U.S. Senator Urges Budget Neutrality on Obamacare Risk Provisions

Marco Rubio

WASHINGTON (Reuters) – U.S. Sen. Marco Rubio, a prominent Republican critic of President Barack Obama’s healthcare law, unveiled legislation on Tuesday to make sure Obamacare would not add to the deficit by compensating insurance companies for possible losses.

CBO: Minimum Wage Hike Will Increase Deficit

40 percent wage increase will hike deficit by $5 billion over 10 years
AP

President Barack Obama’s proposal to raise the minimum wage to $10.10 per hour will cost the private sector $15 billion and increase the deficit by $5 billion over the next 10 years, according to a Congressional Budget Office report released Wednesday.

Dempsey: Threat of Conflict in Asia Increasing

U.S. Military decline hastens global instability
Gen. Martin Dempsey / AP

The risk of war in Asia will increase over the next 10 years as U.S. military forces struggle to maintain their edge amid declining budgets and increasing threats, according to the chairman of the Joint Chiefs of Staff.

Obama Budget Will Add $8.3 Trillion to Debt

Budget would increase taxes by $1.8 trillion
AP

President Barack Obama’s budget for fiscal year 2015 will add $8.3 trillion to the debt and hike taxes by $1.8 trillion, according to a joint analysis by Republicans on the Senate and House Budget Committees.

Austerity Has Lost Its Meaning

Austerity Kills

Austerity. The media keeps using that word. We do not think it means what they think it means. Or rather, the word appears to have lost all meaning; it means whatever they want it to mean.

Last week, the Washington Post reported that President Obama’s budget request for 2015 “will call for an end to the era of austerity that has dogged much of his presidency.” Instead, he will focus on “pumping new cash into [programs supported by liberals],” while abandoning his symbolic nod toward reforming the entitlement programs that threaten to bankrupt the country.

In other news, Defense Secretary Chuck Hagel on Monday announced the Obama administration’s plans to slash the Army to its smallest size since 1940, a famously good year for the economic and geopolitical affairs. The move is perfectly in keeping with the administration’s sophisticated foreign policy strategy of thinking about what George W. Bush would do, and then doing the opposite of that. According to the New York Times, the proposal “takes into account the fiscal reality of government austerity.”