Tag: federal budget
Amendment 28

How about this as an amendment to the Constitution of the United States? Amendment 28: Section 1: The president shall determine the dollar amount of total federal outlays prior to the passage of the budget. Congress must allocate outlays to remain within this dollar limit. Section 2: The presidential budget cap can be exceeded...
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Obama’s Tax-and-Spend Bender

The Wall Street Journal reports that as if the recent Senate election in Massachusetts never happened (or perhaps because of it?), President Barack Obama’s budgets for 2010 and 2011 will push federal government spending up to gigantic new levels: The budget reveals that overall federal outlays will reach $3.72 trillion in fiscal 2010, and...
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Obama Cabinet Proposes Budget Cuts

A whopping $242 million in cuts. “These ‘cuts’ will save less than $1 per household this year,” says a budget analyst at the Heritage Foundation, or enough to pay for five hours of interest on the federal debt. The savings represent 0.006% of the nation’s $3.99 trillion budget. Obama promised to go through the...
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More Stimulus: Insanity?

Warren Buffett says the economy is not recovering and we might need a second stimulus package to turn things around. In other words, what we did before isn’t working, so let’s do it again. Insanity has sometimes been described as doing the same thing over and over and expecting different results. When George W....
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CBO Report: U.S. Will Go to Hell in 2009

According to a report just released by the Congressional Budget Office (CBO), “the [federal budget] deficit this year will total $1.2 trillion, or 8.3 percent of GDP.” This seems about right for a banana republic. The bad news is that neither commercial banana cultivation nor a republican form of government has proved viable in this...
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