President ObamaPresident Barack Obama announced last week that he’d like to restore the “pay-as-you-go” budgeting guidelines that Congress imposed upon itself in the 1990s. The measure, often simply called “PayGo,” would require any new spending proposals in legislation be accompanied by equivalent dollar amounts of new spending cuts or tax increases.

money wastePresident Barack Obama has fired the inspector general who found misuse of AmeriCorps funds at a nonprofit education group headed by Sacramento Mayor Kevin Johnson. The inspector general, Gerald Walpin, had investigated Johnson’s group, St. HOPE Academy, and discovered funds were being diverted for non-approved uses.

Obama in Green Bay, WIAs part of his efforts to promote healthcare reform, President Barack Obama attended a town hall meeting at Southwest High School in Green Bay, Wisconsin, on June 11. The president was introduced by Laura Klitzka, a 35-year-old mother of two who is battling breast cancer. Klitzka spoke about the thousands of dollars in unpaid medical bills her family has incurred and how devastating this has been. President Obama thanked her for sharing her story and noted that she is not unique; millions of Americans worry not just about their health, “but whether they can afford to get well.”

Ron PaulBill H.R. 1207 to audit the Federal Reserve now has 200 cosponsors. That’s 45 percent of House members, closing in on a whopping 50 percent. Impressive. So much so, the Federal Reserve is hiring public-relations guru and veteran lobbyist Linda Robertson as a resource to advise the Fed on “communications strategies.”

U.S. MoneyThe Treasury Department reported on June 10 that the federal budget deficit for May was just shy of $190 billion, and the total deficit eight months into the fiscal year is approaching $1 trillion.