AUGUST 22, 2010 $4.4 Trillion That’s how much the spending baseline has increased in 31 months. Speaking last Wednesday in Columbus, Ohio, President Obama asked, “How do we, over the long term, get control of our deficit?” Good question. Here’s the answer suggested by last Thursday’s semi-annual budget summary from the Congressional Budget Office: Stop […]
THE $4.4 TRILLION SPENDING BOOM Read More »
AUGUST 23, 2010 How States Hide Their Budget Deficits The SEC’s charges against New Jersey for misleading investors should warn other states against sweeping the truth under the rug. By STEVE MALANGA In April, the New York State Comptroller, Thomas DiNapoli, issued a damning report on the Empire State’s financial practices. Albany’s budgets, he observed,
AUGUST 24, 2010 Virginia Is for Surpluses Erasing red ink without a tax increase. Here’s something you don’t see often these days: a government running a budget surplus. Governor Robert McDonnell announced last week that Virginia closed fiscal 2010 some $400 million in the black. That’s a radically improved financial picture from a year ago
VIRGINIA STOPS THE RED INK WITHOUT A TAX INCREASE Read More »
FoxNews.com – August 24, 2010 More Bad Economic News, Yet Here Comes ANOTHER Wall Street Bailout Existing home sales in July may have suffered a record drop but come September 7, President Obama will have Wall Street investment banks lining up for another huge bailout. Americans may be extremely upset about Wall Street bailouts, but
ANOTHER WALL STREET BAILOUT Read More »
EDITORIAL: Democratic decline Bush-league blame game can’t hide the truth By THE WASHINGTON TIMES– August 10, 2010 ASSOCIATED PRESS House Speaker Nancy Pelosi, outside the White House on Thursday, calls for BP to stop making dividend payments to shareholders until it addresses economic assistance claims from businesses that have been affected by the oil spill.
DEMOCRATS CAN’T BLAME BUSH ANY LONGER Read More »
AUGUST 21, 2010 A massive Keynesian spending program has misallocated capital and set the stage for a crisis. By SHIKHA DALMIA AND ANTHONY RANDAZZO American enthusiasts of more stimulus have been urging this country to look to China for guidance on how to beat a recession. As they see it, while our politicians debated and
CHINA’S LOOMING REAL-ESTATE BUBBLE Read More »
AUGUST 19, 2010 Unfunded Public Pensions—the Next Quagmire A federal bailout would cost trillions and prevent necessary reforms. But there are several ways states can rationalize their workers’ retirement benefits. By R. EDEN MARTIN The next big issue on the national political horizon may be whether the federal government should bail out the many budget-strapped
THE NEXT BAILOUT – UNFUNDED PENSIONS Read More »
Frank Roche, economist, comments on issues and concerns of our day http://www.therocherecord.com
THE ROCHE RECORD – ISSUES AND CONCERNS OF CURRENT INTEREST Read More »
MITT ROMNEY Grow jobs and shrink government By Mitt Romney | August 18, 2010 IT’S NOT happening the way President Obama had planned. Unemployment blew past his 8 percent ceiling and hasn’t looked back. Private sector investment in new jobs and capital has languished. Even the head of the president’s Council of Economic Advisers, Christina
MITT ROMNEY – HOW TO FIX OUR ECONOMY Read More »
AUGUST 17, 2010 A Tea Party Manifesto The movement is not seeking a junior partnership with the Republican Party. It is aiming for a hostile takeover. By DICK ARMEY AND MATT KIBBE On Feb. 9, 2009, Mary Rakovich, a recently laid-off automotive engineer, set out for a convention center in Fort Myers, Fla. with protest
THE POWER OF THE PEOPLE Read More »
