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Tag Archives: spending

Will the federal government default?

If the President (and his Senate) fail to reach a deal on raising the debt ceiling on October 17th, will the federal government go into default? Only if Barack Obama wants it to, because it’s entirely in his hands. Monthly revenue can easily cover the amount America must spend to service its debt. On top […]

Do we have a revenue problem?

Tax receipts are at near-record highs, and yet: We do not have a revenue problem. We have a spending problem.

What does sixteen trillion dollars look like?

Looking at the spinning numbers of the National Debt Clock doesn’t quite convey just how much the Democrats liberals progressives statists in Washington have spent. Try this. We. Do. Not. Have. A. Revenue. Problem.

Happy Halloween

Do the rich pay their fair share?

I have questions for people who say “the rich don’t pay their fair share.” What counts as “rich” to you? Are we looking at net worth? Annual income? Households or individuals? What’s the cutoff for “fair share,” pray tell? 40% of income? 50%? 75%? 100%? Or are we talking about confiscating wealth instead of just […]

Bob Gibbs & the Obamacare repeal letter

The effort to choke off funding for Obamacare continues in the U.S. House of Representatives. Yesterday morning I e-mailed the following question to Rep. Bob Gibbs (R-OH) via his 7th District campaign’s Facebook page Why didn’t you sign this letter pledging to defund Obamacare? His reply: Alo, Obviously I’m totally against Obamacare, I have voted […]

Do we have a revenue problem?

Take a look at the average American’s share of federal revenue and spending from 1920 to now, adjusted for inflation to the value of a dollar in the year 2005. Click the chart to see it at full size. Since around 1995, the amount of revenue Uncle Sam has been able to squeeze out of […]

What if we cut all defense spending?

Would we balance the budget and reduce the national debt if we completely eliminated every last dime spent on the military and on defense? The numbers speak for themselves. Look at the chart. We do not have a revenue problem. We have a spending problem.

“Hey, Reagan increased the debt just like Obama.”

Oh, really? When a country’s debt climbs past 60% of the total size of its economy for an entire year (what economists call its “Gross Domestic Product”), the country’s economic health suffers. When the debt-to-GDP ratio passes 90%, alarm bells go off. The longer it stays that high — or higher — the greater the […]

Still waiting on the U.S. Senate to pass a budget

Any time now would be nice, Democrats. You’ve controlled the Senate since the last time it passed a budget. Do your jobs, for once.

The Obama budget

This chart comes from the White House (check page 58 of the monster PDF file), not from some crazy right wing extremist oppressor of downtrodden poor people and kicker of puppies. This is the Obama Administration’s current plan, in a document never intended to actually be passed.  It’s published strictly for election propaganda (“Look!  It’s a […]

The Vote Pump sucketh

Is this what you want? If so, vote for Barack Obama. We do not have a revenue problem. We have a spending problem.

Ohio’s Porkulus data

I just looked up the summary of Ohio data on Recovery.gov and here’s some of what I found. Compare the numbers for jobs created/”saved” and money wasted spent for Ohio’s 18 congressional districts, and the numbers for the ten nonexistent districts that turned up. District Jobs Porkulus 1 – Dreihaus (D) 349.7 $1,063,584,388 2 – […]

Is President Bush really a profligate spender?

I’ve been under the impression that President Bush spends money like a sailor on shore leave. Orrin Judd has me thinking that I might be wrong. Hat tip: Instapundit

For the record: Kerry defense cuts

As several 24-hour news cycles pass by after the Republican National Convention and blur our memories of who said what at which point in time, a reminder can come in handy. Lest anyone forget that John Kerry wanted to cut numerous military weapons systems that Zell Miller recited in his RNC speech, I offer two […]

Kerry screws the troops again

President Bush just signed this year’s Department of Defense Appropriations Act, which appropriates $391 billion toward such worthy goals as more body armor, more armored Humvees, more ammunition, more fuel, more spare parts, and critical funding for the war in Iraq and Afghanistan. The House passed the bill by a margin of 410-12, and the […]