SUNBATHING OBAMA BURNING US TO A CRISP

Charles Hurt,New York Post

Obama plays while America drowns in his debt

Sunning lazily this week on the rocky shores of Martha’s Vineyard,President Obama is in a terrible pickle.

He has flushed billions of taxpayers’hard-earned dollars down the toilet "stimulating"the economy,acquiring insolvent car [...]

California’s Nightmare Will Kill Obamanomics

By Kevin Hassett,Bloomberg

California and US can't seem to stop wasting dollars

Last week,we discovered that the state of California will gladly pay you Tuesday for a hamburger today.

With California mired in a budget crisis,largely the result of a political impasse that makes spending cuts and [...]

US lurching towards ‘debt explosion’with long-term interest rates on course to double

By Philip AldricK,UK Telegraph

Sec Treasury Timothy Geithner doesn't have a clue

In a 2003 paper,Thomas Laubach,the US Federal Reserve’s senior economist,calculated the impact on long-term interest rates of rising fiscal deficits and soaring national debt. Applying his assumptions to the recent spike in the US fiscal deficit [...]

Gov’t borrowing trend at unprecedented level

By Jim Brown,OneNewsNow 

For this years new debt,your housefold owes $16,000

A budget analyst is providing hard numbers on how President Obama’s proposed historic expansion of spending,taxes,and debt will affect future generations of Americans.

The White House now estimates that the federal budget deficit will [...]