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Tag Archives: debt ceiling
NJ Gov. Christie Evades Government Spending in Union Giveaway
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 →
Obama Using Accounting Cheat to Hide $761.5 Billion in Deficit Spending
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 →
Posted in President
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Tagged Barack Obama, corruption, debt, debt ceiling, deficit hawk, deficit reduction, deficits, pensions, unfunded liabilities
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5 Comments
Raising the Debt Ceiling, a False Controversy
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 →
Posted in Congress, Political Discussions
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Tagged appropriations, Balanced Budget Act, Barack Obama, debt, debt ceiling, deficit hawk, deficit reduction, deficits, Frank Wolf, John Boehner, Mo Brooks
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