Bloated Rotting Whale Corpse Huge: Report Shows U.S. Deficit for Just This Year Is HUGE
Posted: August 27, 2014 Filed under: Breaking News, Economics, Politics, White House | Tags: $506 billion, CBO, Congressional Budget Office, Entitlement, Gross domestic product, Social Security (United States), United States federal budget, United States public debt, World War II 1 Comment
For Daily Signal, Romina “Rom Raincloud” Boccia reports: While many reports will focus on the Congressional Budget Office’s (CBO) 2014 deficit and economic forecast released today, a less-told story is what’s driving the growth in government spending over the next decade. Beyond current reporting on the federal government’s balance sheet, CBO reports also serve the important purpose of informing Congressional decision-making.
Today’s report unequivocally communicates: reform entitlement programs or watch government grow.
The Congressional Budget Office’s “Update to the Budget and Economic Outlook: 2014 to 2024” reports a federal deficit of $506 billion for fiscal year 2014 (which ends on September 30), slightly above its April projection of $492 billion. Spending in 2014 will be about $3.5 trillion, growing by about 2 percent compared to the previous year. The debt will rise slightly as a percentage of GDP to 74 percent, staying at a level not seen since World War II. Read the rest of this entry »
George Will: ‘New Biggest American Entitlement Is To Go Through Life Without Being Offended’
Posted: December 22, 2013 Filed under: Mediasphere, Politics, U.S. News | Tags: Democratic Party, Duck Dynasty, Entitlement, Fox News Sunday, George, George Will, YouTube 2 CommentsAppearing on Fox News Sunday, Will marvelously said, “[T]he new biggest American entitlement is the entitlement to go through life without being offended”
M.K.Ham: ‘The Ignorant Omniscience of President Obama’
Posted: November 15, 2013 Filed under: Health and Social Issues, White House | Tags: Barack Obama, Entitlement, Information technology, Insurance, Obama, Patient Protection and Affordable Care Act 2 Comments
He knows everything and nothing at all
Mary Katherine Ham writes: He knows everything. And yet he seems to know nothing. He’s passionate about the details of domestic policy but wasn’t privy to the details of his own legacy law. He’s an academic with a command of every issue at once but seemingly only finds out what his administration is doing in news reports. He’s so brilliant every normal endeavor he’s tried has bored him, but he couldn’t bother to entertain himself with more than one monthly meeting on the make-or-break program of his presidency. He’s the captain of the Culture of Competency who has overseen the most incompetent rollout of an entitlement program in history.
I was struck by a moment in President Obama’s press conference today where this paradox was on full display. The president floated, throughout the press conference, from profession of utter ignorance to confident declaration and directive. Allahpundit noted that Obama distanced himself from the website’s problems by saying he was never informed of its problems. He knew nothing.
PRESIDENT OBAMA: OK. On the website, I was not informed directly that the website would not be working as — the way it was supposed to. Has I been informed, I wouldn’t be going out saying, boy, this is going to be great. You know, I’m accused of a lot of things, but I don’t think I’m stupid enough to go around saying, this is going to be like shopping on Amazon or Travelocity, a week before the website opens, if I thought that it wasn’t going to work.
So, clearly, we and I did not have enough awareness about the problems in the website. Even a week into it, the thinking was that these were some glitches that would be fixed with patches, as opposed to some broader systemic problems that took much longer to fix and we’re still working on them.
Neat how his ignorance is proof of his smarts. “I don’t think I’m stupid enough…”
pundit from another planet 