First the bad news: On Wednesday (February 3), Governor Paterson announced that the state's projected budget deficit for next year has grown by $750 million – from $7.4 billion to $.2 billion. The widening gap is due to a $550 million ...

After proposing a so-called “budget freeze” in his State of the Union speech, Obama rolled out the “Mother of all Boondoggles”, a $3.8 trillion spending plan for the coming fiscal year that includes a record $1.6 trillion deficit (on ...