Deficit | Burst Updates

Browsing All posts tagged under »Deficit«

MCCAIN: TEA PARTY IS PUSHING THE DEMS BEYOND COMPROMISE

May 24, 2013

AP: “A long-simmering feud between establishment Republicans and tea partyers is in full view again with Sen. John McCain accusing younger colleagues of using tactics that might tempt Democrats to change Senate rules that now protect the minority party. How to deal with the government’s debt and spending became the latest quarrel between the GOP’s […]

SEN CRUZ: I DON’T TRUST REPUBLICANS

May 23, 2013

Hill: “McCain said a “small minority of the minority” was blocking progress on the budget and a return to regular order. But Rubio and Cruz argued that Democrats are trying to use budget reconciliation rules as a back-door way to raise the debt ceiling with just 51 votes, essentially giving “Democrats a blank check.” The […]

OBAMA DECLARES APRIL NATIONAL FINANCIAL CAPABILITY MONTH

April 2, 2013

Obama: “I call upon all Americans to observe this month with programs and activities to improve their understanding of financial principles and practices. My Administration is dedicated to helping people make sound decisions in the marketplace. Together, we can prepare young people to tackle financial challenges, from learning how to budget responsibly to saving for […]

CALIF CITY DEFENDS BANKRUPTCY CHARGE: DIDN’T CUT ENOUGH SPENDING

March 25, 2013

AP: “Creditors who lent Stockton money are challenging its Chapter 9 bankruptcy petition, but most observers say there’s no doubt the city of 300,000 will be successful. Its largest creditors are bond insurers who helped the city refinance pension debt. They will argue that Stockton is solvent and hasn’t cut spending enough.” This is the […]

OBAMA’S BALANCED BUDGET GOALS MISSING THE BUCKET: NOT KEEPING SCORE

March 13, 2013

Obama: “My goal is not to chase a balanced budget just for the sake of balance, my goal is how do we grow the economy, put people back to work, and if we do that we’re going to be bringing in more revenue.” When he first ran his goal was to reduce the deficit by […]

OBAMA SEQUESTER A MANUFACTURED CRISIS: WHY DID HE PROPOSE IT?

February 20, 2013

Obama addresses the sequester November 2011: “Already, some in Congress are trying to undo these automatic spending cuts. My message to them is simple: No. I will veto any effort to get rid of those automatic spending cuts to domestic and defense spending.” The cuts amount to $85 billion out of an annual budget close […]

OBAMA INVESTS IN AMERICA: BUSINESS CANNOT

February 14, 2013

Obama spoke this week during the State of the Union: “Let’s set party interests aside, and work to pass a budget that replaces reckless cuts with smart savings and wise investments in our future. … It’s not a bigger government we need, but a smarter government that sets priorities and invests in broad-based growth.” He […]

SENATE PASSES TAX AND SPEND: SENT TO HOUSE

January 1, 2013

Long term unemployment remains as is, capital gains and inheritance change, sequestration is delayed, but the heart of this deal is ‘Old 41′, $620 Billion in new taxes and $15 Billion in spending cuts. That’s the ratio Obama came before the country yesterday afternoon and campaigned for while the Senate was trying to work something […]

OBAMA TURNED OFF FIRE PREVENTION DAY 1: AMERICA OUT OF CONTROL

December 5, 2012

Climate change, lack of rain and higher temperatures, are leading indicators for fire activity. Once begun, measures are implemented to control and/or redirect the spread. The team must focus on the entire fire activity at all times, again, taking into account weather conditions. Satellite data is available to create images which define the fire in […]

OBAMA’S COLD WAR AGAINST 401K’S

December 2, 2012

Cigarette taxes continue to shatter new records but it’s not the wealthy that market focuses on. All of the lower class support for ObamaCare, the free goodies to be provided by those who must pay their fair share, who is taking into account all of the employment to be lost as a result of higher […]