$3.15 trillion automatic government spending goes on in spite of ‘shutdown’

By Robert Romano One surprising aspect of the partial federal government so-called “shutdown” is what a small portion of the budget is actually affected, in turn bringing attention to just how little impact Congress can have on spending through the normal budget process. Some $2.5 trillion of federal outlays — more than 66 percent of all spending — is categorized […]

Republicans must show that they are serious about spending cuts

By Adam Bitely — Republicans in Congress have a real chance to show that they are serious about cutting spending with the upcoming sequestration cuts. If they hold firm on this, this will be the first example that they are willing to actually make cuts instead of negotiate deals with Democrats that only increase the spending and the debt. There […]

The real threat is spending

Cartoon by William Warren NRD Editor’s Note: As always, you may reprint this cartoon anywhere you please, but we ask that you provide a link back to this source. To see more cartoons, click here.

11.20.2012 in Featured, Government Debt, Government Spending by Rick Manning 1

The Real Fiscal Cliff

By Rick Manning — Millions of words will be written and spoken about the so-called fiscal cliff that our nation faces should Congress and the president fail to act on the massive tax increases that are scheduled to go into effect on Jan. 1, 2013. The arguments will be intense with threats of government shut downs and all sorts of […]

11.16.2012 in Big Government, Economy, Featured, Government Spending, Politics by Bill Wilson 3

Sequester better than no cuts at all

By Bill Wilson — “[T]he only thing that’s worse than cutting national defense is not having any scheduled cuts at all take place.” That’s how Rep. Jim  Jordan, chairman of the House Republican Study Committee, put it recently, in defense of $109 billion of reductions to budget authority that are set to take place at year’s end — much of […]

Who does welfare hurt most?

By Rebekah Rast — Hard times can fall on anyone. Joe Kerekes, 56, and his wife, Anita, live in the southern part of West Virginia—once the heart of America’s coal producing region.  But now this area that heavily depended upon a single industry for jobs is not offering the economic opportunities it once was.  MSN Money tells the story of […]

The two parties of Big Government

By Rebekah Rast — Would the author of the New Deal be pleased with the state of Social Security 80 years later?  Did President Johnson, when approving of the Medicare amendment in 1965, know of the volatility of such a program and the government dependency it would create? While Presidents Franklin D. Roosevelt and Johnson did what they thought best […]

THE FEDERAL DEBT = $16,000,000,000,000 and RISING!

MEMO FOR THE CONSERVATIVE MOVEMENT AMERICANS SAY “STOP SPENDING NOW!” THE FEDERAL DEBT = $16,000,000,000,000 and RISING! RE: Total U.S. debt subject to limit will reach $16 trillion probably within days. The Congressional Budget Office’s (CBO) long-term budget outlook states that debt held by the public will surge to 70 percent of the economy by the end of the year. […]

Federal Government loses at least $25 billion on auto bailout

I’m surprised it was only this much…: The Treasury Department says in a new report the government expects to lose more than $25 billion on the $85 billion auto bailout. That’s 15 percent higher than its previous forecast. In a monthly report sent to Congress on Friday, the Obama administration boosted its forecast of expected losses by more than $3.3 […]

08.09.2012 in Economy, Government Spending by Rick Manning 8

Another Trillion dollars closer to the fiscal cliff

By Rick Manning — The Congressional Budget Office provided a glimpse at the 10-month mark of the federal fiscal year 2012, and the results are grim. Outlays are virtually the same through 10 months of 2012 as they were in 2011 at $3 trillion and revenues collected during this same period are slightly higher at approximately $2 trillion.  This means […]

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