Word: deficits
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...Alleged deficit reduction from health care reform bill: $1.3 trillion
...revenue collected at the federal level in 2009 was used to pay for the cost of entitlement programs. Spending for the wars in Iraq and Afghanistan, the Troubled Asset Relief Program, the American Recovery and Reinvestment Act, and all other defense and discretionary spending was financed solely by deficit spending. In short, even if we decided that the government’s only job was to manage these entitlement programs and cut all other spending to zero, we’d still only break even—our $12.7 billion of existing national debt would remain unpaid. The magnitude...
...parts of the budget that will lead to unbearable costs in the future, Democrats embarked on an ideologically-driven crusade to expand government, exacerbating an already huge budgetary problem by dumping 16 million additional Americans into Medicaid through the recently passed health care bill that actually raises the deficit once accounting gimmicks are corrected...
...dare we say it—entitled to push the limits of fiscal sanity in favor of long-sought-after liberal agenda items. They are welcome to set their own priorities. But, on their current path, they ought to be honest about who the true obstructionists to deficit reduction are—themselves...
...time, facing a budget deficit of over $200 million, Smith presented these groups as crucial for ensuring the long-term fiscal health of the University’s largest school...