Yesterday the U.S. House of Representatives voted for a no-strings-attached suspension of the debt limit.
Bankrupting America, a project of Public Notice, today launched a television ad highlighting the irresponsibility of Washington’s desire to increase the debt ceiling without addressing the true cause: overspending.
The White House is threatening to veto the House version of the farm bill, citing its 3 percent cut to food stamps (Supplemental Nutrition Assistance Program, or SNAP). But consider this: The cost of the program has doubled in the last five years, costing $80 billion last year, and a record 47.8 million Americans now use the program—a 70 percent increase since 2008. If the economy has “vastly improved,” as White House Press Secretary Jay Carney put it, shouldn’t we be able to afford a 3 percent cut to food stamps?
It’s time for our weekly link round up where we dish on our favorite posts from around the Web. This week we’re covering government overspending, jobs, and everybody’s favorite fiscal policy—bailouts
President Obama: “Everybody — everybody here understands this. I mean, this is not a complicated concept. You don’t go out to dinner and then, you know, eat all you want and then leave without paying the check. And if you do, you’re breaking the law. And Congress is — should think about it the same way that the American people do. You don’t — now, if Congress wants to have a debate about maybe we shouldn’t go out to dinner next time, maybe we should go to a more modest restaurant …”
#TalkIsCheap, except when it leaves the country over $16 Trillion in debt. Have politicians talked about reducing our deficit and debt? Yes. Have they taken action? Find out in our latest video.
Americans are tired of Washington’s broken promises and empty rhetoric. What the American people want and need is action. Read Gretchen Hamel’s take on the new House budget.
Today the Obama Administration releases its fiscal year 2013 budget, a new poll sponsored by Public Notice and conducted by The Tarrance Group, reveals that the majority of voters want to see President Obama’s budget cut spending and lower taxes, while few expect it will materialize.
Many countries may want to take a look within their own borders before starting to point fingers. And this includes China.
Right now, The American government has 14.3 trillion dollars in debt. They’ve maxed out their credit card….