March 12, 2010
Note: Mr. Campbell's line of questions begins approximately at mark :51.
Since taking office, President Obama’s Administration has been singularly obsessed with passing a government takeover of healthcare. In times like these, one would think that the President and his team would have other buzz words and topics on their mind rather than a wildly unpopular expansion of government. I can think of several things…to start, how about, jobs, the economy, or the deficit?!
Yesterday, the Treasury Department released its latest budget numbers, and the story is told in a trail of red ink. In February, the federal government ran a deficit of nearly $221 billion, 14% higher than the previous record set in February of 2009.
As you might know, the fiscal year of the U.S. Government begins on October 1 and ends on September 30. Now, 5 months into the new fiscal year, the government’s budget deficit totals nearly $652 billion which is 10.5% higher than this time last year. This is absolutely beyond sustainability. Read more here.
"He will have to explain to the American people why his vision for bigger government, more spending, and higher taxes will work over the next four years when it hasn't worked in the past three and a half years.” – Sen. Rob Portman on President Obama
On August 31, 1949, Secretary of Defense Louis Johnson announced the creation of an Armed Forces Day to replace separate Army, Navy and Air Force Days. The single-day celebration stemmed from the...
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