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If you are under 40, here’s what you get to inherit as we boomers die off:
Obama on Pace to Borrow $6.2T in One Term—More Than All Presidents from Washington Through Clinton Combined
By Terence P. Jeffrey
January 13, 2012
President Barack Obama and Treasury Secretary Tim Geithner (AP Photo/Gerald Herbert)
(CNSNews.com) – President Barack Obama has been increasing [...]
Posted by Jerry Pomeroy as Budgets, Campaign 2012, Economics, Government Blunders, Obama Presidency at 9:35 AM UTC
So California’s Governor Jerry Brown wants to raise taxes? What’s new? America’s political reality is, no matter how much revenue flows to governments, it’s never enough. At least with this proposed tax increase the voters can say “No!”
Brown Seeks 7% California Spending Boost
By [...]
Posted by Jerry Pomeroy as Budgets, Campaign 2012, Government Blunders, Taxation at 5:51 AM UTC
Is anybody listening? How long will we let this go on?
Obama to ask for debt limit hike: Treasury official
WASHINGTON | Tue Dec 27, 2011 11:33am EST
(Reuters) – The White House plans to ask Congress by the end of the week for an increase in the [...]
Posted by Jerry Pomeroy as Budgets, Campaign 2012, Government Blunders, Obama Presidency at 10:57 AM UTC
Watch and weep. Not sure how old the video is, but our national debt now stands at $15,000,000,000,000. (That’s $15 trillion). Happy viewing:
Posted by Jerry Pomeroy as Budgets, Campaign 2012, Government Blunders, Obama Presidency, Video at 6:42 AM UTC
Wondering why the Republicans are steadfastly refusing to raise taxes as a compromise in response to Democratic promises to cut spending? Ann Coulter has the answer. The Dems get their tax increases today, then renege on their promise to cut spending tomorrow. It’s happened twice before. Thank God somebody pays attention to history.
I’LL GLADLY PAY [...]
Posted by Jerry Pomeroy as Budgets, Campaign 2012, Fraud Watch, Liberal Hypocrisy, Taxation at 10:54 AM UTC
$600 trillion in derivatives? Whatever the number, debt is the demon that may cause is all to long for the good old days. Happy reading:
The next financial crisis will be hellish, and it’s on its way
By Addison Wiggin | Forbes – November 16, 2011
“There is definitely going to be another financial crisis around the corner,” says [...]
Posted by Jerry Pomeroy as Budgets, Economics, Government Blunders at 6:04 AM UTC
The following article is a truly chilling account of the world’s financial situation. I’d say, “Save your money; hard times are coming,” but saving money won’t do any good when the coming tidal wave of inflation rolls in. To borrow the Reverend Wright’s saying, the world’s chickens are coming home to roost. Irresponsible borrowing and [...]
Posted by Jerry Pomeroy as Budgets, Economics, Government Blunders at 4:04 PM UTC
I thought I’d heard the worst in government waste. Silly me. Leave it to San Francisco to raise the bar on unfathomable waste. Sit down before reading on:
Wheelchair ramp will cost $100,000 a foot
Phillip Matier,Andrew Ross
The proposed $1 million wheelchair ramp in City Hall. Chronicle Illustration
Where else but San Francisco City Hall could a [...]
Posted by Jerry Pomeroy as Budgets, Government Waste at 7:30 PM UTC
CBO warns of ‘profound’ challenges
The current national unemployment rate is 9.1 percent. | Reuters Close
By SEUNG MIN KIM | 8/24/11 9:40 AM EDT Updated: 8/24/11 12:32 PM EDT
The Congressional Budget Office painted a dreary economic picture Wednesday in a new report that warns of “profound budgetary and economic challenges” ahead.
The national [...]
Posted by Jerry Pomeroy as Budgets, Government Blunders, Obama Presidency at 11:11 AM UTC
Here’s a heartwarming story about Uncle Sam’s spending practices. The following must be true; it’s from the Associated Press:
Gov’t pays for empty flights to rural airports
By KEVIN BEGOS and ADRIAN SAINZ
Associated Press
AP Photo/Vicki Smith
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On some days, the pilots with Great Lakes Airlines fire up a twin-engine Beechcraft 1900 [...]
Posted by Jerry Pomeroy as Budgets, Government Waste at 6:40 AM UTC