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Keyword: bankruptamerica

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  • Congress Spent Your Money on Some Crazy Things Last Year. Will 2014 Be Any Different?

    01/10/2014 6:30:11 AM PST · by IbJensen · 7 replies
    Heritage Foundation ^ | 1/9/2014 | Rob Bluey
    Can you guess which project was funded with your tax dollars? A) $98,000 outhouse on an Alaskan trail B) $1 million bus stop with heated pavement C) Caribbean vacation for bureaucrats staying at a swanky resort D) All of the above If you answered “all of the above,” you’ve either read Senator Tom Coburn’s Wastebook or you’ve grown accustomed to reading headlines about the weird and wacky ways members of Congress spend your money. The video below chronicles 10 projects that received federal funding in 2013: With an $1.012 trillion spending bill likely to make its debut any day in...
  • China Announces That It Is Going To Stop Stockpiling U.S. Dollars

    11/23/2013 7:25:46 AM PST · by IbJensen · 130 replies
    DC Clothesline ^ | 11/22/2013 | Michael Snyder
    China just dropped an absolute bombshell, but it was almost entirely ignored by the mainstream media in the United States. The central bank of China has decided that it is “no longer in China’s favor to accumulate foreign-exchange reserves”. During the third quarter of 2013, China’s foreign-exchange reserves were valued at approximately $3.66 trillion. And of course the biggest chunk of that was made up of U.S. dollars. For years, China has been accumulating dollars and working hard to keep the value of the dollar up and the value of the yuan down. One of the goals has been to...
  • Read it here first, Rubio's Folly: It’s not what the senator promised, but he’s defending it anyway.

    05/07/2013 8:15:48 AM PDT · by National Review
    National Review ^ | May 7, 2013 | National Review
    Calculating the Cost of Amnesty By The Editors The Heritage Foundation has undertaken to back a plausible theory with numbers. The theory is that the amnesty contained in the immigration bill before Congress will cost taxpayers plenty; it is plausible because we have a large redistributive state, and many of the illegal immigrants to whom this bill will grant legal status — and the relatives their legal status will allow them to bring here — will be net recipients of government benefits.
  • ObamaCare for Everyone Except Obama’s Appointees

    03/08/2013 1:57:17 PM PST · by IbJensen · 8 replies
    American Spectator ^ | 3/8/2013 | Doug Bandow
    <p>Even the people set to serve in Barack Obama’s cabinet apparently don’t like ObamaCare.</p> <p>It’s a bit like the old Democratic congressiona trick of not applying new regulations to Congress. Too expensive, of course!</p> <p>It turns out that President Barack Obama’s supporters—at least those rich or important or influential enough to serve in his Cabinet—apparently don’t much like ObamaCare. Too expensive, of course!</p>
  • Amnesty “Absolutely” Must Be Part of Immigration Reform, Says Senator Who Had Illegal Intern

    01/28/2013 5:11:12 PM PST · by Olog-hai · 16 replies
    Cybercast News Service ^ | January 28, 2013 | Matt Cover
    Sen. Robert Menendez (D-N.J.) said that some kind of pathway to citizenship “absolutely” must be part of immigration reform. Immigration officials arrested an illegal immigrant and convicted sex offender interning for Sen. Menendez in December. “Absolutely,” Menendez said on ABC’s “This Week” on Sunday, when asked if a pathway to citizenship was necessary. “Latino voters in—first of all, Americans support it in poll after poll. Secondly, Latino voters expect it. Thirdly, Democrats want it. And fourth, Republicans need it.” …
  • U.S. Government Lends $105M to Brazil—to Build Aquarium

    12/07/2012 6:36:29 PM PST · by opentalk · 18 replies
    Cybercast News Service ^ | December 7, 2012 | Terence P. Jeffrey
    The U.S. Export-Import Bank,an agency of the federal government,is lending $105 million to the Brazilian state of Ceara to help build an aquarium in its capital city of Fortaleza. “An anticipated tourist attraction,the aquarium will boast four floors housing 25 large tanks containing approximately 15 million liters of water and showcasing 500 marine species and 35,000 individual specimens,” the Export- Import Bank said in a press release. “The aquarium will also feature interactive exhibits,two 4D cinemas,one 3D cinema, and an educational platform
  • Texas Anti-Obama Billboard: Bankrupt America Yes We Can!

    08/20/2012 7:28:47 AM PDT · by davidbellow · 16 replies
    Texas Conservative Republican News ^ | 8/20/2012 | David Bellow
    A friend of mine was driving through Temple, TX when he snapped this picture of a large billboard by the highway. The billboard had a picture of President Obama and it had a simple, clear message: Bankrupt America YES WE CAN!
  • Hoping for just a little change, 200, 000 bankruptcy filers are paying with their tax refunds

    04/17/2012 10:39:57 AM PDT · by IbJensen · 6 replies
    Coach Is Right ^ | 4/17/2012 | Kevin 'Coach' Collins
    Bled white and destroyed by Barack Obama’s “hope and change” hundreds of thousands of Americans have been forced to use tax refunds to pay the filing costs of their bankruptcies. The National Bureau of Economic Research (NBER) reports that bankruptcy lawyers have seen an increase in personal bankruptcies filings which follow this pattern: many clients are filing bankruptcy soon after receiving their tax refunds. This has been especially true since a law passed in 2005 made bankruptcy more costly and more difficult. For some people, in Barack Obama’s upside down America as fast as money comes in it goes to...
  • Obama Budget Underestimates Deficit Over 10 Years, CBO Says (By $1.2 Trillion)

    03/05/2010 2:53:56 PM PST · by mojito · 17 replies · 656+ views
    BusinessWeek ^ | 3/5/2010 | Brian Faler
    President Barack Obama’s budget proposal would generate bigger deficits than advertised each year for the next decade, with the 10-year shortfall totaling $1.2 trillion more than the administration estimated, according to the Congressional Budget Office. The nonpartisan CBO, in an annual analysis of the White House budget proposal, said today that under Obama’s plan deficits would never shrink below 4 percent of the economy between now and 2020. The cumulative deficits would total $9.76 trillion, and debt held by the public would amount to 90 percent of the nation’s gross domestic product by 2020, the CBO said. By 2020, the...
  • Ben Nelson: Health Care "Sweetheart Deal" Not Meant Just for Nebraska

    01/11/2010 9:34:46 PM PST · by bushwon · 16 replies · 748+ views
    CBS News Blog ^ | 01/08/2010 | Stephanie Condon
    Sen. Ben Nelson (D-Neb.) now says he never intended to give his state special treatment in the Democrats' health care legislation. The moderate Democrat has been roundly criticized for a so-called "sweetheart deal" he struck with Democratic leaders in return for his support of the bill. In the deal, any expansion of Medicaid in the state of Nebraska would be paid for completely with federal funds, while other states would have to dip into their state budgets to meet the required expansion. Republicans called it the "cornhusker kickback." Now as Democrats in the House and the Senate work to merge...
  • Social Security strained by early retirements

    09/27/2009 9:16:38 AM PDT · by Nachum · 70 replies · 3,668+ views
    Yahoo ^ | 9/27/09 | STEPHEN OHLEMACHER,
    WASHINGTON – Big job losses and a spike in early retirement claims from laid-off seniors will force Social Security to pay out more in benefits than it collects in taxes the next two years, the first time that's happened since the 1980s. The deficits — $10 billion in 2010 and $9 billion in 2011 — won't affect payments to retirees because Social Security has accumulated surpluses from previous years totaling $2.5 trillion. But they will add to the overall federal deficit.
  • Obama's Policies Would Redistribute Nearly $1 Trillion in Wealth Every Year

    09/24/2009 4:39:47 AM PDT · by IbJensen · 13 replies · 1,051+ views
    CNS News ^ | 9/24/2009 | Staff
    CNSNews.com) - By 2012, nearly $1 trillion from the top 30 percent of American families will be redistributed among the bottom 70 percent if Obama’s proposals on taxes, health care, and climate change become law, according to the Tax Foundation. “Even if none of Obama’s policies becomes law, the extent of income redistribution is remarkable,” Scott Hodge, president of the nonpartisan, nonprofit organization, said. “The top-earning 40 percent of families will transfer $826 billion to the bottom 60 percent in 2012.” Under the Obama plan, 70 percent of American families as a group -- those earning less than $109,460 --...
  • Obama Calls for Universal Health Care

    01/25/2007 8:38:25 AM PST · by Sybeck1 · 188 replies · 5,165+ views
    Associated Press ^ | 1/25/07 | NEDRA PICKLER
    WASHINGTON (AP) -- Every American should have health care coverage within six years, Democratic Sen. Barack Obama said Thursday as he set an ambitious goal soon after jumping into the 2008 presidential race. "The time has come for universal health care in America," Obama said at a conference of Families USA, a health care advocacy group. "I am absolutely determined that by the end of the first term of the next president, we should have universal health care in this country," the Illinois senator said. Obama was previewing what is shaping up to be a theme of the 2008 Democratic...