It’s Official: Administration Admits Obamacare Is a Job-Killer
Bloomberg News reported this evening that the Obama Administration is set to announce a one-year delay in enforcement of Obamacare’s employer mandate, a move the… Read More
Backdoor Bailouts Begin
The Treasury Department’s release of $100 million from the Hardest Hit Fund last week amounts to a federal bailout of five Michigan cities without congressional… Read More
Treasury Employs Extraordinary Measures to Spend Beyond Debt Limit
After hitting the debt limit on March 19, the Treasury Department under Secretary Jack Lew is now employing its toolset of “extraordinary measures” to continue… Read More
IRS-Gate: The Potential Criminal Implications
With the announcement by Attorney General Eric Holder of a criminal investigation of the IRS over the agency’s targeting of conservative Tea Party and other… Read More
Temporary Debt Paydown Just a Drop in the Bucket
Reports that the federal government will put a little bit of money toward the massive federal debt for the first time in six years make… Read More
News
North Korea Threatens Nuclear Strike on U.S.
So much for basketball diplomacy. Dennis Rodman’s meeting with his new BFF Kim Jong-un didn’t prevent the regime from threatening a pre-emptive nuclear strike to… Read More
Transparency in Government: Finding Out How Much the Government’s Mistakes Are Costing Us
One of the little known costs that taxpayers unwittingly pay is the Judgment Fund administered by the Treasury Department. This fund is used to pay… Read More
EconomyNews
Geithner to Congress: Happy New Year, We’re Maxed Out on Debt
The government has maxed out its credit card again, mortgaging America’s future with yet more debt. Obama Administration Treasury Secretary Timothy F. Geithner, in a… Read More
Feds Investigate Stimulus-Backed Solar Companies With Political Ties
Three solar companies are under investigation for potentially inflating costs in order to draw down more money from a stimulus-funded loan program. All three boast… Read More
Taxpayer-Backed Green Energy Firms Subpoenaed by Federal Watchdog
The Treasury Department’s top watchdog has opened an investigation into a popular grant program that helped finance a host of green energy projects, according to… Read More
DOE Rushed Treasury on Solyndra to Accommodate Press Release
Energy Secretary Steven Chu may want the country to stop discussing the Solyndra scandal, but information continues to come to light that confirms the worst… Read More
Washington in a Flash: House Leaders Look for Votes on Boehner Debt Plan
Unable to secure the votes needed to pass Speaker John Boehner’s (R-OH) debt plan, House GOP leaders first delayed then canceled a vote on the Budget… Read More
Tax Break for the Trial Lawyers: A Bad Idea
Do the nation’s trial lawyers deserve a taxpayer bailout? That’s what they’re after: a special-interest tax break of $1.6 billion. In fact, after Congress refused… Read More
PLA Threatens Chinese Economy
China’s People’s Liberation Army (PLA) this month has been trying to threaten the U.S. economically. However, their plan could actually harm China, not America. Many, many Chinese… Read More
The Obama-Frank Systemic Risk Plan: Some Good and a Lot of Bad
The Treasury Department and House Financial Services Committee Chairman Barney Frank have just released a highly complex 253 page draft bill that is supposed to… Read More
Obama’s Battle of the Bulging Deficit
“We’ll Need To Raise Taxes Soon” opines Roger Altman, a former Deputy Treasury Secretary under President Clinton, in a Wall Street Journal editorial today. Of… Read More
Will Washington Follow in Sacramento’s Footsteps?
The federal government’s bailout parade wasn’t enough to save California this week. In a move that drew praise from some conservative quarters, President Obama refused… Read More
Don’t Just Do Something, Stand There
The Department of the Treasury has again declined to label China a currency manipulator. This will ruffle some feathers on the Congress, labor groups, certain… Read More
