by Stephen Dinan. The federal government will be flirting with $30 trillion in debt within a decade, the Congressional Budget Office
reported Monday, blaming an aging population, new spending and tax cuts
approved on Capitol Hill, and the growing burden from Obamacare for
erasing the progress Washington had made over the past few years. ... MORE
Showing posts with label spending. Show all posts
Showing posts with label spending. Show all posts
The Congressional Budget Office Foresees A $30 Trillion Debt As A Result Of Looming Tax Hikes And Obamacare
by Stephen Dinan. The federal government will be flirting with $30 trillion in debt within a decade, the Congressional Budget Office
reported Monday, blaming an aging population, new spending and tax cuts
approved on Capitol Hill, and the growing burden from Obamacare for
erasing the progress Washington had made over the past few years. ... MOREVeronique de Rugy: The Government Wasted Tons Of Money On 'Shrimp Fight Club' And A Million Other Things
Waste, fraud, abuse, and monkeys on hamster wheels. In honor of the release of the new Star Wars movie, Sen. Jeff Flake
(R-Arizona), subtitled this year's "Wastebook" as "The Farce Awakens."
The latest edition of this annual report details 100 spending
programs—totaling $108.5 million—that are a complete waste of your
money. ... MOREPeter Suderman: Democrats And Republicans Team Up To Bust The Budget With A $1.8 Trillion Spending Package
Politicians indulge themselves at taxpayer expense. One way to understand the massive federal spending package is as a compromise between Republicans and Democrats to ignore the deficit. The deal is made of two different elements—a 2,009-page omnibus that folds in 12 appropriations bills and calls for $1.1 trillion in spending, ... MORE
NSA Phone-Snooping Program Didn’t Prevent Any Attacks
By David Sherfinski. Sen. Rand Paul of Kentucky said Monday that the NSA’s phone-snooping program didn’t catch any terrorists or prevented any attacks, breaking from several of his 2016 GOP presidential rivals, including New Jersey Gov. Chris Christie, who have described the program as an effective tool in the fight against terrorism. “There will ... MORELawrence J. McQuillan: Cutting Government Down To Size
#1 reason to elect Rand Paul. The GOP debates so far have shown that the Republican presidential candidates are far from united on how best to boost the economy. Tax and regulatory reform are critical. But as a first step they should consider following the path Democrats took immediately after World War II: shrink the government. During ... MOREMichael Lewitt: The Economy Is Coming Unglued
Signs that the wheels are coming off the wagon. Commodity prices are plunging, the dollar is powering higher, Obamacare is collapsing, economies everywhere are faltering, and terrorism is spreading across the globe. That’s bad news. Unless you happen to be among the stock market investors who in the U.S. spent the last week bidding up stock ... MORESome Members Of Congress Want To Stop Squandering Tax Money On The DEA's Failed Marijuana Eradication Program
by Christopher Ingraham. The Drug Enforcement Administration is not having a great year. The chief of the agency stepped down in April under a cloud of scandal. The acting administrator since then has courted ridicule for saying pot is "probably not" as dangerous as heroin, and more recently he provoked 100,000 petition-signers and seven ... MORENational Debt Spikes $578 Billion In Three Weeks
By Pete Kasperowicz. Spending frenzy after debt ceiling suspension. The national debt has surged more than half a trillion dollars in the last three weeks, as the suspension of the debt ceiling in late October has allowed the government to borrow as much as it wants. Before the debt ceiling was suspended, the national debt stood at $18.15 ... MOREFeds Collect Record 2015 Tax Haul: $19,346 Per Worker
by Michael Lotfi. Gov't overspent by nearly $530 billion anyway. According to a monthly treasury statement, through the first eleven months of fiscal year 2015 (Oct. 1, 2014 – end of August), the United States federal government has collected a record-breaking haul in tax revenue. In total, the feds have collected over $2.8 trillion so far, which ... MOREJohn W. Whitehead: The Real Issues That You Won't Hear From The 2016 Presidential Candidates This Election Year
Government's stealth tyranny. We now have less than one year until the 2016 presidential election. Despite the dire state of our nation, however, you can rest assured that none of the problems that continue to undermine our freedoms will be addressed in any credible way by the presidential candidates—certainly not if doing so might ... MOREMore Trouble For Jerry Brown's Rail Boondoggle
by Steven Greenhut. Moonbeam's plan no longer resembles original proposal. One of the biggest problems with California Gov. Jerry Brown's efforts to battle climate change is the "do or die" nature of the situation. Based on his rhetoric, there's little room for debate over costs, benefits, details and oversight. When the future of the Earth is at stake, ... MORE
Marcus E. Howard: The Pentagon Has Squandered Millions Paying Pro Sports Teams To Honor Soldiers At Games
It's like paying a whore to say, "I love you." The Pentagon and National Guard paid professional sports teams to publicly honor soldiers at sporting events, according to a Senate oversight report released Wednesday that labeled the practice “inappropriate and frivolous.” Since the end of 2011, the military has spent $6.8 million on sports ... MOREJohn W Whitehead: The Real Issues You Won't Hear From The 2016 Presidential Candidates This Election Year
The tyranny behind the curtain. We now have less than one year until the 2016 presidential election. Despite the dire state of our nation, however, you can rest assured that none of the problems that continue to undermine our freedoms will be addressed in any credible way by the presidential candidates—certainly not if doing so might ... MORE
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