By KARL ROVE President Barack Obama and Congress face a mess if the federal government hits the debt ceiling Aug. 2. The Bipartisan Policy Center, a Washington think tank, projects that the government will receive $172 billion in revenues between Aug. 3 and Aug. 31, but it is on the hook to spend $306 billion, leaving a shortfall of $134 billion. On... Read more
Archive for the ‘Debt’ Category
Obama Jobs
July 15 | Posted by mrossol | Debt, Economics, ObamaResearcher Jeffrey Anderson writing at the weeklystandard.com, July 3: When the Obama administration releases a report on the Friday before a long weekend, it’s clearly not trying to draw attention to the report’s contents. Sure enough, the “Seventh Quarterly Report” on the economic impact of the “stimulus,” released on Friday, July 1, provides further evidence that President Obama’s economic “stimulus” did... Read more
Revenues Increase without a Tax Increase!
July 15 | Posted by mrossol | Debt, EconomicsReview & Outlook: California’s Millionaire Windfall – WSJ.com. Well, what do you know.
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