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News for Norther Colorado and the world

Wednesday, September 3, 2014

Posts Tagged ‘government spending’

Right-Wing lies about America

Right-Wing lies about America

        12 Biggest Right-Wing Lies About America By RJ Eskow These political fallacies are giving America a false vision of our economy and world.   Our nation was gripped by so many fallacies and delusions in 2012 that the whole Mayan calendar end-of-the-world thing didn’t even make the list. Even those apocalyptic prophecies were more plausible than the idea that cutting Social Security will help the deficit, that government spending cuts ... Full Story

Is President Obama a big spender?

Is President Obama a big spender?

The answer is a big yes and no. As Mark Twain said, “Figures don’t lie, but liars figure.” It is not exactly a case of “lying,” but rather a case of putting a spin on what the numbers mean. The two articles from Forbes Magazine presented below are excellent examples.     In “ Who Is The Smallest Government Spender Since Eisenhower?”  a May, 2012 article, Rick Ungar makes the case that it is Barack Obama. He includes a graph that shows the annualized growth ... Full Story

Why do Conservatives Hate Public Transit

Why do Conservatives Hate Public Transit

4 Reasons Conservatives Hate Public Transit By Jason Mark Once upon a time — in a political environment that seems otherwordly compared to what we have in the United States today — the federal transportation bill was a bi-partisan endeavor. Now things are different. Congress went into spring recess last week and once again left hanging a reauthorization of the transportation bill, which expired two and a half years ago. Congress was just barely able to approve a temporary, 90-day ... Full Story

How Politics Damaged Obama’s Recovery (CHART)

How Politics Damaged Obama’s Recovery (CHART)

          By Brian Beutler Last week we brought you this chart, demonstrating that the unemployment rate under President Obama is coming down fairly quickly — though not as quickly as it did under President Reagan in the months before he won a landslide re-election in 1984. Here’s a major reason why. Data from the Bureau of Economic Analysis illustrates a key difference between Reagan’s first term and Obama’s: the pliancy of the ... Full Story

A lull in the debt crisis

A lull in the debt crisis

  Hear that rattling sound? It’s the can being kicked down the road. Congress and the Administration passed the “Budget Control Act of 2011” to avert the immediate debt crisis. The problem is, 70% of the spending reductions in the bill are not scheduled to occur until 2017 to 2021. Will Congressional Representatives, at that time, honor those reductions, or will they override them? Regardless, the reduction in spending will be swallowed-up many times over by Government ... Full Story

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