Defense spending is simply irresistible, in the sense that it has the Pentagon and Congress singing a line from that wretched old Robert Palmer chestnut: “There’s no telling where the money went.”
The money, or the “small arms, ammunition, …
Why the Debt Won’t — and Shouldn’t! — Go Away as a Campaign Issue
A few posts below, you’ll see that Republican representative Steve Daines of Montana, running for Senate, pledges he’s “fighting for more jobs and less government,” and he touts his bill that says if members of Congress can’t …
How Democrats Need You to Misunderstand ‘Deficit’ and ‘Debt’
Apparently the Democrats’ new dodge on the runaway national debt is to claim that the deficit is going down.
This argument relies on the public not knowing the difference between the deficit and the debt.
The deficit is a one-year …
Selling Grown-Up Policies to an Adolescent-Minded Electorate
This morning, I’ll spotlight two sections from today’s Morning Jolt. First, thoughts on what to do when it seems like the electorate just won’t listen to us, and isn’t interested in the solutions we know work …
It’s Debt and Deficit Week for the Romney Campaign
The big message for the week from the Romney campaign is the debt and deficit. This morning they pointed out in an e-mail:
On Friday, the Obama administration officially confirmed the FY2012 deficit exceeded $1 trillion for the fourth year in …
Remembering Obama’s ‘Unpatriotic’ Debt Comments
What was Barack Obama doing four years ago today? The RNC remembers:
“Four years ago today, then-candidate Obama said it was ‘irresponsible’ and ‘unpatriotic’ to add $4 trillion in debt. But in just one term, President Obama has added a record $5 …
Romney, RNC Kick Off Debt & Deficit Week
As mentioned below, this is “Debt and Deficit Week” for the Romney campaign. It’s the rhetorical equivalent of fish in a barrel.
This morning, the Republican National Committee takes batting practice on President Obama’s big promises, bigger disappointments, …
Obama’s Debt-Reduction Promises Continue to Expire
This morning, the Congressional Budget Office offers one more indicator of how far Obama has missed his bold promises on reducing the debt, projecting “a $1.1 trillion federal budget deficit for fiscal year 2012 if current laws remain unchanged. Measured as a …
Is the Fed Pursuing Our Interest or Banks’ Interests?
The Fed signals that it intends to hitch our national wagon to Europe just as Europe is going over the edge, and the Dow jumps 4 percent. Maybe I’m missing something.
All that Bernanke & Co. did yesterday was to …
It’s not getting better:
Officials in Berlin told The Telegraph it is “more likely than not” that investors will suffer fresh losses on holdings of Greek debt, beyond the 21pc haircut agreed in July.
The exact level …
Scalise: No Government Shutdown
The federal government will not run out of money until October 1, but new House majority whip Steve Scalise (R., La.) has already announced Republicans’ intention to surrender to President Obama and the Democrats on the issue of rising debt and …
Fluff Stories Conveniently Distract from the Government Failures Around Us
From today’s Morning Jolt…
Forget the Rest of the World; President Personally Calls Some Athlete You Never Heard Of Before
Hey, remember North Korea? They’re detaining a U.S. citizen.
Unless the Syrian rebels figured out some way to …
How the Sequester Has Impacted Our Debt Accumulation
Great news, everyone! Since the sequester kicked in, the national debt has only increased by $23 billion!
According to the Department of the Treasury, the total public debt outstanding has increased by $23,574,161,895.69 since March 1.
We’re now at $16.6 trillion.
Believe it …
A Long Cliff-mas Break Comes to an End
The first Morning Jolt of 2013:
Welcome back! I don’t know about you, but this holiday season seemed to stretch on forever — a school vacation that kept the kids at home for eleven days, an awful cold that …
The $16 Trillion Debt Threshold Looms
Below, our old friend Mark Hemingway wonders if the August jobs report — scheduled to be released September 7, the day after the Democratic National Convention ends — will end up stepping on the message of the Obama-Biden campaign. Obama will …
Over on the NRO home page today, I have a look at Obama’s spend-a-holic ways, both personally and nationally…
For starters, key demographics of voters perceive President Obama as a man who spends lavishly on his family …
Obama Has Created More Debt than Bush, in Less than Half the Time
Over the weekend, Steve Eggleston checked the latest numbers from the Treasury Department and credited me for an accurate prediction: that upon the Ides of March, President Obama reached the milestone of raising the debt by $4.93 trillion since taking office.
Bailing Out the Bail-Outers
Next up on the bailout parade? The FHA, probably:
The Federal Housing Administration, which backs about a third of U.S. home loans, could require billions of dollars in taxpayer aid if the housing market continues to deteriorate, a Republican …
Of German Bonds and American Prosperity
The question I am asked most often is: What will it take to get the government to stop running up the debt? A Republican president? A Republican president with a Republican House and a Republican Senate? A Republican president named …
Tons of Texas economic insights here.