Our economy has not seen a single year of growth above 3 percent while President Barack Obama has been in office. The reasons why our economy is still struggling are because our already government taxes and spends far too much, and in Clinton’s America, we can expect more of the same.
Federal debt increased by nearly $700 billion this year, according to the Treasury Department, reaching a record of $18.8 trillion or $58,000 per person. Put in perspective, that represents an increase of more than $5,000 per U.S. household, bringing the household total to nearly $160,000. That falls just short of double the amount owed when President Obama took office in 2009, when each household shared a bit more than $90,000 of the debt.
For the over 93 million workers who have left the workforce the Great Recession is by no means over as their quality of life and wealth continue to erode.
Obama and his amnesty activist allies can't count the increased payroll taxes from amnestied immigrants twice. Amnesty either increases the deficit by billions of dollars and increases the life span of the Social Security Trust Fund by two whole years, or amnesty decreases deficits now but only by stealing the Social Security benefits of every American who has paid into the system.
Apparently, half a trillion dollar deficit isn't a problem. Obama wants to toss the sequestration agreement he made with R's in '11 and is proposing an increase of at least $68 billion in the FY 2016 budget.
If R's who oppose the CRomnibus vote in favor of the rule, it'll make it to the floor & Boehner can cut deals w/ D's to pass it. If a Repub. opposes the CR, s/he must oppose the rule. Call Congress to oppose the rule on the CRomnibus.
Can you imagine a Republican Member of Congress who voted for a standalone bill to give your Social Security money to an illegal alien surviving the next Republican Primary election? Neither can I.
Social Security and Medicare already consume 41 percent of the federal budget. In fiscal year 2014 the government ran a deficit of $483.35 billion. This means that the United States will be borrowing billions more from the Chinese to pay benefits to illegal aliens who, by their Obama-granted claim on Social Security and Medicare benefits, will also rapidly advance the bankruptcy of the two programs. SIGN and SHARE OUR PETITION TO STOP OBAMA'S EXECUTIVE AMNESTY!
Jeff Sessions wants to focus on OCare’s impact on the deficit. He’s likely to get a lot of mileage out of a Budget Comm. Repub. staff analysis last month that concluded the law will increase the budget deficit by $131 billion over 10 years.
The Republican establishment is perfectly content to “me-too” the Democrats on spending or to argue for a little less spending, say a 93 percent increase as opposed to a 106 percent increase, but not to attack the reasons for spending.
Mulcting is a word you don't see very often. Read on to learn a new word that perfectly expresses what is going on in the Paul Ryan-John Boehner-Eric Cantor budget betrayal.
The new budget deal blows right through the mandated sequester spending caps, letting the fed. government burn $19 billion more.
Contradicting the Obama administration, Moody's Investors Service says that hitting the debt limit shouldn't be confused with default. Obama said that, unless Congress acts to raise the $16.7 trillion limit by next week, the nation will risk default. Not so, Moody’s says.
Though overall spending is only down slightly, the Tea Party blocked a half-trillion in new debt.
Liberals have rejoiced at recent favorable budget reports, but our debt is still unsustainable.