Please oppose the 1,500-page, trillion-dollar, sequester-scrapping secret spending bill that is coming up for a vote. We sent you to Washington because you promised fiscal responsibility and accountability. Spending ever-more on an ever-increasing Federal government provides neither.
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By Kevin D. Williamson
Here’s the number to keep in mind: $763 billion.
If enacted, Barack Obama’s latest budget would mean that in just ten years, interest payments alone on the national debt would begin pushing the trillion-dollar mark: $763 billion a year by 2023. That may be a rosy estimate: It assumes that interest rates, currently near historic lows, do not rise a great deal over the next ten years as the Treasury continues to pile up new debt. If interest rates do climb a bit higher — not even to their historical average, but higher than they have been of late — then those interest payments easily could be more than $1 trillion a year.
Continue reading “The One Number You Need to Know in O’s Budget”
President Obama released his 2014 budget more than 60 days late. Not surprisingly, it doesn’t even attempt to balance the budget — now or in the future. Heritage.org put together this handy infographic on Obama’s budget to help you understand what’s in it and how it exposes the President’s worldview.
Continue reading “Obama’s budget in one infographic”