Tag Archives: deficit

Obama may be looking for “magic beans” to save economy

Barack Obama appears to be running the nation’s economy with the same unconcern for debt he had in dealing with his personal finances. by Michael Naragon Recent Office of Management and Budget figures have revealed that the president’s budget deficit … Continue reading

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“Obstructionist” Republican cultists thwarting the Will of Obama?

In a scathing op-ed in The New York Times on May 1, Bob Herbert describes everything wrong with the Republican party.  Inadvertently, he touched on what’s exactly right. by Michael Naragon “The incredibly clueless stewards of the incredibly shrinking Republican … Continue reading

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Obama’s adjusted deficit? Over $1.8 trillion… Obama’s advice? “Don’t worry.”

New numbers from the Office of Management and Budget place Obama’s record-setting deficit even higher than originally estimated: $1.84 trillion this year, $1.26 trillion next year.  We shouldn’t be surprised. by Michael Naragon “The consensus is this,” President-elect Obama explained … Continue reading

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Obama “tightens” the nation’s belt by 0.5%

Touting his cuts as a substantial reduction in spending, President Obama has no serious credibility when it comes to fiscal responsibility. by Michael Naragon “In Washington, I guess that’s considered trivial,” said the president of his $17 billion in budget … Continue reading

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