For the fourth consecutive year the federal government will spend at least $1 trillion that it does not have in 2012, according to the Congressional Budget Office (CBO). How much deficit spending are we talking about? At least $1.1 trillion - which would bring the federal debt to a whopping $16.4
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By Jim DeMint || Today the Senate is voting to disapprove the debt ceiling increase as requested by President Obama. Unfortunately, this is a hollow gesture as Congress passed a deal last year that made the increase possible. It is disingenuous to vote for a deal that increases the debt by trillions
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By Jim DeMint || Democrats on the so-called “Super Committee” have demonstrated why their party is disqualifying itself from any rational discussion when it comes to cutting spending. The deficit committee was tasked with reducing the deficit by $1.2 trillion over the next ten years, but Democrats
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People prone to pablum regurgitation often say that "failure is not an option" (or some variation of that bromidic statement) but the more we read about the so-called "super committee" that's been assembled in Washington D.C. to "cut spending," the more we hope that it fails. Wait ... what? Aren't
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We haven't figured out what to make of U.S. Rep. Michele Bachmann's candidacy yet. And no, we're not referring to her kooky Newsweek cover - and whether or not that's diminished our founding editor's desire to get missionary (and possibly other positions) with her. No ... we're referring to her policy
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We often send emails to elected officials ... and every so often they email us back. Usually, their responses sound eerily similar. "I'm committed to cutting government," they'll say, or "it's time government learned the value of a dollar." "I'm for government living within
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By Will Folks || First of all, to the 800,000 federal employees who are about to be furloughed as part of the government "shutdown," I feel your pain. Not really ... but whatever. Fortunately, since most of you have been grossly overpaid for years - including several years spanning the worst economic
Read story »By FITSNews || A day after President Barack Obama spoke of "freezing" federal spending, Democrats in the U.S. Senate sent a vastly different message to the American people - voting along party lines to raise the nation's debt limit to an unprecedented $14.3 trillion. That's a $1.9 trillion increase
Read story »"THE PROPHECY" IS COMING TRUE, PEOPLE FITSNews - July 28, 2008 - While there's some debate over who said it, there was a particular quote that popped into our heads when the news broke today that the federal deficit is projected to reach a record $490 billion this year - or $83 billion more than the
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