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Posts Tagged ‘Debt ceiling’

17 Reasons the $17 Trillion Debt Still Counts

Tuesday, June 18th, 2013

Though it is off the radar for now, the $17 trillion debt still strangles the private economy and only delays the day of reckoning when the federal government will face bankruptcy.

In a time of attention deficit and lowered expectations, the Congress seems unable to grasp the greatest threat to national security. But the days of denial won’t last.

Shortly the national debt as well as the annual deficit will be back in the headlines. Before the summer is out the Congress will vote on a national...

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Has GOP the steel to repeal liberty-stealing Obamacare after IRS stole election?

Monday, June 3rd, 2013

Predictions that Obamacare would cause private health insurance premiums to soar fueled the 2010 tea partier-fueled landslide mid-term election that returned control of the U.S. House of Representatives to Republicans. Sadly, the GOP had been thwarted in its effort to prevent enactment of the Orwellian-titled “Affordable Care Act” earlier that year, despite the special election that replaced the late-Sen. Ted Kennedy (D-MA) with Republican Scott Brown as the self-described 41st vot...

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The Real Economic Crisis of 2013 Is Jobs

Thursday, May 30th, 2013

Obama and His Economic Policies Are Retarding Job Creation

As Congress moves toward the highly charged issues of raising the debt ceiling and passing a budget for the next fiscal year, the air will be filled with reminders of the headlong rush towards national bankruptcy.

The leading indicators are the nearly $17 trillion national debt and another $1 trillion deficit. There will be justifiable handwringing over the need to trim spending and the failure to tackle entitlement reform.

Writing in th...

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Video: Ted Cruz repeatedly spanks John McCain

Wednesday, May 29th, 2013

Conservative/libertarian rock star Senator Ted Cruz notes that the Democratic majority in the Senate, at the behest of President Obama (and with the help of certain Republicans) is trying to raise the debt limit without the kind of debate that would harm the president and Democrat senators trying to keep their jobs.

In the process, Cruz also repeatedly shames John McCain for his complicity with the Democrats on this issue, and for his false characterizations of fellow Republicans.

What Is The Debt Ceiling?

Tuesday, May 21st, 2013

Bankrupting America Launches New Debt Ceiling Resource Center

“Literal Debt Ceiling” Web Series To Highlight Key Issues

 

Arlington, Va.Bankrupting America, a project of Public Notice, today launched a Debt Ceiling Resource Center to provide facts and the latest news and developments as Congress debates increasing the nation’s debt ceiling this summer.  The resource center will educate Americans about the key drivers of the debt, provide a 10-year projection of future increases and...

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White House won’t negotiate on debt ceiling; wants to spend more

Monday, May 20th, 2013

Bye-Bye, Balance

After months of advocating for a “balanced approach” to our debt and deficits, it seems like the administration is pulling a 180 on the debt ceiling. Despite the overwhelming support from Americans (73 percent) to tie a debt ceiling increase to spending cuts, the administration is saying they “will not negotiate.”  A “balanced approach” to raising the debt ceiling would take steps to address our long-term fiscal crisis (as outlined in the latest CBO report).  What...

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IRS scandal either a conspiracy or incompetence

Friday, May 17th, 2013

Spending Daily | May 17, 2013

“Report: Leader Of IRS Office That Targeted Tea Party Now Runs ObamaCare Office”

The Washington Post, “The woman who ran the office accused of targeting Tea Party groups is now running the office tasked with implementing ObamaCare. ABC News reported Thursday that Sarah Hall Ingram, the former director of the office that oversaw tax-exempt organizations during the alleged targeting of conservative groups, now leads the office in charge of the Affordable Care...

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IRS Acting Commissioner Resigns, But Scandal Far From Over

Thursday, May 16th, 2013

Spending Daily | May 16, 2013

IRS Acting Commissioner Resigns, But Scandal Far From Over

The Associated Press reports, “Don’t look for the outcry over the Internal Revenue Service’s improper targeting of tea party groups to subside with the ouster of the agency’s acting commissioner. Three congressional committees are investigating and the FBI is looking into potential civil rights violations at the IRS, Attorney General Eric Holder said. … President Barack Obama said Trea...

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Bankrupting America’s Spending Daily

Thursday, May 9th, 2013

Spending Daily | May 9, 2013 

“[WATCH] Video compares government overspending to kids stealing all of their parents’ cash”

Red Alert Politics reports, “You wouldn’t give a kid $1 trillion, so why are we giving politicians in Washington that much money to play with? That’s the question the group Bankrupting America evokes in their newest video ‘Krunk with Kash.’ ‘Last year Washington overspent by $1,000,000,000,000,” a caption on the screen reads. ‘Now politicians claim...

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Bankrupting America’s Spending Daily

Tuesday, May 7th, 2013

Spending Daily | May 7, 2013

“Promises, Promises: When Obama’s Promises Conflict”

The Associated Press reports, “Absent a magic potion or explosive economic growth, it was all but inevitable President Barack Obama would have to break some of his campaign promises to keep others. If there’s one thing that distinguished them besides their ambition, it was their incompatibility. Cut a staggering $4 trillion from deficits while protecting big benefit programs, subsidizing more hea...

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Bankrupting America’s Spending Daily

Wednesday, May 1st, 2013

Spending Daily | May 1, 2013

Obama: Health Care Law “Working Fine”

The New York Times reports, “President Obama said Tuesday that his health care law was ‘working fine,’ and he played down concerns that the law could disrupt coverage or lead to higher premiums for people who already had health insurance. … At a hearing two weeks ago, Senator Max Baucus, Democrat of Montana and chairman of the Senate Finance Committee, said that many of his constituents were confused about the n...

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No Smart Way? Debt Hoarders

Tuesday, April 30th, 2013

No Smart Way?
Debt Hoarders

More and more lawmakers in Washington are lining up to say we don’t have a spending problem and are ready to defend their massive deficits that add trillions to the debt.  But a new poll from Public Notice shows that the vast majority of Americans disagree; the best way to improve the economy is by cutting spending and exercising some fiscal restraint.  At the same time, the Congressional Budget Office (CBO) is warning that the debt is unsustainable without...

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Bankrupting America’s Spending Daily

Monday, April 29th, 2013

Spending Daily | April 29, 2013

 “Democrats ask: What debt crisis?”

POLITICO reports, “Call them the debt crisis dissenters. The two parties are miles apart on how to cut the deficit and national debt: Republicans want to slash spending even more. Democrats want to raise revenue. And then there are the other Democrats — the ones who reject the entire premise of the current high-stakes fiscal fight. There’s no short-term deficit problem, they say, and there isn’t even an urgent debt...

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