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“Raising America’s Debt Limit Is a Sign of Leadership Failure”
Nov 20, 2009
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The reckless spending spree perpetrated this year by President Obama and his fellow Democrats in Congress has helped push the federal debt to unprecedented levels. Aided by a record deficit of $1.4 trillion, the national debt recently topped the $12 trillion mark. It’s precariously close to the...
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PAYGO and the $210 Billion Doc Trick
Nov 18, 2009
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We’ve got a joke for you. Have you heard the one about the “fiscally responsible” bill that adds over $200 billion to the deficit? It’s a classic.
So, there’s this legislation called the “doc fix” that is needed to prevent large reimbursement cuts for physicians’ Medicare services. A...
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Building Castles in the Sky
Nov 17, 2009
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Well, it’s finally clear what the Obama administration has done with all that stimulus money. They’re building castles in the sky!
ABC News reported yesterday that the administration’s stimulus tracking website (the one worth $18 million) listed nearly $200 million of stimulus funds spent in...
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FHA: A Bailout on Autopilot
Nov 13, 2009
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A report released this week by the Federal Housing Administration (FHA), which is furiously trying to prop up the home mortgage market, includes some sobering figures about the money FHA keeps in reserve.
“As of Sept. 30, those reserves had an estimated value of $3.6 billion, a sharp drop from the...
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So What You’re Saying Is…
Nov 12, 2009
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As they discover the inverse relationship between a rising unemployment rate and their tanking approval ratings, Democrats are beginning to ask, “Where are the jobs?”.
“Senate Democrats will take up a new job-creation bill in the wake of the 10.2 percent unemployment rate, Majority Leader Harry...
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What about the Physicians Groups Opposed to Obamacare?
Nov 6, 2009
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Yesterday, President Obama went out of his way to tout the American Medical Association’s (AMA) support for the current House version of Obamacare. (Which, by the way, is dependent on inclusion of a $210 billion “Doc Fix” the Democrats can’t find a way to pay for.)
Clearly the White House wants...
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Will Democrats Vote for a Bill that Costs $500+ Billion More than Obama Promised?
Nov 3, 2009
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When President Obama spoke to a Joint Session of Congress last September, he said that his health care plan would cost $900 billion over the first decade. In the months since, House Democrats have ignored the desires of the American people and bickered internally about the precise details of their...
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“More than 90 percent of the jobs created by this plan will be in the private sector”
Oct 30, 2009
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On January 10, 2009, Christina Romer and Jared Bernstein released a now well-known report claiming the Obama stimulus plan would keep unemployment below 8% and “save or create” 3-4 million jobs. While jobs “saved or created” is a phony concept that’s pretty much impossible to quantify,...
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Whatever Pelosi Wants, Pelosi Gets
Oct 29, 2009
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Today, the Speaker introduced her long-awaited final draft of health care reform. If the bill looks and sounds familiar, that’s because it’s essentially the same plan that she introduced months ago – the same plan to which the American people registered their disapproval all summer and fall. It...
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2,000 Pages of Takeover
Oct 29, 2009
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H.R. 3962, the version of Obamacare unveiled by Speaker Pelosi and House Democrat leaders today, is a stunning 1,990 pages long. Compared to the original version of the bill (H.R. 3200), which came in at 1,017 pages, it’s essentially the same bill. The one obvious and major difference? The version...
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