(CNSNews.com) – During the month of February–as President Barack Obama was warning Americans they would see dramatic effects in their lives if “sequestration” of some planned federal spending kicked in–the federal government’s debt climbed by $253.5 billion. That one-month increase in the debt was nearly six times as much as the $44 billion in spending […]
Newscom The Chinese yesterday announced new defense and internal security budgets. In keeping with the average double-digit annual increases of the past 20 years, Chinese military spending will rise by 10.7 percent. These consistent massive increases, announced ahead of the 12th National People’s Congress—the world’s largest parliament—have allowed Chinese military modernization to gain by leaps […]
Newscom Despite claims by the Obama Administration that the Transportation Security Administration (TSA) budget couldn’t afford sequestration cuts without reducing personnel—thus causing longer wait times at airports—the agency had no qualms about adding a $50 million contract for new uniforms the week before the spending cuts officially began. On February 27, the TSA announced the […]
The House version of the continuing resolution (CR) — necessary to fund the government through the end of the fiscal year on September 30 — was Congress’s opportunity to reprogram cuts from sequestration or cut even further. Regrettably, the bill fails to deliver on both counts. Worse, because of the Obama Administration’s decision to spread […]
U.S. President Barack Obama has demanded a timetable for an Israeli withdrawal from Judea and Samaria (also known as the West Bank to Palestinians), according to an unconfirmed report by World Tribune. The report quotes anonymous “Israeli sources.” According to the report, Obama, who is scheduled to arrive in Israel on March 20, wants Prime […]
(CNSNews.com) – A new video depicts graphic scenes of a black man being dragged from his home and hanged from a tree by white men in hooded gowns with a burning cross as a backdrop – a reminder, producers say, of laws that once banned African-Americans from owning firearms. “Gun control is not a new […]
Budget cutters, cultural conservatives, and national defense hawks ought to be able to rally around a common standard. But what is that standard? In order to properly unite our forces, author Peter Berkowitz recommends that we must first temper our tempers. In his new book Constitutional Conservatism, Berkowitz writes that moderation allows people to find […]
China has fallen behind Japan as the largest foreign holder of U.S. securities. The Department of the Treasury’s new numbers are good only through June 30, 2012, but it puts Japan at $1.84 trillion and China at $1.59 trillion. There are lots of things to say about this, but one stands out: The loose talk […]
NEwscom The average price of a new car in 2012 was $30,500. Wondering why? One contributing factor is the new Corporate Average Fuel Economy (CAFE) standards. All models from a single manufacturer must reach an average of 35.3 miles per gallon (mpg) by 2016 and 54.5 mpg by 2025. The current average is 29 mpg. […]
RICHARD B. LEVINE/Newscom President Obama argued in his State of the Union address that “no one who works full-time should have to live in poverty.” That is a noble goal, but it has little to do with the minimum wage rate. Only 2.9 percent of U.S. employees work for the federal minimum wage of $7.25 […]
