Tag Archives: deficits

What should Congress do? #5 Tax Reform

Posted on June 25, 2013 by Jim

Given President Obama’s abdication in presenting select priorities to the Congress, Selfish Citizenship took the initiative to spell out the top seven legislative priorities for 2013 at the beginning of the year. I recall Rep. Frank Wolf tell us at … Continue reading →

Posted in Congress | Tagged Affordable Care Act, deficits, eat the rich, Frank Wolf, John Roberts, Laffer Curve, ObamaCare, punitive taxation, tax reform, taxes | 2 Comments

Is the Great Recession really over?

Posted on June 16, 2013 by Jim

I did not realize that we are many years into President Obama’s economic boom times. Reportedly, the Great Recession ended only a couple months after our President took office, but that must be former President Bush’s fault. Yet, to me, … Continue reading →

Posted in Economics, Questions | Tagged Barack Obama, Bureau of Economic Analysis, Commerce Department, debt, deficits, GDP, George W. Bush, Great Recession, John Allison, National Bureau of Economic Research, recession | Leave a comment

NJ Gov. Christie Evades Government Spending in Union Giveaway

Posted on March 6, 2013 by Jim

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 →

Posted in Election, Political Discussions | Tagged Barack Obama, Bloomberg, Bosch Fawstin, Chris Christie, corruption, debt, debt ceiling, deficit hawk, deficit reduction, deficits, Elise Young, New Jersey, pensions, public employee unions, Terrance Dopp, unfunded liabilities | Leave a comment

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

Posted on February 21, 2013 by Jim

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 | Tagged Barack Obama, corruption, debt, debt ceiling, deficit hawk, deficit reduction, deficits, pensions, unfunded liabilities | 5 Comments

Raising the Debt Ceiling, a False Controversy

Posted on February 20, 2013 by Jim

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 | Tagged appropriations, Balanced Budget Act, Barack Obama, debt, debt ceiling, deficit hawk, deficit reduction, deficits, Frank Wolf, John Boehner, Mo Brooks | Leave a comment