Obamacare Cost Rises by $30 Billion

Newscom The Congressional Budget Office (CBO) issued a new statement on the budgetary effect of repealing the Affordable Care Act (Obamacare) for fiscal years 2014 to 2023. The CBO did not model or update a full scoring of repeal. It found that the cost of Obamacare has increased by $30 billion since last July’s estimate […]

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Egypt Sentences Employees of Foreign NGOs to Jail, US Aid to Egypt Unaffected

A Cairo court has sentenced 43 Egyptian and foreign employees of several non-governmental organizations (NGOs) to jail sentences, ranging from one to five years for working illegally, the AFP news agency reported Tuesday. Among them, 27 defendants were sentenced in absentia to five years. Judge Makram Awad also ordered the closure of the NGOs, including […]

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Social Security’s Unfunded Obligation Rises by $1 Trillion

Newscom Contrary to claims by cheerful news sources, Social Security’s deficit outlook is not “unchanged” or “no worse.” Social Security’s unfunded obligation rose by $1 trillion according to the latest trustees’ report. U.S. taxpayers now owe $12.3 trillion to pay scheduled benefits—in addition to what Social Security can hope to collect from payroll taxes—over the […]

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U.S. F-16 jets

Obama is letting China steal U.S. military secrets

By John Hudson A formerly obscure naval exercise involving China and the United States is coming under increased scrutiny ahead of President Barack Obama’s meeting with Chinese President Xi Jinping on Friday. For the first time, the Obama administration invited China’s People’s Liberation Army to participate in the 2014 Rim of the Pacific (RIMPAC) exercise, […]

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U.S. Recovery Coming At 2 Speeds

SEATTLE – Banking analyst Meredith Whitney sums up the investment opportunity in the United States as “a tale of two countries” – the idea that states will grow unevenly based on how exposed they were to the financial crisis. Whitney, who now has her own advisory firm Meredith Whitney Advisory Group, rose to fame for […]

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