This president having no shame, and dong what he pleases to fast-track the United States into bankruptcy Obama pathetically spend so much on Thursday that on that day alone the debt increased by some $300 billion dollars. It was the first day the federal government was able to borrow money. Obama wasted no time in […]
By Chris Stirewalt FoxNews.com “We refused to throw in the towel and do nothing. We refused to let Detroit go bankrupt. We bet on American workers and American ingenuity, and three years later, that bet is paying off in a big way.” — President Obama in his weekly address, Oct. 13, 2012. Just before Detroit […]
Were California’s state government a business, it would be a candidate for insolvency with a negative net worth of $127.2 billion, according to an annual financial report issued by State AuditorElaine Howle and the Bureau of State Audits. The report, which covers the fiscal year ending June 30, 2012, says that the state’s negative status — all of its assets […]
This week started with President Obama Monday demanding lawmakers raise the U.S.’s $16.4 trillion debt ceiling, warning Republicans not to insist on spending cuts in return. The same day, Federal Reserve Chairman Ben Bernanke advocated getting rid of the debt limit altogether. The Washington Post reports in a conversation at the University of Michigan Bernanke said the debt ceiling […]
By Gordon Smith– This week, I decided to list the reasons I would not vote for Barack Obama in the next election. A few months ago, I said I would never join the “Anyone But Obama” crowd. Now I must eat my words. Having lived under the rule of this egotist for three and […]
Columnist Chris Street was heavily criticized last week by the left and the right for publishing “CALIFORNIA DEFAULT RISK TURNS BROWN INTO A CAPITALIST.” Their report highlighted that California Governor Jerry Brown is steam-rolling environmentalists and regulators to generate more state tax revenue by expediting approval of pro-business infrastructure. But the detractors were stunned to […]
While three cities in California have filed for bankruptcy in the past few weeks, more filings are expected, according to CNNMoney. San Bernadino became the latest city in the state to file for bankruptcy protection, following Stockton and Mammoth Lakes. Many cities around the country, not just in the State of California, are struggling to […]
California will run out of cash by early March if the state does not take swift action to find $3.3 billion through payment delays and borrowing, according to a letter state Controller John Chiang sent to state lawmakers today. The announcement is surprising since lawmakers previously believed the state had enough cash to last through […]
What did the President know and when did he know it, goes the old Washington adage. Thus did the American people learn yesterday in separate but equally startling revelations that the Obama Administration knew more about two scandals than it has been revealing. The first is regarding the Operation Fast and Furious gun running disaster […]
As America’s poorest wait for Social Security checks that may never come on Aug. 3, President Barack Obama will be out celebrating a milestone birthday at a party where tickets cost up to $35,800 each. Obama has chosen the first day of the potential default to throw his 50th birthday bash, combining it with raising […]
