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An Admission of Failure
"It is established practice in Washington that if you have to release bad news, it is best to do it on a Friday … the later in the day the better. So not only did the White House schedule the publication of the “Mid-Session Budget Review” for last Friday, but they then released it three hours late to ensure that as few reporters as possible were left in the nation’s capital to cover it. But Heritage’s dedicated budget team patiently waited the Obama administration out, and their analysis shows that this year’s mid-session review is nothing short of a complete admission of failure of the White House’s economic policies."
7/26/2010
Permalink ID:15504
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The White House budget office offers a scorecard on Obamanomics
"Democrats have been running Congress for nearly four years, and President Obama has been at the White House for 18 months, so it's not too soon to ask: How's that working out? One devastating scorecard came out Friday from the White House, in the form of its own semi-annual budget review."
7/26/2010
Permalink ID:15500
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7/24/2010
Permalink ID:15451
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The Startling Decline of America’s Economic Freedom and What to Do About It
"In 2010, for the first time ever, the United States has fallen from the ranks of the economically “free” as measured by the Index of Economic Freedom, published annually by The Heritage Foundation and The Wall Street Journal. With a score of only 78.0 on the Index’s 0–100 scale, the United States has fallen below the cutoff (an average score of 80 or above) that earns countries the right to call themselves truly “free.” The United States’ current status? “Mostly free.”
7/21/2010
Permalink ID:15384
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7/11/2010
Permalink ID:15117
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Central banks start to abandon the U.S. dollar
"There's mounting evidence that central bankers have little faith in the greenback these days. Can we blame them?"
7/10/2010
Permalink ID:15092
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Labor Dept. Estimates $7.1 Billion in Overpayments to Unemployed
"Preliminary estimates released by the U.S. Department of Labor find that, in 2009, states made more than $7.1 billion in overpayments in unemployment insurance, up from $4.2 billion the year before. The total amount of unemployment benefits paid in 2009 was $76.8 billion, compared to $41.6 billion in 2008."
7/9/2010
Permalink ID:15058
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Rep. Paul Ryan Walks the Walk on Fiscal Reform
"Bloomberg Businessweek points out that “at least one congressman is doing just that—and learning how lonely it can be crusading for real change.” That congressman is Paul Ryan (R–WI), who released the second version of his Roadmap for America earlier this year, which includes health care reform, entitlement reform, and tax reform."
7/8/2010
Permalink ID:15049
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The nation's debt leapt $166 billion in a single day last week, the third-largest increase in U.S. history
"The one-day increase for June 30 totaled $165,931,038,264.30 - bigger than the entire annual deficit for fiscal year 2007 and larger than the $140 billion in savings the new health care bill will produce over its first 10 years. The figure works out to nearly $1,500 for every U.S. household, or more than 10 times the median daily household income."
7/8/2010
Permalink ID:15028
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Over 50% of all state deficits attributable to illegal aliens
"New York State faces an even greater difference: Their deficit is estimated at upwards of $4 billion, while their cost of illegals is $9.5 billion."
7/6/2010
Permalink ID:14980
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House Democrats: Nancy Pelosi Tricked Us
"Many people are still trying to figure out what exactly Congress voted to do last week when they passed their fake budget."
"But one thing is for certain: if procedural experts are still trying untangle what happened, there is no way 215 members of Congress knew what they were voting for at the time they cast their votes."
7/6/2010
Permalink ID:14978
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7/5/2010
Permalink ID:14952
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Lawmakers fund charities with earmarks
"Fattah and Rogers are among eight lawmakers who have used special legislative provisions called "earmarks" to fund charities with close personal connections. A USA TODAY review of federal spending legislation and non-profit records identified $30.6 million this year — and more than $89 million over the past three years — directed to groups closely tied to the lawmakers. That included $38.1 million over three years to groups founded by the lawmaker sponsoring the earmark and $2 million since 2008 to groups where earmark sponsors' spouses have been unpaid directors. "
7/5/2010
Permalink ID:14948
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