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That is, in effect, what the Obama stimulus bill is doing to American families.

A family of four is shouldering $200 worth of debt from this bill while only receiving $26 in return. And that assumes two taxpayers in the family.

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Democrats continue to show their true colors when it comes to deficit spending.
WASHINGTON (Reuters) - The Democratic-controlled Congress on Thursday approved more money for education, job training and health care than the amount sought by President George W. Bush, challenging him to veto a bill that funds popular domestic programs ( Read more... )

Seriously, I do.
WASHINGTON (AP) -- Federal revenue collections hit an all-time high in April, contributing to a further improvement in the budget deficit for the year ( Read more... )

So close, yet so very far away when it comes to balancing the federal budget. We are only at about 1-1.5% of GDP as far as the federal deficit is concerned (despite what scare stories you may hear in the MSM and from Democratics (sic)Yet at this stage no one seems willing to do that last little bit of hard work to actually balance the budget ( Read more... )

Remember when $200 billion was "good enough"?
WASHINGTON (AP) - Budget estimates released Wednesday showed some improvement in the deficit but gave little solace to Democrats struggling to match President Bush's promise to balance the budget ( Read more... )

The federal budget deficit continues to shrink in the face of gushing tax revenues.
WASHINGTON (AP) - The federal budget deficit estimate for the fiscal year just completed has dropped to $250 billion, congressional estimators said Friday, as the economy continued to fuel impressive tax revenues ( Read more... )

Democrats cried in their cereal after hearing this news this morning:
WASHINGTON - The federal deficit through July is running well below last year's pace, helped by strong growth in revenues, the Treasury Department reported Thursday ( Read more... )

An excellent article in the WSJ with yet more evidence that tax cuts work as advertised. When will the left admit defeat on this issue?
Yesterday's political flurry over the falling budget deficit shows that even Washington can't avoid the obvious forever: to wit, the gusher of revenues flowing into the Treasury in the wake of the 2003 tax cuts. ( Read more... )

The New York Times, in yet another editorial bemoaning the current state of affairs, makes a somewhat common mistake (for the Times) of using a false premise to build an argument.
The United States' gap in trade and other international transactions is on track to reach an unprecedented $788 billion in 2005. The federal budget deficit, meanwhile, ( Read more... )