Tuesday, a government report released estimates that this year’s budget deficit will rise to $544 billion, an increase over prior estimates that can be attributed largely to tax cuts and spending increases passed by Congress last month. The deficit and debt picture over the long-term has also worsened considerably.
March 16, the US government will reach its debt limit but with some “extraordinary measures” it will be able to fund the government on a temporary basis, according to U.S. Treasury Secretary Jack Lew, who urged Congress in a letter to raise the debt limit immediately.
Obama’s student loan forgiveness program has ballooned by nearly $22 billion over initial projections, raising alarm among budget hawks — even as the government promises taxpayers eventually will come out ahead. Hold on, why should they get off the hook, when everyone else whom owe money have to pay it back?
White House Press Secretary Josh Earnest said the long-term national debt, which recently surpassed $18 trillion, is a concern for President Barack Obama, but stressed that the administration has made progress on reducing the short-term deficit.
Screw Obamacare. How the hell can one collect a “tax”, when one isn’t working? Over half the country don’t have jobs. More scare tactics by one “dictator in chief”. Americans will see their bank accounts shrink if they don’t sign up for Obamacare in its second enrollment season.
Since Obamacare became law, more than 1/2 of US doctors have refused to take on Medicaid patients. A recent survey of the medical profession found that fewer than half, 45.7 percent of physicians surveyed, are willing to accept new Medicaid patients, notes Joshua de Gastyne, a member of the Young Leaders Program at the Heritage Foundation.
Obama and fellow Democrats are trying to use the annual Washington meeting of governors to rally support for increasing the federal minimum wage, as their Republican counterparts argue the idea is a jobs killer.
But the RINOs will cave, as they want in on the votes too. On Friday, Sen Jeff Sessions said the House was the last line of defense for the millions of Americans whose wages and livelihood will be put at risk by amnesty and comprehensive immigration reform.
When Obama signed the Student Aid and Fiscal Responsibility Act (SAFRA) into law in 2010, the response in the media, inside the Beltway, and on college campuses across the land was overwhelmingly positive. After all, SAFRA did away with the old system of using commercial banks as middlemen in the issuing of college loans that were backed by the U.S. government. Under the new legislation, the government was empowered to lend money directly to students, a piece of bureaucratic sleight of hand projected to save the government (and, it was believed at the time, students and taxpayers as well) tens if not hundreds of billions of dollars in the fairly near future.
Just when we thought things couldn’t get any worse, we are now hearing how the expansion of Medicaid under Obamacare will affect patients. And as states begin expanding Medicaid, low-income patients may find themselves with a fewer doctors to choose from because it simply doesn’t pay enough for a physician to take government-subsidized patients.