Posted by The Foundry on June 25th, 2011 | Categorized as Network Posts | Tagged as medicaid, medicare, national debt, social security, taxes
Similar issues are confronting both the U.S. and Europe today. As the Grecian debt tragedy unfolds, the underlying fear is that it may be a prequel to what will happen here. The nation’s spending and debt situation is dire and our course must change. Washington is coming closer to the debt ceiling deadline; terse negotiations have led several in Congress to pull out of the talks reportedly over some insisting on tax increases that would harm a fragile economy. While Americans have clearly expressed their desire for bold action on … More
Posted by The Foundry on June 14th, 2011 | Categorized as Network Posts | Tagged as epa, national debt
Billion used to be a big number in the United States, but today trillion is tossed around with increasing regularity. We could use your help communicating its significance. Whether it’s the $14.3 trillion public debt or the $62 trillion owed for the government’s unfunded liabilities, the number is so large that many folks have no…
Posted by The Foundry on March 23rd, 2011 | Categorized as Network Posts | Tagged as deficit, medicaid, medicare, national debt, social security, taxes
The Congressional Budget Office (CBO) has completed its initial review of President Barack Obama’s budget request and found that the White House significantly understated the cost of and red ink in its budget. While President Obama claimed his budget would produce $7.2 trillion in deficits (a staggering figure) over the next decade, CBO calculated $9.5…
Posted by The Foundry on February 23rd, 2011 | Categorized as Network Posts | Tagged as deficit, federal spending, inflation, medicaid, medicare, national debt, republic, social security, taxes
Uncle Sam is spending you into the poorhouse. Taxes, inflation, unemployment, interest rates – all could skyrocket if Washington keeps spending trillions of dollars it doesn’t have. Unless we begin to cut spending now (a lot of spending) these four horsemen of debt will ride roughshod over families and businesses already struggling to get by….
Posted by The Foundry on February 17th, 2011 | Categorized as Network Posts | Tagged as bailouts, epa, national debt
As Congress and the President scramble around for budget cuts, caps and freezes, all are ignoring a wealth of federally owned assets that serve little or no purpose to our nation. If sold, the proceeds would measure in the hundreds of billions and would take a significant chunk out of the public debt. It would…
Posted by The Foundry on February 16th, 2011 | Categorized as Network Posts | Tagged as national debt
“We have an Administration that is saying, we want you to vote on the debt ceiling and continue business as usual. No reforms, no cuts in spending,” explains Senator Pat Toomey (R-PA). With pragmatic perspective and common-sense suggestions, Toomey debunked the debt limit hysteria in a speech at The Heritage Foundation this morning. After his…
Posted by The Foundry on December 16th, 2010 | Categorized as Network Posts | Tagged as deficit, federal spending, Harry Reid, Mitch McConnell, national debt
Update – 9:00PM: Earlier this evening, Senator Harry Reid (D-NV) decided against proceeding with the omnibus bill, promising instead to pursue a short-term continuing resolution. As we reported this week, Congress is considering a new $1.1 trillion omnibus spending bill. This 2,000 page monster is the result of a refusal by Congress to pass a…
Posted by The Foundry on December 3rd, 2010 | Categorized as Network Posts | Tagged as deficit, national debt, taxes
In advance of today’s vote on the National Commission on Fiscal Responsibility and Reform’s report, there has been increased attention on the nation’s fiscal health and the serious dangers posed by our out-of-control national debt. But while this issue has garnered increased scrutiny, some continue to ignore the real cause of our debt and deficit…
Posted by The Foundry on November 17th, 2010 | Categorized as Network Posts | Tagged as medicaid, medicare, national debt, social security
The Government Accountability Office (GAO) has released yet another dire warning about the nation’s long-term fiscal condition. The report—an annual update of long-term budget simulations—projects that debt held by the public will likely exceed the historical high within 10 years.
What was once viewed by many as a distant budget imbalance has suddenly become a near-term…
Posted by Shane on June 9th, 2010 | Categorized as Economy, In The Media | Tagged as epa, national debt, republic
June 8 (Reuters) – The U.S. debt will top $13.6 trillion this year and climb to an estimated $19.6 trillion by 2015, according to a Treasury Department report to Congress. The report that was sent to lawmakers Friday night with no fanfare said the ratio of debt to the gross domestic product would rise to…