Blogs

According to a new report to Congress, a record 72.6 million Americans enrolled in Medicaid for at least a month in 2012.  That's just shy of one-in-four of the 314.3 million total population as reported by the Census Bureau.  

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By Rob Douglas, Contributing Editor
 

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Just two months into FY 2013, the government has racked up nearly $300 billion of red ink – nearly $5 billion per day of deficit spending – a virtual guarantee of the fifth consecutive year of deficit spending in excess of a trillion dollars.  With the economy barely expanding, the federal government is spending 4 percent more than the FY 2012 level.  Spending on the big three entitlement programs is up by more than 8 percent over just last year.  Interest on the debt is up 5%. 
 

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At times, it feels like we are all being overwhelmed with statistics. Each and every day brings a new report that we're told contains the most important indicator of where we stand as a country. Many of these reports are important and we should absorb the information they contain if we are to be thinking Americans who act based on facts – not feelings.  

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Bring out the finger bowl so the Administration and the Democrats can wash their hands of responsibility for the nation's economic woes.

Secretary of Treasury Tim Geithner was asked over the weekend if the Obama Administration was "in any way responsible" for the credit rating downgrade by Standard & Poor's issued last Friday.  Geithner responded "absolutely not."   

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As if the last week wasn't already packed with bad news, yesterday we got two more unprecedented signs of the economic times.

Late yesterday, Standard & Poor's dropped the credit rating for the United States of America for the first time since 1917. The "full faith and credit" of the U.S. Treasury is no longer the world's gold standard. Instead of the U.S.A. the AAA rating that had become synonymous with the dollar, is now in the possession of France. America is on a par with New Zealand and Belgium.   

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Following are questions and my responses to recent questions for The Arena at Politico.com:   

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Nothing seems to upset Barack Obama like being ignored. He is the President, after all, and "The One." Yet, as the negotiations on a debt ceiling deal bob-and-weave along in Washington, he grows visibly angrier that he's not getting his own way. This week he reportedly "stormed out" of discussions after Majority Leader Eric Cantor suggested the two sides were still pretty far apart on a solution. 

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Click here for 105 seconds of spot-on analysis and honesty. 

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As the political tug-of-war wears on in Washington over a deal on reducing the deficit as part of a compromise to raise the debt limit, some conservatives are beginning to fret about the possibility of the GOP "caving" (there's a plethora of definitions of what "caving" would be). And, today the media's attention is focused on differences – perceived or genuine – within the GOP Leadership. 

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