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The Empty Ocean

The Empty Ocean

Richard Ellis
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Tag: Federal Deficit


artist in doing nothing (CC BY-SA 2.0)

Three Economic Myths Busted

As a share of national income, federal spending peaked during the Reagan administration; spending has increased only half as fast under President Obama as under President Bush; and declining revenues, not rising spending, accounts for the swelling federal deficit overseen by the Bush and Obama administrations.

Posted on May 31, 2013 READ MORE


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AP/J. Scott Applewhite

Obama Submits Destructive, Unnecessary Budget Plan

The president is following through on his intention to abandon the welfare of elderly and disabled Americans in a budget deal that would cut $130 billion from programs like Social Security over the next 10 years, and that could starve the system in the long run.

Posted on Apr 10, 2013 READ MORE


Sandy Aid Delayed









Posted on Jan 3, 2013 ENLARGE


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