Category Archives: Economy

Kill It With Fire

Based on the latest findings from the Congressional Budget Office, the president’s latest budget proposal may signal an end to the “balanced approach” he has advocated for the past several years as it relies primarily on new taxes to reduce … Continue reading
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Posted in Economy, President Obama | Tagged , , , | 4 Comments

How About More Spending or Another Stimulus?

Dare to dream, but look — the president will have cut the deficit in half within his first four fiscal years, from $1.4 trillion in 2009 to $642 billion by the end of this year. That’s far lower than $845 … Continue reading
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Posted in Economy | Tagged , | 3 Comments

Meanwhile, House GOP Proposes Even Bigger Cuts to SNAP

While no one is watching because they’re focused on recurring nontroversies in the media, the House of Representatives is currently debating the Federal Agriculture Reform and Risk Management Act of 2013 which carries with it changes that will occur through … Continue reading
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Posted in Congress, Economy, Food | Tagged , , | 7 Comments

Out of Control Spending!

According to the Congressional Budget Office (CBO) the federal deficit is shrinking faster than anyone anticipated is now 24 percent lower than previous projections. If the current laws that govern federal taxes and spending do not change, the budget deficit … Continue reading
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Posted in Economy | Tagged , , | 5 Comments

Hispanics Surpass Whites In College Enrollment

What a week for Jim DeMint and The Heritage Foundation. May 6th, Jason Richwine and Robert Rector released their anti-immigration reform paper suggesting that the costs of their overt racism will run us about, oh, say, $6.3 trillion! give or take a … Continue reading
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Posted in Economy, Education, Far-right Intellectual Violence, Immigration, Lying Liars, Poll, Racism, Rebranding, Wingnuts | Tagged , , , , | 2 Comments

Possible Budget Surplus by 2015

Interesting: …official forecasters will have to radically alter their projections this summer. The CBO forecast of $845 billion in red ink this year, 5.3% of GDP, is hopelessly outdated; the deficit will fall well below 5% of GDP, perhaps to … Continue reading
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Posted in Economy | Tagged , | 1 Comment

Nope. Not Racist At All.

Surprise! The co-author of the fantastical Heritage Foundation report that estimated immigration reform would cost taxpayers over $6 trillion dollars has questionable views on race as it relates to intelligence. Richwine’s dissertation asserts that there are deep-set differentials in intelligence … Continue reading
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Posted in Economy, Immigration, Racism | Tagged | 14 Comments

GOP Refuses to Even Debate the Federal Budget

Senate Republicans are quietly killing the chance that anything other than continuing resolutions will be used to fund the government for the foreseeable future. Senator Ted Cruz kicked things off yesterday. Senate Majority Leader Harry Reid (D-NV) slammed Texas Sen. … Continue reading
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Posted in Congress, Economy, Senate | Tagged , , , | 8 Comments

Jim DeMint’s Very Serious Immigration Report

Jim DeMint has released the report on the costs of immigration reform that we mentioned briefly last night and it’s a whopper. Legalizing the current population of illegal immigrants would cost American taxpayers a minimum of $6.3 trillion over the … Continue reading
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Posted in Economy, Immigration | Tagged , | 4 Comments

When George Soros Speaks, Capitalism Listens

Because Socialism! or something. J.C. Penney shares finished up 11.6% Friday following news late Thursday that hedge fund mogul George Soros has taken a large stake in the retailer, and a report from CNBC Friday afternoon that Goldman Sachs has secured $1.75 billion in financing … Continue reading
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Posted in Economy, End of America, Wingnuts | Tagged , , | 2 Comments