Soaring Interest Payments the Cause of Obama’s Incredible Shrinking Discretionary Budget

Recent college graduates know a lot about debt. Many have racked up debt burdens that they will be paying back for years. Their monthly payments – often as much as $1,000 – will limit their ability to live the lifestyle their salary would otherwise entitle them to. And their interest payments are a demoralizing force…
Read More »

Obama’s Budget Proposal Is One Step Forward, Five Steps Back

One step forward and five steps back. That’s the early feeling I get when reading about some of the things we can expect from President Obama’s budget. On the plus side of the ledger, Obama appears to be willing to officially embrace “chained-CPI,” which is a new measure of inflation used to determine Social Security…
Read More »

After Four Years of Waiting, Is This Budget Really the Best Democrats Can Do?

Despite their legal responsibility, Senate Democrats didn’t release a budget for four years. After having some time to digest their recently released budget package, I can now see why. Not only is it utterly lacking in ideas to move the nation forward, it’s a document deeply rooted in the flawed status quo. It’s filled with…
Read More »

After Sequester Debacle, Obama Plotting Budget Strategy

The Obama Administration announced that their 2014 will be delayed once again. By law, President Obama’s budget was due on February 4. Sadly, this White House has viewed the law, as more like a set of guidelines, to be followed when it is convenient. Instead, congressional sources indicate that Obama will release his budget on…
Read More »

Democrats Finally Admit Their Budget Will Require Taxes to Rise, Rise, and Probably Rise Some More

House Republicans realized they were backed into a corner. Democrats control the Senate and the White House and were dead set on pushing the nation to the brink of default to ensure government spending would not be cut. It was a game that Democrats knew they could win; with the media on their side they…
Read More »

Battle of the Pauls: Why Krugman's Attack on Rep. Ryan Falls Flat

According to Paul Krugman Republican politics is characterized by pathological dishonesty. That is to say, he feels that many Republicans in Congress, in their heart of hearts, understand certain things – that stimulus is good, that budget cuts are bad, and that deficits are neither good nor bad – it’s just that they are too…
Read More »