Tag: Deficit Spending

Obama Speech: Public Option Now

[Updates at the bottom of this post as of 5:52am CDT on AD 9-9-2009] News is emanating from the White House that President Obama’s monumental speech will push for the infamous public option.  It is well known that most Republicans will call this a deal breaker but at the same time liberal Democrats will say

Spirit of '09

Yesterday Americans rallied in hundreds of tea party protests against high government spending and taxation.  In my state 3000 people turned out in Peoria alone.  Good coverage of the tea parties is at Instapundit.  Much more at Tea Party online HQ.  Elements of the mainstream media were openly contemptuous of the tea parties, perhaps one

Red Ink

A look at the federal budget since 2000, with projections, for what little they are worth, by the White House and the Congressional Budget Office to 2019.  By CBO estimates last week, the budget deficits between now and 2019 would total $9, 300, 000, 000, 000.00.  The entire cost of WW2 for the US in 2008

Obama and the Stimulus Package

Has anyone ever wondered if it is possible that one can land in a financial crisis when one has a steady income, no debts, and a large reserve of money in case of emergencies?  Certainly, I suppose, if something devastating comes around, like an accident that requires weeks in the ICU, surgeries, and a long