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Budget Deficit Tag

Posted by William A. Jacobson on July 01, 2010 1 Comment

Sharron Angle has come under withering fire from Harry Reid's campaign and its operatives for highlighting the need to move away from the entitlement state in favor of policies which foster personal choices and responsibility.Yet a budget report just released by the Congressional Budget Office...

Posted by William A. Jacobson on June 24, 2010 4 Comments

Sheldon Whitehouse has taken to the floor of the Senate again to accuse everyone who opposes driving the country further into debt of being against people who are suffering financially.But that accusation, much like Whitehouse's accusations against opponents of ObamaCare, is based on a false...

Posted by William A. Jacobson on May 24, 2010 4 Comments

Why does Obama want us to be more like Europe, with its supposedly compassionate and fair welfare state?The welfare state is not compassionate; it is the height of selfishness and generational cruelty:Across Western Europe, the “lifestyle superpower,” the assumptions and gains of a lifetime are...

Posted by William A. Jacobson on May 15, 2010 11 Comments

The fiscal equivalent of Stockholm Syndrome:A term used to describe a paradoxical psychological phenomenon wherein government officials express adulation and have positive feelings toward unsustainable union contracts that appear irrational in light of the danger or risk posed by such contracts to the government.Our politicians...

Posted by William A. Jacobson on May 01, 2010 9 Comments

Intergenerational warfare is breaking out in Greece as youth blame their elders for the economic mess, resulting from decades of welfare-state policies, that has left Greece bankrupt.I wonder whether the questions being asked by the youth of Greece are the same questions our children and...

Posted by William A. Jacobson on March 29, 2010 2 Comments

Don't ever say this was unexpected:So Obama is flirting with a future budget crisis. Moody's emphasizes two warning signs: rising debt and loss of confidence that government will deal with it. Obama fulfills both. The parallels with the recent financial crisis are striking. Bankers and...

Posted by William A. Jacobson on March 21, 2010 5 Comments

The housing bubble peaked in 2005. The bubble reflected a fiscal lack of reality built upon the greater fool theory, that there always would be another buyer foolish enough to pay more. (Chart via Bubblemeter) We now are on the cusp of passing a health...

Posted by William A. Jacobson on February 02, 2010 6 Comments

Understandably, the raw numbers in Obama's budget -- both deficits and taxes -- are receiving huge attention.There is another aspect which makes the raw numbers even more pernicious. Many of the new tax increases are a function of the taxpayer's overall income, such as caps...

Posted by William A. Jacobson on February 02, 2010 7 Comments

Mission almost accomplished. Fail to the Chief: Even with tax hikes and spending cuts, Mr. Obama's budget foresees a record budget deficit of $1.6 trillion this fiscal year, sliding down to $706 billion in red ink by 2014, only to begin rising again as the...

Posted by William A. Jacobson on December 12, 2009 2 Comments

Barack Obama loves to try to blame George Bush for our deficits and out of control spending, as if Democratic control of Congress for the last several years, and Obama's control of the budget this year, had nothing to do with it. So how will...

Posted by William A. Jacobson on November 12, 2009 12 Comments

Good morning. Hope you slept well. You won't tonight, after seeing this, from the CBO website: Federal Budget Deficit as a Percentage of Gross Domestic Product (By fiscal year)-------------------------------------------- Related Posts: 100% Plus Taxation Key To Permanent Dem Majority For Crying Out Loud: "Barack Obama Deficit-Slayer" Follow me on Twitter...

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