“Debt” on The Daily Caller

The budget projection for the next decade released by the Congressional Budget Office on Tuesday was pretty depressing, but not depressing enough, says Alabama Sen. Jeff Sessions. (more)

President Obama’s State of the Union speech Tuesday night framed the issues in a way that polls show commands a majority of the American people’s support. Unless Republicans find a way to reframe the debate — and I don’t see how they can — or change their position on the rich contributing more in tax revenues — and I don’t see how they will — Barack Obama holds a big advantage on the issues heading into the general election. (more)

When President Barack Obama strides into the chamber of the U.S. House of Representatives on Tuesday to deliver his fourth State of the Union address, it will mark exactly 1,000 days since the Democratic-controlled U.S. Senate has passed a budget. (more)

As a political junkie, I’ll admit it: I love the president’s annual State of the Union speeches, regardless of who’s in the White House. (more)

On Friday the Supreme Court ruled that Indiana’s school voucher program, which is the largest school voucher program in the country, is constitutional. America’s presidential candidates should waste no time realizing the significance of this, not only as an educational issue, but also as an economic one. (more)

With the New Hampshire primary just weeks away, the GOP candidates are pulling out all the stops. And yet, for all of their efforts to undercut each other and President Obama, the solutions of all but one candidate are woefully inadequate. That’s why I’m voting for Representative Ron Paul for president. (more)

In his Friday Washington Post column, Charles Krauthammer criticized the president for waging class warfare on the so-called “1 percent” and likened the brand of populism he offered in a speech last week to Venezuelan dictator Hugo Chávez, and not Teddy Roosevelt, which the backdrop of the Kansas speech suggested was who he was attempting to mimic. (more)

The United States government recently blew past a pair of significant spending mileposts. In a cruel “trick or treat” twist, this Halloween our nation’s debt eclipsed its gross domestic product — something that hasn’t happened since America’s post-World War II demobilization. A few weeks later, in mid-November, the national debt topped $15 trillion — which represents a 105 percent spike over the last seven years. (more)

What a week. (more)

In an effort to combat a $1.3 trillion budget deficit — in the 37th straight month of budget deficits — and as the congressional super committee frantically scrambles to make an agreement to avert $1.2 trillion in cuts, the president is banning coffee mugs and t-shirts. (more)

President Barack Obama today said he “can’t wait” for Congress to cut travel spending by federal employees, so he’s ordering a 20 percent cut by himself. (more)

Let’s say someone wants to buy a shiny new sports car but doesn’t have the $50,000 in cash to pay for it. Let’s say this person has $10,000 a year in income to devote to car payments. In a perfect world, he’d go to his friend and borrow the money at no interest, with a promise to pay it back in full in five years. Essentially he wants five years of funding to finance one year’s major expenditure. It’s a dollar-for-dollar wash if he has friends willing to lend him the money with no interest. Now let’s say our hypothetical consumer wakes up from his perfect world and has to go to a bank to take out a loan. Lo and behold, he has to pay interest. That’s real money on top of the sticker price of his four wheels of fun. In the real world, five years of $10,000 doesn’t buy you a $50,000 car. (more)

We all know the story of the prodigal son. Confident he knows what is best for him, he recklessly squanders his inheritance. The Occupy Wall Streeters are just that, the prodigal protesters. Disobedient to history’s lessons and ignoring what is going on just across the Atlantic in Greece, they make extravagant demands and, in achieving their ends, they squander the very wealth they seek. (more)

WASHINGTON (AP) — Top global finance officials are pledging to work decisively and in a coordinated way to deal with a European debt crisis and other dangers confronting the global economy. (more)

WASHINGTON (AP) — The International Monetary Fund says the global financial system faces more challenges than at any point since the 2008 financial crisis. (more)

The United States Postal Service is going to lose $10 billion this year. Why? It is losing business to e-commerce, and it cannot reduce its expenses fast enough due to legislative mandates and onerous union contracts. Without legislative action, the Postal Service will not be able to meet payroll by next summer. This week, the president finally released his proposal for saving the Postal Service. That the president’s proposal was released as part of his “deficit-cutting” package was Orwellian. That he suggests it would save the Postal Service is absurd. (more)

On September 6, Starbucks CEO Howard Schultz published a letter to “Fellow Citizens” in The New York Times challenging the leadership of both parties in Washington, the president and the Congress, to “put an end to partisan gridlock and, in its place, to set in motion an upward spiral of confidence.” (more)

NEW YORK — Ten years after 9/11, we are still struggling to reconcile two big political visions. More debilitating than our endless partisan warfare is our oscillation between a master vision of sacrifice and a master vision of greatness. (more)

“They tried to make me go to rehab but I said no, no, no,” sang British singer-sensation Amy Winehouse before joining Jim Morrison, Jimi Hendrix and Janis Joplin in the “Dead at 27 Club.” Seeing the media atwitter over the “Euro Crisis” makes me think Winehouse’s unfortunate demise is a metaphor for what ails Europe. (more)

Forget the Super Committee, just sell Alaska. That’s GOP Presidential Candidate Newt Gingrich’s tongue-in-check solution to America’s debt dilemma. (more)