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President Obama is urging everyone in Congress to vote in favor of the “doc fix” this week – deferring scheduled cuts in physician reimbursement for Medicare services rendered. On one level, this request is simply routine.  After all, these  “automatic ...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

Last Thursday’s newspapers were full of news.  Above the Wall Street Journal’s crease, for example, readers learned about violence in Greece, where three people were killed in a firebomb attack during a national strike that was ...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