Tag Archives: debt ceiling

NJ Gov. Christie Evades Government Spending in Union Giveaway

Posted on March 6, 2013 by

Bloomberg reports that New Jersey’s unfunded public employee pension liability increased by $5.5 in 2012, which is a 13% increase in the states total unfunded pension liability. As I have written before in the case of Obama’s $761.5 billion accounting … Continue reading →

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Obama Using Accounting Cheat to Hide $761.5 Billion in Deficit Spending

Posted on February 21, 2013 by

Federal Times reports an OPM announcement that the unfunded liability for federal employee pensions is $761.5 billion– the size of a TARP bailout. Today private companies, like Ford, have been pouring their profits into pension liabilities instead of new jobs, … Continue reading →

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Raising the Debt Ceiling, a False Controversy

Posted on February 20, 2013 by

In January 2013, our Congress voted to temporarily suspend the federal debt ceiling [HR 325].  This political grandstanding was designed to stick President Obama with the tar baby of our federal debt and distract Americans from that fact that Congress … Continue reading →

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