“In the last three years, we’ve worked hard to get out of this mess and we’ve made some remarkable progress,” the first lady told a group of about 135 supporters at a private campaign event for her husband. Not sure where she’s currently living! Of course, she was speaking in front of big spender Hollywood supporters. Read the story and the comments following it!
“In particular, between 2012 and 2014, revenues in CBO’s baseline shoot up by more than 30 percent,” said the Congressional Budget Office, “mostly because of the recent or scheduled expirations of tax provisions, such as those that lower income tax rates and limit the reach of the alternative minimum tax (AMT), and the imposition of new taxes, fees, and penalties that are scheduled to go into effect.” Click here for full story.
Congressional Budget Office projects that the national debt under President Obama’s policies will rise to $21.665 trillion by 2022, according to its updated budget outlook. The updated outlook, released Tuesday, found that current Obama administration policies will result in a 50 percent increase in debt held by the public and a 40 percent increase in intra-governmental debt held in the trust funds of entitlement programs. Read more.