A Quote by John J. McLaughlin
According to the White House, the president's proposed 2016-2017 spending would add - get this - $62 billion to the deficit.
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President Bush, yes, spent money like a drunken sailor, and left the nation with a record $400-billion deficit. President Obama, however, is spending far more money than Bush, with a record $1.8 trillion deficit projected for his first year.
When my husband was president, we went from a $300 billion deficit to a $200 billion surplus and we were actually on the path to eliminating the national debt. When President Obama came into office, he inherited the worst economic disaster since the Great Depression. He has cut the deficit by two-thirds.
In Congress, while the House's proposed defense budget calls for significant increases, it also cuts 11 billion dollars from veterans spending - including healthcare and disability pay. Be clear: we can't equate spending on veterans with spending on defense.
In Congress, while the House’s proposed defense budget calls for significant increases, it also cuts 11 billion dollars from veterans spending - including healthcare and disability pay. Be clear: we can’t equate spending on veterans with spending on defense.
In the budget, the president will call for a five-year freeze on discretionary spending other than for national security. This will reduce the deficit by more than $400 billion over the next decade and bring this category of spending to the lowest share of our economy since Dwight Eisenhower was president.
When you look at February's (2011) deficit spending alone, and the fact that it was larger than what our total deficit spending was in 2007, the proposals that the Senate is sending us simply are ridiculous, because it's not even a solution. It doesn't address the amount of spending that we have in a week's time. We need to get serious.
When President Bush left office, the deficit was approximately $500 billion. It is now approximately now $1.5 trillion. In other words, President Obama has essentially tripled the deficit.
Until the President produces a responsible deficit reduction plan, I'm not going to the White House to negotiate with myself.
After that transition to the White House, Donald Trump will settle in for his first day of work, January 21, 2017. He's already proposed the actions he wants to take within his first 100 days in office, but which campaign promises can he realistically tackle in that time?
Pennsylvania is facing challenging economic times, a multi-billion dollar budget deficit, and negative cash flow projections. My Budget Deficit and Fiscal Stabilization Task Force will get to work to determine the scope of the challenges facing Pennsylvania and begin to discuss how we can get Pennsylvania's fiscal house in order.
It is my view that what is important is cutting government spending, however spending is financed. A so-called deficit is a disguised and hidden form of taxation. The real burden on the public is what government spends (and mandates others to spend). As I have said repeatedly, I would rather have government spend one trillion dollars with a deficit of a half a trillion than have government spend two trillion dollars with no deficit.
Betty White met with President Obama at the White House. President Obama invited Betty personally because she's great with animals. And the president's still having a tough time house-training Joe Biden.
We are worried about the size of the deficit, which is why the president is pleased that the House and Senate have followed his lead in cutting the deficit in half over the next five years.
Democrats were quick to point out that President Bush's budget creates a 1 trillion dollar deficit. The White House quickly responded with 'Hey, look over there, it's Saddam Hussein.'
A massive power outage in Washington, D.C., today affected a number of federal buildings, including the White House. When asked when they could restore power to the White House, officials said, '2016?'
We had a $10 billion budget deficit when we got here in January of 2003. We cut that budget deficit; we did not raise taxes; we came back in '05, and we had an $8 billion surplus. That's how fast it can happen.
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