current national debt. To his credit, President Obama created a commission to look into reducing this fiscal nightmare when Congress failed to to so, but Thursday Obama skipped a meeting at the White House for his own … Continue reading

Posted in National Debt, Politics | Tagged , , | Leave a comment

Democrats Continue War on Youth

When the going gets tough, the democrats target America’s children through Social Security. It was announced last night that Washington had struck a deal on tax-cuts and unemployment benefits. Among these cuts would be a 2% cut on payroll taxes, … Continue reading

Posted in Economics, National Debt, Politics | Tagged , , , , | Leave a comment