On Monday afternoon, after the Democratic Senate rejected a Republican House bill that would have continued to fund the government and would have delayed the implementation of Obamacare by one year, Rep. Darrell Issa (R-CA) said that the House would attempt to pass a bill requiring all Obama administration officials to sign up for Obamacare. […]
Credit: Tetra Images/Newscom Washington’s reckless spending is driving America into debt — and yet federal bureaucrats continue their wasteful and frivolous ways. The latest example comes courtesy of today’s Washington Post, which features a story that should infuriate any taxpayer. As the federal government’s fiscal year draws to a close Monday, agencies are spending wildly […]
Newscom During remarks given after the passage of the Senate continuing resolution today, President Obama stressed once again his unwillingness to work with Republicans to find spending cuts before increasing the debt ceiling, while suggesting that he was otherwise eager to find a solution to America’s fiscal future. The President stated: Now, I am willing […]
Did you know that since President Obama came into office, the debt limit has been raised seven times? With those increases, Congress has added $43,000 in debt for every American household in just the last four years. And now the debt limit deadline is looming again. Treasury will run out of tricks to keep paying […]
Out-of-control spending by Congress and the Obama Administration has once again maxed out the latest debt limit—a nearly $17 trillion burden that harms job growth, gives special interests a pass, and lowers American families’ personal income. Inspired by Dave Ramsey’s recent post “6 Reasons People Stay in Debt,” we compiled six reasons why Members of […]
The Congressional Budget Office just dropped a budget update on Washington, and it’s not good. The U.S. government is spending recklessly—and Obamacare is adding fuel to the fire. The new report comes at a crucial time, as negotiations over the debt limit are starting up again. Here are some basics to help you cut through […]
In 2013, federal spending approached $3.5 trillion. Now that’s hard to wrap your brain around. It’s about $27,700 for every American household. All across America, families balance their budgets, rein in spending, and pay down their debts. If Americans can do it, why can’t the federal government? Instead, they’re wasting your taxpayer dollars on programs […]
During the 2008 crisis, Fed has been printing tons of money and borrowed it out. Now if they increase the interest rate, how are people going to pay back this money? Without increasing rate already seemed like this money can’t be paid back. I think America is the biggest bubble in the history of man […]
Newscom Shocking new economic research has shown that receiving large gifts from the federal government is actually beneficial to states. That is not such a shock, is it? Another non-shock is that pro-stimulus journalists have misinterpreted studies to use them as evidence for national stimulus benefits. The studies are econometrically sophisticated, but stem from […]
President Obama says he’s ready to get back to the “kitchen table” issues we’re all talking about. After months of focusing on gun control, amnesty for illegal immigrants, and other tangents that do not top Americans’ list of concerns, that’s good to hear. Obama told supporters earlier this week that his speech today will focus […]
