The US military has lots of M1 Abrams tanks — more than 2,300 deployed around the world, and 3,000 more in storage at a remote military base in California. But they have a problem — the M1 has a flat bottom that makes it vulnerable to improvised explosive devices (IEDs) that are so popular in […]
Republicans have repeated the lie that Obama is a big spender so often, that even some democrats believe it. But the fact is that federal spending under Obama has increased at the lowest rate since Eisenhower wound down the Korean war. Adjusted for inflation, federal spending under Obama has gone down. Even not adjusted for […]
Forbes magazine is reporting that Barack Obama is the smallest government spender since Eisenhower. Yes, that’s right, under Obama, spending increased less than it did under both Bushes, Nixon, even Reagan. The article tries to be even handed, even including a link to a Heritage Foundation rebuttal. Even so, the most interesting (and ironic) part […]
Given all the screaming going on that Obama is increasing the national debt, it is enlightening to see that the independent Committee for a Responsible Federal Budget released a study today that estimates that the economic plans proposed by Newt Gingrich, Rick Santorum, and Mitt Romney would increase the debt by between $250 billion and […]
I’ve often wondered why nobody calls out the Republican party for claiming to be the party of small government. It isn’t like there isn’t plenty of data to refute this claim. We have long known that the federal deficit has increased dramatically more under Republican presidents than Democratic ones, but Republicans could just claim that […]
© Tom Tomorrow I guess the big question is, do you think Obama compromised too easily? Or did he do what he needed to do to save the country from defaulting? Although I have some sympathy for the former position, which is fairly popular with pundits (including Tom Tomorrow), I have to ask them, what […]
© Glenn McCoy I’m not completely sure what this comic means, but it made me laugh nonetheless.
Is anyone else suspicious about the S&P downgrading the US credit rating (for the first time in modern history)? Their decision is clearly all about politics. They even said that they weren’t downgrading the US government’s debt as much as they were downgrading the US government because they don’t like it. Is this the banking […]
Who says you can’t have it both ways? After spending the last few months insisting that we drastically cut all social programs (like Medicare, Social Security, etc.), the Republicans have figured out that voters might not like that very much. So I guess it is no surprise that now that the debt ceiling deal is […]
I can’t help it. I’m posting too many clips from Jon Stewart, but he seems to be the last sane person standing during the debt ceiling debacle:
I haven’t posted anything by Keith Olbermann for a while, but this rant of his on the debt compromise is really good:
James Warren has an excellent article in The Atlantic “Get Over It: This Is Who Obama Is“, which provides a reality check for those who are mad at Obama about the debt ceiling deal (even though it was written before the deal was done). Those people (I’m looking at you, progressives) who are angry at […]
[This post was written by David Freeman, one of our readers, about the Debt Ceiling compromise.] The Three Compromises That Proved It Is Folly To Negotiate With The Devil The Compromise of 1790 prevented (for a time) Civil War. The Compromise of 1820 (The Missouri Compromise) again delayed Civil War. The Compromise of 1850 delayed […]
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