President Obama gave a speech in Iowa recently in which he told one of the biggest whoppers of his 2012 re-election campaign. Under increasing attack from Mitt Romney's campaign and Republican super-PACs for the unprecedented trillion dollar deficits and $16 trillion debt he has run up during his presidency, Obama claims he has the best fiscal record of any chief executive in the past six decades.
It’s no wonder most Americans don’t trust politicians and government agencies in Washington, D.C. Too often the city’s power brokers offer talking points that seem to fly in the face of logic.
A new Obama administration report claims that health reform (ObamaCare) will save taxpayers $200 billion in the Medicare program through 2016. To what do we owe this good fortune?
Republican Senators discuss the CBO's announcement that many could lose coverage under the new healthcare plan.
Congress will take center stage for the next couple of weeks as the spotlight recedes from the presidential primary process. The opening act is a tragedy about a party drifting away from its small government roots.
The Congressional Budget Office gave us a forecast preview Wednesday of the frightening fiscal catastrophe that threatens to engulf the government in a sea of debt.
Buried within the Congressional Budget Office's most recent report on the progress of President Obama's American Recovery and Reinvestment Act was a surprising admission: the CBO now estimates the stimulus might have been only half as effective as previously thought.
Bloomberg doubted Zandi and the President's projections, too. They surveyed 34 other economists. Not one was as optimistic as Zandi. In fact the average job creation estimate by the group was a paltry 288,000. Five said the legislation would produce zero new jobs. Since Obama's wants to spend $447 billion to get there, if the average estimate were to come true that works out to $1.6 million per job.
Considered in isolation, payroll tax cuts in the jobs bill look like a crass political stunt: reducing revenues by $240 billion next year and then magically disappearing right after the November elections.
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