But hang on. I thought the Social Security checks came out of the famous “Social Security trust fund,” whose “trustees” assure us there’s currently $2.6 trillion in there. Which should be enough for the August 3rd check run, shouldn’t it? Golly, to listen to the president, you’d almost get the impression that, by the time you saw the padlock off... Read more
Archive for the ‘Obama’ Category
Obama Owns the Debt-Ceiling Fiasco
July 15 | Posted by mrossol | Debt, Economics, ObamaBy 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
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
Review & Outlook: The Jobless Summer – WSJ.com
July 3 | Posted by mrossol | Economics, Obama, Party Politics, Socialism, The LeftReview & Outlook: The Jobless Summer – WSJ.com. Perhaps you’ve already noticed around the neighborhood, but this is a rotten summer for young Americans to find a job. The Department of Labor reported last week that a smaller share of 16-19 year-olds are working than at anytime since records began to be kept in 1948. Only 24% of teens,... Read more
Vindicating the CIA
July 3 | Posted by mrossol | Liberal Press, Obama, Party Politics, The LeftReview & Outlook: Vindicating the CIA – WSJ.com. Well, again I wait for the moaning and bleating of the liberal press… = The education of the Obama Administration on antiterror policy has been remarkable to behold, and the latest installment is Attorney General Eric Holder’s decision to pull the plug on the investigation into most CIA interrogations. The disgrace is... Read more
Why the Jobs Situation Is Worse Than It Looks
June 27 | Posted by mrossol | Economics, Obama, Party PoliticsWhy the Jobs Situation Is Worse Than It Looks A very, very compelling, gut-wrenching piece. =============== The Great Recession has now earned the dubious right of being compared to the Great Depression. In the face of the most stimulative fiscal and monetary policies in our history, we have experienced the loss of over 7 million jobs, wiping out every job gained since the... Read more
