Democrats now in minority looking a lot like old GOP as they harp on high unemployment
House GOP rule to require mandatory spending be offset by equal cuts
The new House rules that Republicans plan to introduce in January will increase the chamber’s transparency.
Men with a plan - TheDC
Debt reduction proposal angers left, gets noncommittal White House response
BP at least has worked to shut off the flow; Washington is opening the spigot even wider. Nobody knows how long it will take to clean up the mess in the Gulf, but one thing’s for certain: Cleaning up the fiscal mess will take a lot longer.
Dems considering $197 billion in unpaid-for 'emergency spending' - The Daily Caller
Increased spending, without budget cuts, have been happening more and more in Congress
The Coburn calculation - The Daily Caller
The famously ferocious conservative has complimented Pelosi, derided ’emotional’ attacks and continues to be a one-man blockade against spending bill
Bipartisan criticism for bipartisan spending bill - THE DAILY CALLER
The Senate passed a $15 billion spending bill on Wednesday that gives employers a tax break for new hires and authorizes billions more for transportation projects
Efforts by Democrats to point the finger back at Republican opponents for the explosion of the national debt and deficit in recent years ignores their own dismal track record during the last two years of the Bush administration.
As the amount of a debt grows larger, the payment of interest it promises to lenders increases. If it grows faster than the borrower’s income, the burden grows as a share of his or her income. If the burden grows too large, the promise must be broken, leaving those who lent the money holding the bag. As the prospect of default increases, bondholders demand higher interest rates to compensate for the risk. No one knows exactly where the default cliff is and thus when to dump bonds, but everyone knows when you have driven off it.
The nation’s deficit is set to rise to $1.6 trillion under the budget for 2010 that President Obama will unveil Monday, forcing the White House to vow that they are devoted to bringing the imbalance under control
White House: Message heard - THE DAILY CALLER
A White House statement Wednesday encouraging Congress to enact binding pay-as-you-go rules into law is the latest in a battery of moves by President Obama on fiscal responsibility