Tag Archives: Budget Deficit

Sean Hannity says Michele Bachmann is second most hated Republican woman

Michele Bachmann tries valiantly to get back some TARP money for the taxpayers.

She seems to become even more beautiful as time passes!

More Michele Bachmann here.

Obama’s spending spree in one simple chart

This one graphic tells the whole story. (H/T RedState and Ace of Spades)

Public Debt Outlook
Public Debt Outlook

Click the images to enlarge them.

More charts:

Jobs Lost
Jobs Lost
National Debt
National Debt
Budget Deficit
Budget Deficit

More here.

RELATED: The Heritage Foundation has more details on the spending catastrophes of the first 100 days. And he hasn’t even gotten started on card check, health care and cap and trade, yet!

UPDATE: Chad from Truthbomb Apologetics e-mails me regarding this essay by John Hawkins, (of Right Wing News), documenting the 20 most notable features of Obama’s first 100 days.

My favorite:

7) In the best example yet of Obama’s over-reliance on a teleprompter and the mainstream media’s fervent devotion to him, during an appearance with the Irish prime minister, there was a mix-up — and “President Obama thanked President Obama for inviting everyone over.” The same mainstream media which relentlessly mocked George Bush for his slip-ups wouldn’t even release the footage.

Read the whole thing! Early humor before this week’s Friday funny.

More states look to raise taxes to address budget shortfalls

In America, one of the political parties is dominated by people who were born into rich families and have never run any business – not even a lemonade stand. Try contrasting people like Howard Dean or Al Gore with Representatives John Campbell or Michele Bachmann. And there are consequences to being sheltered from the realities of commerce and economics your entire life.

The Wall Street Journal reports: (H/T The Tax Foundation)

A free fall in tax revenue is driving more state lawmakers to turn to broad-based tax increases in a bid to close widening budget gaps.

At least 10 states are considering some kind of major increase in sales or income taxes: Arizona, Connecticut, Delaware, Illinois, Massachusetts, Minnesota, New Jersey, Oregon, Washington and Wisconsin. California and New York lawmakers already have agreed on multibillion-dollar tax increases that went into effect earlier this year.

Fiscal experts say more states are likely to try to raise tax revenue in coming months, especially once they tally the latest shortfalls from April 15 income-tax filings, often the biggest single source of funds for the 43 states that levy them.

And WSJ provides this useful map of who is likely to be affected:

State budget shortfalls
State budget shortfalls

I’m thinking it was a bad idea for 50% of the country to not pay income taxes, then to spend on social services like drunken sailors.