What’s really in the year-end tax and spending bill? Congress released more than 2,200 pages of legislation in the dead of night — containing $1.1 trillion in spending, about $680 billion in tax cuts and a string of other policy changes. Both the fossil fuel and alternative energy industries can count themselves as winners, following […]
Gov’t Watchdog: HUD’s Financial Books Are Impossible To Audit – The Daily Caller
December 1, 2015 by
A government watchdog says it can’t audit billions in Department of Housing and Urban Development (HUD) spending because the agency’s financial books are kept so poorly. HUD’s financial statements and systems are missing records, inaccurate and sometimes even violated federal laws, according to a HUD inspector general report released Monday. Included among the programs with useless […]
Report: Social Security overpaid disability recipients $17 billion – Chicago Tribune
June 7, 2015 by
Social Security overpaid nearly half the people receiving disability benefits over the past decade, according to a government watchdog, raising questions about the management of the cash-strapped program. In all, Social Security overpaid beneficiaries by nearly $17 billion, according to a 10-year study by the agency’s inspector general. Many payments went to people who earned […]
Hawaii’s $205 Million Obamacare Exchange Implodes – Americans for Tax Reform
May 13, 2015 by
Despite over $205 million in federal taxpayer funding, Hawaii’s Obamacare exchange website will soon shut down. Since its implementation, the exchange has somehow failed to become financially viable because of lower than expected Obamacare enrollment figures. With the state legislature rejecting a $28 million bailout, the website will now be unable to operate past this […]
American Thinker: Obama to propose tax increases of $320 billion over 10 years
January 19, 2015 by
Obama aides previewing the president’s State of the Union speech say that the administration plans to close “loopholes” in the tax system and charge a fee to big banks to curb risky borrowing. The tax increase package would total $320 billion over the next decade. The president then plans to take that money and give […]
Obama urges Senate to pass $1.1 T spending bill – AP News 12/13/2014 12:12 AM
December 13, 2014 by
WASHINGTON (AP) — President Barack Obama on Friday urged the Senate to ratify a $1.1 trillion, House-passed spending bill that has roiled his Democratic Party, judging it an imperfect measure that stems from “the divided government that the American people voted for.” One day after House Democratic leader Nancy Pelosi publicly chastised him for supporting […]
Boehner and Obama Join to Pass Bill Funding Obamacare and Amnesty | CNS News
December 12, 2014 by
(CNSNews.com) – House Speaker John Boehner and President Barack Obama joined forces today to push their respective party members to provide 219 votes–one more than was needed–to ensure passage of an omnibus government funding bill that permits the administration to spend money implementing Obamacare and Obama’s planned unilateral actions that will effectively amnesty as many […]
Boehner Retreats on Amnesty | The Daily Caller
December 3, 2014 by
Pressure from GOP voters and legislators is forcing House Speaker John Boehner to part-way oppose President Barack Obama’s personal amnesty for illegal immigrants, say GOP legislators. Boehner announced on Tuesday that he and his top deputies were proposing to modify the almost-complete 2015 omnibus appropriations budget to block funding for a critical immigration agency after […]
Ponzi: Treasury Issues $1T in New Debt in 8 Weeks—To Pay Old Debt | CNS News
November 29, 2014 by
The Daily Treasury Statement that was released Wednesday afternoon as Americans were preparing to celebrate Thanksgiving revealed that the U.S. Treasury has been forced to issue $1,040,965,000,000 in new debt since fiscal 2015 started just eight weeks ago in order to raise the money to pay off Treasury securities that were maturing and to cover […]
Tax Revenues Set Record for October; Feds Still Run Monthly Deficit of $1,050 Per Household | CNS News
November 15, 2014 by
(CNSNews.com) – The federal government has started fiscal 2015 by setting yet another record for inflation-adjusted tax revenue, while running a monthly deficit of $121.7 billion, which works out to $1050.78 in deficit spending per household in the United States. For each $1.00 the Treasury brought in during October as it set the new record […]
CBO: Cost of Obamacare Subsidy Will Increase 8-Fold in 10 Years | CNS News
September 16, 2014 by
(CNSNews.com) – The cost of the Obamacare subsidy that the U.S. Treasury will pay on behalf of people who earn under 400 percent of the federal poverty level and who buy a government-approved health-care plan on a government-run health-insurance exchange will increase by approximately 8-fold in its first ten years of operation, according to the […]
$2.66T: Tax Revenues for FY14 Hit Record Through August; Gov’t Still Runs $589B Deficit | CNS News
September 13, 2014 by
(CNSNews.com) – Inflation-adjusted federal tax revenues hit a record $2,663,426,000,000 for the first 11 months of the fiscal year this August, but the federal government still ran a $589,185,000,000 deficit during that time, according to the latest Monthly Treasury Statement. Each month, the Treasury publishes the government’s “total receipts,” including all revenue from individual income taxes, corporate […]
Total Number of Government Jobs Lost Due to Sequestration: One – Daniel Doherty
May 8, 2014 by
The automatic spending cuts known as “sequestration” took effect last year, an idea first proposed by the Obama White House (and subsequently supported by Republicans), and signed into law as part of the Budget Control Act of 2011. The idea behind sequestration was to temporarily raise the debt ceiling in exchange for automatic spending cuts […]
Meet Sylvia Burwell, The Titanic’s New Captain | The American Spectator
April 16, 2014 by
The replacement of Kathleen Sebelius by Sylvia Mathews Burwell as the Secretary of Health and Human Services has been portrayed by the legacy “news” media as a new lease on life for Obamacare. The party line is that Sebelius was mortally wounded by GOP exploitation of a single uncharacteristic mistake — the botched rollout of […]
ObamaCare: the mistake America could not afford | Human Events
March 25, 2014 by
Journalistic icon Bob Woodward has been in hot water with the Obama Administration and its more enthusiastic apologists for a while now. He’s not going to get any more popular with that crowd after his appearance on “Fox News Sunday” last weekend, in which he related a conversation with a doctor he described as a […]
Obamacare subsidies for people who don’t have Obamacare | The Daily Caller
March 1, 2014 by
The Obama administration announced Thursday that states with faulty Obamacare enrollment websites will be able to “retroactively” give taxpayer subsidies to people who signed up for private insurance plans off the Obamacare exchanges. The administration’s executive decision to make Obamacare tax credits, which count as subsidies, available to non-Obamacare customers was slammed Friday by House Energy […]
WH: ‘We Don’t Want Deficit Reduction to Come at Expense of Investments’ | CNS News
February 23, 2014 by
(CNSNews.com) – So much for deficit reduction. President Obama’s Fiscal Year 2015 budget, due out in March, will focus on “investments” for “a stronger future,” Obama’s top economic adviser said on Thursday. Savings will be “directed towards the long-term.” “And I think what we don’t want is for our deficit reduction to come at the […]
Senate Hid Key Vote on Increasing Debt Limit from Public View | CNS News
February 14, 2014 by
WASHINGTON (AP) — Financial markets were watching, the retirement accounts of millions of Americans on the line. Nervous senators were watching too, well aware that political fortunes could be on the line. So on perhaps the most important vote of the year, the Senate did something extraordinary this week: It tried to keep the vote […]
Obamacare and jobs: CBO adds fuel to fire – David Nather and Jason Millman – POLITICO.com
February 5, 2014 by
The Republicans just got a big gift from the Congressional Budget Office: It’s going to be a lot easier for them to call Obamacare a “job killer.” That’s because the budget office’s new economic report, released Tuesday, says the health care law will cause Americans to work fewer hours — enough to be the equivalent […]
Who Read 1,582-Page $1.1T Spending Bill? Congressman: ‘Nobody Did’ | CNS News
January 18, 2014 by
(CNSNews.com) — When asked whether he read the 1,528-page, $1.1 trillion government spending bill before he voted for it yesterday, Rep. Earl Blumenauer (D-Ore.) said, “Nobody did!” On Capitol Hill on Thursday, CNSNews.com asked Blumenauer: “The omnibus bill yesterday, it was 1,582 pages, did you have a chance to read all the pages before voting […]
Senate Passes $1.1 Trillion Omnibus Spending Bill: Here Are the 17 GOP Senators Who Helped Pass It | TheBlaze.com
January 17, 2014 by
The Democrat-controlled Senate voted 72-26 Thursday to pass a $1.1 trillion “omnibus” spending bill to keep government operations funded until Sept. 30. All 26 “nay” votes came from Republicans. Two Republicans, Sens. Saxby Chambliss (Ga.) and Tom Coburn (Okla.), did not vote. Here are the 17 Republicans who voted to pass the bill: Lamar Alexander […]
Bailing Out Health Insurers and Helping Obamacare | The Weekly Standard
January 13, 2014 by
Robert Laszewski—a prominent consultant to health insurance companies—recently wrote in a remarkably candid blog post that, while Obamacare is almost certain to cause insurance costs to skyrocket even higher than it already has, “insurers won’t be losing a lot of sleep over it.” How can this be? Because insurance companies won’t bear the cost of […]
House approves budget deal aimed at averting shutdown – CNN.com
December 13, 2013 by
Washington (CNN) — A compromise federal budget plan that would remove the threat of a government shutdown for two years won easy approval Thursday from the Republican-controlled U.S. House. The deal worked out by House Budget Chairman Rep. Paul Ryan and Senate Budget Committee Chairwoman Patty Murray passed on a 332-94 vote and now goes […]
Treasury Forced to Issue $1T in New Debt in First 6 Weeks of FY14 | CNS News
November 19, 2013 by
(CNSNews.com) – Between Oct. 1, 2013, the first day of fiscal 2014, and Nov. 14—which was less than a month after Congress agreed to temporarily suspend the legal limit on the federal debt—the Treasury was forced to issue more than $1 trillion in new debt. During that time, according to the Daily Treasury Statement, the […]
Your share of the national debt is now $1.1 million | Rare
October 30, 2013 by
Each U.S. taxpayer now has a federal-debt liability of $1.1 million, and rising. Remember that when President Obama boasts that the federal deficit—the shortfall between annual revenues and spending—is declining. Of course, the primary reason for the decline is the sequester, which was his idea but now adamantly opposes. The public tends to focus on […]
There’s no actual debt ceiling right now | The Daily Caller
October 18, 2013 by
There’s no actual debt ceiling right now. The fiscal deal passed by Congress on Wednesday evening to re-open the government and get around the $16.4 trillion limit on borrowing doesn’t actually increase the debt limit. It just temporarily suspends enforcement of it. That means Americans have no idea how much debt their government is going […]
Obama’s leadership proves presidency is no place for amateurs | Fox News
October 15, 2013 by
“I sit here all day trying to persuade people to do the things they ought to have sense enough to do without my persuading them,” Harry Truman once lamented. “That’s all the powers of the President amount to.” As usual, the plain-speaking Truman got it right: presidential power is the power to persuade. Too bad […]
Vets march on Washington, roll into WWII memorial, protest outside White House | Fox News
October 13, 2013 by
Veterans marched on Sunday in Washington in protest of the partial government shutdown that has kept them and other Americans from visiting war memorials across the country, with support from several star conservatives. “This is the people’s memorial,” Texas Sen. Ted Cruz told a crowd of several hundred gathered near the WWII Memorial on the […]
Negotiations stall on Capitol Hill; House leaves, Collins’ plan in serious doubt | Fox News
October 12, 2013 by
Negotiations to fully reopen the federal government and increase the debt limit faltered Saturday in the Senate and House – with a proposal by a moderate Senate Republican being rejected, hence postponing any hopes of breakthrough until at least Tuesday– two weeks after the partial shutdown started. The plan by Maine GOP Sen. Susan Collins […]
Obamacare’s broken website cost more than LinkedIn, Spotify combined | Digital Trends
October 10, 2013 by
It’s been one full week since the flagship technology portion of the Affordable Care Act (Obamacare) went live. And since that time, the befuddled beast that is Healthcare.gov has shutdown, crapped out, stalled, and mis-loaded so consistently that its track record for failure is challenged only by Congress. The site itself, which apparently underwent major […]
Pentagon Withholding Death Benefits for Fallen Soldiers’ Families
October 9, 2013 by
The Pentagon has confirmed it will not pay death benefits to the families of troops killed in combat during the so-called government shutdown. With Obama’s recent startling admission that he won’t approve any measures to partially restore suspended government payments for purely political reasons, that puts the blame for this outrage squarely on his shoulders. “Unfortunately, […]
House to try again to pass 3 emergency funding bills amid government slimdown | Fox News
October 2, 2013 by
The House of Representatives will make another attempt Wednesday to pass three emergency funding bills after each failed to obtain the required two-thirds majority Tuesday. The House Rules Committee is scheduled to meet at 10:15 a.m. Wednesday to consider the three measures backed by House Republicans, which are aimed at reopening parks and monuments, continuing […]
With shutdown looming, Senate returns to work after Reid vows to reject House spending bill | Fox News
September 30, 2013 by
With what would be the first government shutdown in 17 years due to take effect at midnight Tuesday, the Senate will return to business Monday afternoon to consider the Republican House’s weekend spending-bill offer, which the chamber’s ranking Democrat has vowed to reject. Senate Majority Leader Harry Reid, D-Nev., had made his feelings on the […]
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