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An Analysis of Obama s Budget: DOA

President Obama’s $3.7 trillion budget for Fiscal Year 2012 was declared dead on arrival by Republicans in Congress and with good reason. It contains massive new spending, new taxes and more debt for our children and grandchildren. The President failed to provide a roadmap to balance the budget and reneged on his State of the Union promise to “freeze annual domestic spending for the next five years.”

Senate news: Dianne Feinstein absence ramps up tensions over Biden s judicial nominees

Debt Crisis Blamed for U S Credit Rating Downgrade

Ratings firm Standard & Poor's downgraded the U.S.'s sterling credit rating on Friday for the first time in history, as it blasted the Washington political process and the inability of lawmakers to properly reduce national deficits.

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