Precious little about the way American “leaders” are facing the looming fiscal catastrophe inspires confidence. The very fact that a commission was established to disarm our ticking debt bomb is itself a retreat from legislative responsibility. And our our legislators, ...Read more
The Fiscal Solutions Tour led by David Walker, former US Comptroller General, drove in to Portsmouth, NH, for a group breakfast this morning. The event was sponsored by the Concord Coalition, a flock of fiscal hawks launched in 1992 by ...Read more
President Obama submitted a budget earlier this year that includes soaring debt and deficits that even White House Director of Management and Budget Peter Orszag admitted are “unsustainable.” Perhaps not wanting to showcase an equally irresponsible budget, Congress is not ...Read more
“Budget? We don’t need no stinking budget.” That is what Congressional Democrats seem to be saying, kind of like the classic line from The Treasure of the Sierra Madre (“Badges? I don’t have to show you no stinking badges!”). Until ...Read more
President Obama is expected to announce today a $3.8 trillion budget with a $1.2 trillion deficit for FY2011. Here’s the context within which he will reveal his plan. For decades now, the federal debt acquired through years and years of ...Read more
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