When a questioner at Tuesday’s presidential debate stated that women make only 72 cents for every dollar that men make, both President Obama and Governor… Read More
News
Exotic dancers, robotic squirrels, and a reality TV show in India—your tax dollars supported all of these this year. Two reports just released—“Federal Spending by… Read More
Tonight’s presidential debate is a good opportunity for President Obama and Governor Mitt Romney to tell the nation what they would do about our spending… Read More
The call to eliminate federal subsidies to the Public Broadcasting Service (PBS), such as Governor Mitt Romney’s recent statement, shouldn’t ruffle the famous fowl. After… Read More
Fiscal year 2012 concluded with a $1.1 trillion deficit, according to the Congressional Budget Office’s monthly budget review released today. It marks the fourth year… Read More
During the first presidential debate, President Obama reiterated a policy proposal that barely holds water. His proposal to use so-called war savings from the troop… Read More
Members of Congress left plenty of unfinished business as they hustled out of town last weekend, but they did manage to boost spending through another… Read More
In a recent “60 Minutes” interview, host Steve Kroft primed President Obama with this statement: “Most Americans think we’re spending too much money.” To which… Read More
The federal budget is reaching benchmarks of astronomical proportions. Hold your applause, though; the budget trends are increasingly headed in the wrong direction. Yesterday, the… Read More
The United States’ competitive edge in the global economy is not what it used to be. The World Economic Forum (WEF) reported that the U.S…. Read More
Outdated forecast data containing rosy economic assumptions and signaling potential cost overruns plagues the planned $6.9 billion XpressWest high-speed rail project connecting Victorville, CA, to… Read More
When does the U.S. Department of Agriculture (USDA) say you should eat meat? It depends on the day. On July 23, the agency’s interoffice newsletter,… Read More
It is becoming hard to keep the billions of dollars in missed payments and recorded losses by the U.S. Postal Service (USPS) straight. Today, tack… Read More
Today the U.S. Postal Service (USPS) will default on $5.5 billion in payments to the Treasury for future retiree health benefits. That is no small… Read More
After weeks of decent progress in advancing the fiscal year (FY) 2013 appropriations bills—the annual spending bills that finance the operations of government agencies—the process,… Read More
EconomyNews
Earlier this week, the Obama White House criticized Members of Congress for examining the effects of the $1.2 trillion in automatic spending cuts scheduled to… Read More
Yesterday, former President Bill Clinton agreed with the strong message The Heritage Foundation has sent Congress and the President: Prevent Taxmageddon from taking place—and do… Read More
The latest installment in a National Public Radio (NPR) series considers how entitlement programs impact Americans’ opportunities. This is a welcome discussion, because growing entitlement… Read More
The Obama Administration is piggybacking on claims made by MarketWatch’s Rex Nutting that Obama has not gone on the spending spree everyone thinks he has… Read More
What do $16 billion and $68.4 billion have in common, other than the fact that each of these figures dwarfs JPMorgan Chase’s recent loss? The… Read More
JPMorgan Chase’s $2 billion trading loss is top news nationwide. But over at the U.S. Postal Service (USPS), such losses are business as usual. USPS… Read More
House Speaker John Boehner (R–OH) announced yesterday that the House is gearing up to vote prior to the November election on extending all of the… Read More
The Medicare trustees report, released this week, reinforced the urgent need to reform the federal health insurance program for seniors. Medicare is on an unsustainable… Read More
The General Services Administration’s (GSA) scandalous spending at a 2010 conference has gotten plenty of attention. Rightly so, because the GSA officials’ misconduct resulted in… Read More
House Democrats described the budget they released yesterday as a “clear contrast” to the one introduced by House Budget Committee chairman Paul Ryan (R–WI). It… Read More
Yesterday, Senate Finance Committee chairman Max Baucus (D–MT) released a modified chairman’s mark on the Highway Investment, Job Creation and Economic Growth Act of 2012… Read More
At the close of business, the federal government’s debt limit will increase by another $1.2 trillion, the final installment in a series of hikes that… Read More
President Obama will release his annual budget proposal late yet again. Choosing the date is not merely a convention. By law, the President must release… Read More
On Thursday, President Obama formally notified Congress that the total federal debt (debt subject to statutory limit) is within $100 billion of the debt limit… Read More
Dark clouds hover over the nation’s finances and threaten a perfect storm of massive debt and crushing taxation unless Congress starts acting—soon. Washington must demonstrate… Read More
