Just so history isn’t rewritten during the current outcry over deficit spending, here’s a recap of the national debt during the reign of the last five presidents. (All numbers come from the Treasury Department, here and here.)
When Ronald Reagan was elected in 1980, the federal More…
The obvious thorn in the side of Republicans — who’ve made a habit of blasting the deficit spending of the Democratic majority under President Obama — is that the GOP majority under President George W. Bush never once balanced its annual budgets. As a result, the national debt More…
The House is expected tomorrow to take up a $210 billion proposal to scrap the flawed formula that dictates Medicare doctor payments, thereby averting a 21-percent pay cut slated for next year.
If the proposal sounds familiar, it’s because the Senate considered a nearly identical bill More…
When the Capitol Visitor Center opened to the public in December, the $621 million pricetag raised plenty of eyebrows, not least because the cost represented a jump of nearly $360 million above original estimates.
And it’s only going up.
Senate Minority Leader Mitch McConnell (R-Ky.) is scheduled to hold a press conference today to decry the Democrats’ stimulus package “and the trillions of dollars being added to an already $10 trillion debt,” as his statement puts it.
This is an old argument, of course. The GOP has long-fancied itself More…
rss