U.S.’s $13 Trillion Debt Poised to Overtake GDP

By Garfield Reynolds and Wes Goodman,Bloomberg

 our debt is poised to surpass GDP in the near future

President Barack Obama is poised to increase the U.S. debt to a level that exceeds the value of the nation’s annual economic output,a step toward what Bill Gross called a “debt super [...]

Obama Leading America on ‘Dangerous Path’ to Welfare State

By:Jim Meyers,Newsmax

Rep. Paul Ryan tells Newsmax that America is at a “tipping point” and could be headed down a “very dangerous” path toward a social welfare state.

But the Wisconsin Republican insists it’s not too late to change course,and offers a plan he says will [...]

CBO Sees Obama Budget Bringing Debt to $20 Trillion By 2020

By Philip Klein,American Spectator

 

The Congressional Budget Office has released its assessment of President Obama’s budget,and the results aren’t pretty. According the analysis,deficits in the next decade will be worse than what the White House has projected,much higher than they would be if we were to [...]

Obama Defeats FDR (in Spending Other People’s Money)

By Terrence P Jeffrey,CNS News

 Obama has become the most spend happy President

After he signed a law last week authorizing the U.S. Treasury to borrow an additional $1.9 trillion,President Barack Obama delivered a characteristically sanctimonious speech. It was about his deep commitment to frugality.

“After a decade [...]

Even the Chinese Question the Cost of ObamaCare

By James Pethokoukis,Reuters

 The Chinese are concerned Obamacare will Sink America deeper into debt

Guess what? It turns out the Chinese are kind of curious about how President Barack Obama’s healthcare reform plans would impact America’s huge fiscal deficit. Government officials are using his Asian trip as an opportunity to [...]