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"economy"

The President’s Budget | Broken Promises On Jobs

March 7, 2014

In 2009, The Obama Administration Told The Public That If The “Stimulus” Were Passed, The Unemployment Rate Would Not Pass 8.0%. Despite The Enactment Of A Stimulus Bill That Cost More Than $1 Trillion, The Unemployment Rate Peaked At 10.0% In October 2009.

The President’s Budget | Broken Promises On Entitlement Spending

March 5, 2014

On March 4, 2014, President Obama released his annual budget proposal. In 2015, 69% of the $3.9 trillion federal budget would be spent automatically without any Congressional control. Under the President’s proposed budget, mandatory spending and interest payments would grow unchecked and consume 80% of all federal spending in 2024.

The President’s Budget | Broken Promises on Federal Debt

March 5, 2014

On March 4, 2014, President Obama released his annual budget proposal. Gross federal debt has increased by $6.836 Trillion (64.3%) in just 5 years under President Obama. Under the president’s new proposal, debt is projected to grow by an additional $7.1 trillion over the next decade.

Economy Softens | Spending Daily

February 28, 2014

The U.S. Commerce Department this morning announced its updated estimate for fourth quarter economic growth. In an report released last month the agency estimated the economy expanded at a 3.2 annualized rate in the last three months of 2013.