Investors worried that inflation and financial market turmoil will wipe out the value of their cash have poured money into gold over the past decade. Prices have gained almost 500 percent since 2001 compared to a 12 percent increase in MSCI’s world equity index. The card can also be used as an alternative method of […]
(CNSNews.com) – Explaining why he has no choice but to demand an increase in the legal limit on the national debt, President Barack Obama said at a Monday press conference that Congress orders him to spend money. “This is a matter of Congress authorizes spending,” Obama said. “They order me to spend,” he said. “They […]
Federal welfare spending will skyrocket 80 percent over the next decade, according to new analysis by the minority side of the Senate Budget Committee. Here’s a chart, provided by the committee, detailing the growth in spending: “This chart displays projected federal spending on federal welfare programs over the next ten years, based on data from […]
Working Americans receiving their first full paycheck of the year may have had a rude awakening today. Despite all the President’s promises not to raise taxes on the middle class, he did exactly that. By allowing the payroll tax holiday to expire at the end of 2012, President Obama and Congress allowed the portion of […]
Even as the President and Congress have again failed to deal with the genuine fiscal threats facing the nation, the Department of Transportation (DOT) is considering gambling $5.5 billion in taxpayer funds on a high-speed train to Las Vegas. The loan could be approved under the Federal Railroad Administration’s Railroad Rehabilitation and Improvement Financing (RRIF) […]
These 11 States Now Have More People On Public Assistance Than Are Employed The photo shows the 11 states where private sector workers are outnumbered by people dependent on the government. Eleven states made the list of danger spots for investors on Forbes. Residents of these 11 states can look forward to a rising tax […]
Prior to the fiscal cliff deal, President Barack Obama scolded Congress for cobbling together a plan at the last minute. “America wonders why it is in this town why you can’t get stuff done in an organized timetable,” said Mr. Obama. “Why everything has to always wait until the last minute. We’re now at the […]
The editorial board of The Washington Post, no organ of conservative opinion, is absolutely right: “Medicare as we know it is not sustainable,” and the “ultimate solution” is structural reform. Bingo. The right structural reform is to expand Medicare’s defined-contribution financing (routinely called “premium support”) as it broadly exists today in Medicare Part D to […]
Planned Parenthood reported receiving record taxpayer funding last year, while also performing a record number of abortions, according to the organization’s new annual report released this week. The nation’s largest abortion provider maintained its infamous title, performing 333,964 abortions—a record for the organization that received 45 percent of its revenues from taxpayer-funded government sources during […]
As a nation clasped to its capitalist foundations, the United States is unquestionably the global leader for free market policy and laissez-faire economics. The egalitarian, people-first actions of our forefathers and country leaders have helped establish what we’ve long considered to be the land of opportunity. Perhaps nothing has exemplified this more recently than the […]
