Wednesday, May 16, 2012
Tuesday, May 1, 2012
Pa. anticipates $288M budget shortfall
Pennsylvania tax revenues in April exceeded expectations but the state is still facing a potential $288 budget shortfall for the current fiscal year, which runs through June 30.
PA Revenue Department Releases April Collections
Labels: Budget, Debt, Pennsylvania
Friday, March 2, 2012
Pennsylvania Facing $482M Budget Shortfall
Pennsylvania Revenue Department Releases February Collections
Labels: Debt, Pennsylvania
Tuesday, February 14, 2012
Is Obama incompetent or just a liar?
Barack Obama promised in 2009 that he would cut the national debt in half by the end of his first term.We're in the last year of his first (and hopefully last) term as president but the national debt has risen by $5 trillion under Obama.
The national debt was $10.2 trillion when George W. Bush left office. Today it stands at $15.2 trillion and rising every second. That's a 45 percent increase under Obama.
Was Obama lying about reducing the debt or is he incapable of doing the job of president?
Either way, he does not deserve re-election.
Labels: Barack Obama, Broken Promises, Debt
Monday, February 13, 2012
Rep. Gerlach blasts Obama budget
Congressman Jim Gerlach (PA-6th District) issued the following statement on Monday after President Obama unveiled a $3.8 trillion budget proposal for the 2013 Fiscal Year, which begins on October 1st. The President’s plan forecasts another $1.33 trillion deficit and calls for raising taxes by $1.9 trillion to fuel government spending:"The President should have released this budget on Groundhog Day because it is a repeat of his previous three budget proposals: higher taxes, more debt and no real solutions for eliminating wasteful Washington spending. It is extremely disappointing that the President seems eager to accelerate America's descent down the same path as Greece and other European nations that have refused to confront their unsustainable spending habits. Four consecutive years of $1 trillion budget deficits, and raising taxes by $1.9 trillion, will not help the nearly 13 million Americans out of work find jobs or encourage greater investment and innovation needed to help businesses of all sizes grow. Furthermore, the President has once again abdicated his leadership responsibility to offer meaningful and constructive proposals for reforming Medicare and Medicaid so these programs are there for future generations.”
Labels: Barack Obama, Debt, Jim Gerlach
Sen. Toomey: Obama budget: an 'abdication of leadership'
U.S. Senator Pat Toomey (R-Pa.) today released the following statement on President Obama’s budget fiscal year 2013 request: “During the past year, I have focused on two vital priorities – restoring economic growth and private sector job creation, and putting our federal government on a sustainable fiscal path,” Sen. Toomey said. “Unfortunately, the president’s budget request fails on both counts.
“After three consecutive years of trillion-dollar-plus deficits, this budget request contains massive levels of spending and projects a $1.3 trillion budget deficit for this year – an even bigger deficit than last year. In addition to more wasteful stimulus programs, the president’s budget raises taxes on job creators at a time when we should be reforming our tax code with lower tax rates and a broader tax base to encourage more economic growth and job creation.
"Finally, the president fails to make the necessary reforms to truly fix our entitlement programs, which are, by his own admission, the main drivers of our deteriorating fiscal outlook. Medicare and Medicaid are both growing at unsustainable rates – much faster than our economy. The president knows it, and yet, he refuses to support the structural reforms to put these programs on a sustainable path. This is a tragic abdication of presidential responsibility.”
Labels: Barack Obama, Debt, Pat Toomey
Rep. Pitts critical of latest Obama deficit budget
President Obama unveiled a $3.8 trillion budget for the 2013 fiscal year that begins on Oct. 1. The spending plan projects a $1.3 trillion deficit for the coming year and an increase in the national debt of more than $10 trillion over the next 10 years.Rep. Joe Pitts, a Republican who represents Pennsylvania's 16th Congressional District, issued the following statement today on President Obama budget:
“Three years ago, the President promised to cut annual deficits in half by the end of his first administration. Today’s budget shows that he is far from accomplishing that goal. This budget raises taxes by nearly $2 trillion and still fails to come even close to balancing within the next decade.
“While the President says his budget will create an ‘economy built to last,’ trillion dollar deficits are no foundation for the future. We cannot have a healthy economy when our debt outpaces growth.
“The American people deserve an honest debate on the best way to balance the budget. Unfortunately, the President’s budget is not a serious plan for debt reduction. Also, for a third year in a row, the Democratic-led Senate will not even attempt to pass a budget. By contrast, House Republicans will again put forward a budget that puts us back on the right track.”
Labels: Barack Obama, Debt, Rep. Joe Pitts
At least Obama's consistent
Labels: Barack Obama, Broken Promises, Debt
Tuesday, January 31, 2012
Obama = Debt
The first rule of holes: When you're in a hole, stop digging ...A perfect example of the sad state of affairs in Washington, D.C. The Congressional Budget Office predicts the Obama Administration will run a $1.1 trillion deficit in the fiscal year that ends in September. It would be the third straight year Obama has run up deficits of more than $1 trillion but the $1.1 trillion is slightly lower than the last deficit Obama ran. You call this good news? For the record, Obama inherited a $10.6 trillion national debt from George W. Bush. The national debt today is $15.2 trillion ... and rising every second.
Labels: Barack Obama, Debt
Tuesday, January 24, 2012
Wednesday, January 4, 2012
Tuesday, November 29, 2011
Sen. Toomey: Dems torpedoed debt panel to protect Obama
Sen. Pat Toomey says Dems torpedoed debt panel to protect Obama - The Hill's Blog Briefing Room
Labels: Broken Promises, Congress, Debt, Democrats, Pat Toomey
Friday, November 18, 2011
What Debt?
Federal Spending Without & With Sequester Cuts | Mercatus
Tuesday, November 1, 2011
Pennsylvania Tax Revenues Drop in October
For the fiscal year that began July 1, tax collection is $282.1 million under projections, a disturbing trend that could lead to a budget deficit by the end of the fiscal year next June 30.
Pennsylvania Revenue Department Releases October Collections
Labels: Debt, Government Spending, Pennsylvania, Taxes
Monday, October 24, 2011
Saturday, October 15, 2011
Saturday, October 8, 2011
Your Daily Dose of Liberal Media Bias
AP Unbylined Report on CBO's Fiscal 2011 Deficit Estimate Avoids All the Big Messy Numbers | NewsBusters.org
Labels: Barack Obama, Debt, Liberal Media Bias
Friday, October 7, 2011
Obama Adds $4 Trillion to U.S. Debt
Obama deficit in 2010: $1.3 trillion
Obama deficit in 2011: $1.3 trillion
Total: $4 trillion in new debt in just 3 years.
We can't afford Obama anymore.
Labels: Barack Obama, Debt
Thursday, August 25, 2011
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