The Congressional Budget Office released it’s annual summer update of the budget and economic outlook on Wednesday and according to the CBO’s projection, the national unemployment rate “will remain above 8 percent until 2014.”:
PRINCETON, NJ — A new low of 26% of Americans approve of President Barack Obama’s handling of the economy, down 11 percentage points since Gallup last measured it in mid-May and well below his previous low of 35% in November 2010.
The Republican Leader of the U.S. Senate, Mitch McConnell, announced his 3 appointments to the 12-member Joint Select Committee on Deficit Reduction (aka: The Super Committee)… and one of his choices was Pat! The “Super Committee” is tasked with reducing the U.S. deficit by another $1.5 trillion (this is in addition to the cuts already […]
New research suggests that Obamacare comes with $50 billion in hidden annual costs, reports DailyCaller.com. The plan’s budget apparently does not take into account the insurance costs of workers’ spouses and children, meaning the Treasury could be tapped for hundreds of billions of dollars in the first decade the plan is instituted. “The Congressional Budget […]
John Davis, a Conservative Republican, running for President of the United States will be in Erie on Saturday, August 13, 2011 at 8 am. He is on a bus tour of Pennsylvania and neighboring states covering the following dates and places, which can be seen at John Davis for President web site His bus will […]
WASHINGTON (AP) — The United States has lost its sterling credit rating. Credit rating agency Standard & Poor’s on Friday lowered the nation’s AAA rating for the first time since granting it in 1917. The move came less than a week after a gridlocked Congress finally agreed to spending cuts that would reduce the debt […]
Posted by House Budget Committee Chairman Paul Ryan on August 02, 2011 Moments ago, the President signed into law a significant bipartisan step forward in getting Washington’s fiscal house in order. Relative to the magnitude of our budget challenges, the spending cuts are modest. But judged against Washington’s dismal track record of fiscal stewardship over […]