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Keyword: obamataxhikes

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  • So whatever happened to the deficit?

    07/19/2014 5:47:48 AM PDT · by Citizen Zed · 23 replies
    Washington Post ^ | 7-19-2014 | Al Kamen
    Not so long ago the federal deficit was projected to destroy the country, our children’s future and just about everything else. Budget battles shut down the entire government for a couple weeks. How times change. A count by our colleague Alice Crites illustrates how the issue gained media traction – - especially after the Bush/Obama stimulus packages to mitigate Bush’s Great Recession – and how much it’s faded from the front pages. So what happened? Simple answer, of course, is that the deficit is way down and, for now, no longer a big problem.
  • Carson on ‘Sluggish’ U.S. Economy: ‘We Have Asinine Economic Policies’

    05/28/2014 5:55:01 PM PDT · by Nachum · 12 replies
    Penny Starr ^ | 5/28/14
    (CNSNews.com) – Author and retired pediatric neurosurgeon Ben Carson said at a National Press Club luncheon that the reason for the “sluggish growth” of the U.S. economy is because of bad policy. “And why do we have such sluggish growth?” Carson said on Wednesday in Washington, D.C. “Because we have asinine economic policies.” Carson, who gained a following after remarks he made about the “moral decline” of the nation in a speech at the 2013 National Prayer Breakfast, told an appreciative audience that they should think about that fact concerning the economy.
  • Gas Price Record Worsens: 1,245 Days above $3 a Gallon

    05/22/2014 1:34:55 PM PDT · by Olog-hai · 41 replies
    Cybercast News Service ^ | Julia Seymour
    Memorial Day weekend drivers will continue to take a hit as gasoline prices remain high. May 20 marks the 1,245th straight day that the national average for a gallon of regular gasoline costs more than $3 a gallon, according to AAA data. That’s nearly three-and-a-half years above $3 a gallon.
  • 92,594,000: Americans Not in Labor Force Hits All-Time Record; Participation Rate 36-Year Low

    05/05/2014 8:05:29 AM PDT · by xzins · 35 replies
    CNS News ^ | May 2, 2014 | Terence P. Jeffrey
    A record 92,594,000 Americans were not in the labor force in April as the labor force participation rate matched a 36-year low of 62.8 percent, according to data released today by the Bureau of Labor Statistics. In March, according to BLS's non-seasonally adjusted data, there were 91,630,000 Americans not in the labor force. In April, that increased by 964,000 people to an all-time record of 92,594,000. The previous record was 92,534,000, set in January of this year. The BLS's seasonally-adjusted number for people not in the labor force--which was 92,018,00 for April--was also an all-time record. This was up 988,000...
  • U.S. economy slows to stall-speed (0.1% in Q1....any slower and we are contracting)

    04/30/2014 3:46:15 PM PDT · by Red in Blue PA · 45 replies
    The U.S. economy stalled in the first three months of 2014, but don't panic yet as it's probably just the winter weather effect. Gross domestic product, the broadest measure of economic activity, grew at a 0.1% annual pace in the first quarter, the U.S. Bureau of Economic Analysis reported Wednesday. That's brutally slow, even by sluggish post-recession standards. Since the Great Recession ended in June 2009, the economy has been growing at a rate of about 2% to 3% per year.
  • One-Tenth of 1% Economic Growth!

    04/30/2014 5:15:50 PM PDT · by Kaslin · 26 replies
    Rush Limbaugh.com ^ | April 30, 2014 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH:  One-tenth of 1%.  One-tenth of 1%!  Let me say it again.  One-tenth of 1%.  That's first quarter economic growth, and the Regime is blaming the cold weather.  I thought it was supposed to be global warming.  That was the reason for the cold weather.  Now the cold weather, which, because of global warming, is what the Regime is using to explain economic growth.  One-tenth of 1%.  Ladies and gentlemen, the ChiComs have overtaken us.  The ChiComs are the world's biggest economy, a communist country.  I warned everybody about this March the 4th of last year, this McKinsey...
  • White House Wants to Lift Ban on Interstate Tolls

    04/29/2014 6:24:18 PM PDT · by Nachum · 95 replies
    New York Times ^ | 4/29/14 | Ron Nixon
    Washington - Drivers on the nation’s Interstates could soon be paying more to travel. A transportation proposal sent to Congress by the Obama administration on Tuesday would remove a prohibition on tolls for existing Interstate highways, clearing the way for states to raise revenue on roads that drivers currently use at no cost. Congress banned tolls on Interstates in 1956 when it created the national highway system under President Dwight D. Eisenhower. The administration said lifting the toll ban would help address a shortfall in funding to pay for highway repairs. The tolls, along with other changes, could provide an
  • Wayne LaPierre: You Know The National Media Is Lying When They Call Themselves Journalists

    04/25/2014 7:06:02 PM PDT · by Red Steel · 9 replies
    NRO ^ | April 25, 2014 1:27 PM | Geraghty
    National Rifle Association Executive Vice President Wayne LaPierre, now speaking to the NRA Annual Meeting’s Leadership Forum, held at the Lucas Oil Stadium: “One hundred million gun owners will not back down, not now, not ever. Freedom has never needed our defense more than now.” “The core values that we believe in the things we care about most are changing and eroding: our right to speak, our right to gather, our right to work, our right to practice our religion and raise our family and protect them they see fit. Those aren’t old values or new values. They are core...
  • White House 'taxpayer receipt' shows 25% of income taxes go to health care

    04/25/2014 2:45:30 AM PDT · by SunkenCiv · 15 replies
    Washington Examiner ^ | April 15, Tax Day 2014 | Paul Bedard
    As a thank you for paying taxes today, the White House has written up a “2013 Federal Taxpayer Receipt” that shows most income tax, 25.19 percent, goes to health related areas, after accounting for Medicare and Social Security. “Want to know how your federal taxes are spent? President Obama is keeping his promise to make sure Americans like you can easily see what you're getting for your taxes,” said an email from the White House. The email notes that payroll taxes for Social Security tops Uncle Sam's take. They also break out Medicare separately from income tax expenditures. Users can...
  • 5 Scandalous Obamacare Horror Stories

    10/19/2013 3:51:29 AM PDT · by Kaslin · 23 replies
    Townhall.com ^ | October 19, 2013 | John Hawkins
    Obamacare is hurting people. A lot of people -- and not just the ones who are wasting all day trying and failing to sign up for the dysfunctional 600 million dollar website. Millions of Americans are losing their insurance, losing their doctors, and taking huge hits to their wallets because of Obamacare. Here are some of their stories... 1) Man with leukemia loses his health insurance: Michael Cerpok is a high school drop-out, one of six kids born to a school teacher, and doesn't come from a wealthy family. He has run two businesses for more than 25 years and...
  • Flex spending accounts face hit in health overhaul(aka possible new Tax)

    11/01/2009 8:18:32 AM PST · by janetjanet998 · 32 replies · 1,339+ views
    WASHINGTON – Those tax-free spending accounts that you and your co-workers use to help pay for dental work, insurance copayments or over-the-counter drugs face a hit under the health overhaul bills in Congress — unless a coalition that includes a powerful union, insurers and others can stop it. Bills in the House and Senate would cap at $2,500 an employee's allowable annual contribution to a health care flexible spending account. There is no federal cap on contributions now, though companies that offer the accounts — more than 80 percent of companies employing 500 or more workers do — typically impose...
  • IRS: Cheapest Obamacare Plan Will Be $20,000 Per Family

    01/31/2013 2:43:47 PM PST · by rhema · 250 replies
    CNS News ^ | January 31, 2013 | Matt Cover
    In a final regulation issued Wednesday, the Internal Revenue Service (IRS) assumed that under Obamacare the cheapest health insurance plan available in 2016 for a family will cost $20,000 for the year. Under Obamacare, Americans will be required to buy health insurance or pay a penalty to the IRS. The IRS's assumption that the cheapest plan for family of five will cost $20,000 per year is found in examples the IRS gives to help people understand how to calculate the penalty they will need to pay the government if they do not buy a mandated health plan. “The annual national...
  • Health Reform Breaks Bad: The deceptions and disasters of Obamacare

    10/13/2013 11:58:48 PM PDT · by 2ndDivisionVet · 15 replies
    The Weekly Standard ^ | October 21 - October 28, 2013, Vol. 19, No. 07 | Christopher J. Conover
    Breaking Bad is the story of a seemingly well-intended but very misguided man who turned to cooking meth in order to amass enough wealth to provide for his family once he dies of cancer. The consequences of that unfortunate decision—not to mention the lies and deceptions to keep it on track—pyramid alarmingly over the course of five seasons, culminating in mayhem and a head-spinning body count. Obamacare isn’t a TV drama. But it will unleash its own tsunami of unintended consequences: more than a million jobs lost, an economy increasingly made up of part-time workers, higher health spending (at least...
  • How Obamacare Will Shrink the Labor Supply (freeloaders jazzed)

    10/14/2013 2:38:30 PM PDT · by Libloather · 4 replies
    National Review ^ | 10/14/13 | Veronique de Rugy
    Under the Affordable Care Act, someone making less than 138 percent of the poverty line qualifies for Medicaid, and someone between 138 and 400 percent of the poverty line is qualified to receive a federal tax subsidy for health insurance bought on a government exchange. But here is the problem: premiums will rise for millions of Americans because of requirements that policies provide certain benefits that they didn’t offer before. This means plenty of people will now have a pricier plan, and no way to defray the cost. My colleague Chuck Blahous sends me this piece from SFGate that gives...
  • ObaMedia: Health Insurance You Earn Is A "Tax Break"

    06/11/2009 10:36:20 AM PDT · by an amused spectator · 28 replies · 1,460+ views
    June 11, 2009 | various Obama Media sources
    Obama's Big Media mouthpieces are promoting the Dear Leader's latest talking point on Health Care: "Tax-free" health benefits from employers are actually a "tax break", and as such can be rescinded by The Leader and His Righteous Coven in the Congress.USA Today's Obama media sock puppet Richard Wolf "reports" in today's online rag:Lawmakers target health insurance tax break Congressscum appear to be ready to do a wilding on the health care you earned.
  • Guess Who Really Pays the Taxes By Stephen Moore

    01/01/2008 11:17:41 AM PST · by K-oneTexas · 37 replies · 1,005+ views
    The American ^ | November/December 2007 | Stephen Moore
    Guess Who Really Pays the Taxes By Stephen Moore From the November/December 2007 Issue Yes, income in America is skewed toward the rich. But taxes are skewed far, far more. The top 5 percent pay well over half the income taxes. STEPHEN MOORE has the numbers. 1. Are income taxes fair?That depends on who is offering the opinion. Democratic candidates for president certainly don’t think so. John Edwards has said, “It’s time to restore fairness to a tax code that has been driven badly out of whack.” Hillary Clinton laments that “middle-class and working families are paying a much higher percentage...
  • (Democratic) Older hill aides shocked by Obamacare prices [Waah alert!]

    11/21/2013 6:01:22 PM PST · by markomalley · 52 replies
    Politico ^ | 11/21/2013 | Jonathan Allen and Jennifer Haberkorn
    Veteran House Democratic aides are sick over the insurance prices they’ll pay under Obamacare, and they’re scrambling to find a cure.“In a shock to the system, the older staff in my office (folks over 59) have now found out their personal health insurance costs (even with the government contribution) have gone up 3-4 times what they were paying before,” Minh Ta, chief of staff to Rep. Gwen Moore (D-Wis.), wrote to fellow Democratic chiefs of staff in an email message obtained by POLITICO. “Simply unacceptable.”In the email, Ta noted that older congressional staffs may leave their jobs because of the...
  • Republicans: Wealthy Already Paying Their Fair Share On Income Taxes (CT battle over tax increase)

    07/27/2009 5:32:36 AM PDT · by raybbr · 17 replies · 456+ views
    Courant.com ^ | 7/27/2009 | By CHRISTOPHER KEATING
    Frustrated Democrats have been asking the same question for months: When are the rich going to pay their fair share? State employee unions are also asking — broadcasting television commercials depicting wealthy fat-cats smoking cigars and brandishing brandy snifters as Republican Gov. M. Jodi Rell has avoided tax increases on the rich and corporations. The unions have spent about $400,000 since February on radio, television and cable advertisements in their campaign for tax fairness. But Sen. L. Scott Frantz, R-Greenwich, says the rich are already paying their fair share. In fact, Greenwich paid more than 14 percent of the state's...
  • Another Obama Tax Hike [Obama favors 41% marginal tax rate for middle class]

    02/04/2010 4:51:56 AM PST · by grundle · 41 replies · 2,439+ views
    Wall St. Journal ^ | February 3, 2010 | Douglas Holtz-Eakin and Alex Brill
    The Senate health-care bill would raise effective marginal tax rates on lower and middle-income singles and families up to 41%. The effective marginal tax rate is the answer to the question: "If I earn $1 more, how much less than $1 do I get to save or spend?" If you can keep that full dollar for your disposal, the effective marginal tax rate is zero. If earning another dollar does not raise your disposable income by even a penny, the effective marginal tax rate is 100 percent. Consider, then, the figure below constructed for a two-earner family with two school-age...
  • Yes, We Can Afford Higher Taxes—Here's Why

    10/25/2012 6:34:29 AM PDT · by Sir Napsalot · 23 replies
    The Atlantic ^ | 10-24-2012 | James Kwak
    .... The huge tax cuts passed under Presidents Reagan and Bush II (surrounding smaller tax increases under Bush I and Clinton), in the short term, contributed to the largest budget deficits in peacetime U.S. history. In the long term, they undermined the federal government's ability to pay for the social insurance programs that make up the largest part of the federal budget: Social Security, Medicare, and Medicaid. But the most remarkable victory of the conservative revolution has been taking tax increases off the policy table, to the point where even letting tax cuts for the very rich expire as scheduled...
  • Tax Loopholes Need To Be Closed [ Ok! Close All Loopholes- GO FLAT TAX! ]

    07/15/2011 4:03:09 PM PDT · by NoLibZone · 23 replies
    post-journal.com ^ | July 15 2011 | /post-journal.com
    A term new to most Americans, "tax expenditures," is being bandied about in Washington as Congress and President Barack Obama discuss ways to bring the federal budget closer to balance. In many discussions it is used interchangeably with a more familiar word, "loopholes." President Obama has been gaining a certain amount of political traction by urging elimination of many loopholes. He and liberals in Congress prefer to focus attention on tax breaks for big corporations and "the rich." That last needs to be qualified by noting that under one of the president's proposals, families earning $250,000 or more a year...
  • Health Reform Threatened by Conservatives' Anti-Tax Fantasy (Washington Post editorial)

    07/29/2009 9:14:22 AM PDT · by SeekAndFind · 22 replies · 625+ views
    Washington comPost ^ | 7/29/2009 | Steven Pearlstein
    Nothing has been more damaging to rational discourse about economic policy than the notion, peddled relentlessly by Republican conservatives and accepted by too many centrist Democrats, that raising taxes is always and everywhere bad for the economy. Mind you, there's very little evidence supporting this view -- it's an article of faith and a convenient way for politicians to pander to their constituents. Reality is a whole lot more complicated. The economic impact of a given tax increase can be positive or negative, depending on who is taxed, how the tax is structured and how the tax revenue is used....
  • How To Undo The Failure Of Obamanomics — Big Tax Cuts

    02/28/2014 12:11:39 PM PST · by Jim Robinson · 18 replies
    IBD ^ | 2/27/2014 | IBD Editorial
    Fiscal Policy: President Obama is putting all his political chips on raising the minimum wage to 10.10 an hour, but so far that issue isn't gaining much political traction. The 500,000 job losses confirmed last week by the Congressional Budget Office certainly were a mortal wound to the legislative push — as well they should be when we have nearly 20 million Americans already unemployed or underemployed. But most Americans have a much bigger concern than raising the minimum wage. Only about 5% of workers make that little (the average is well above $20 an hour), and most receiving the...
  • The Hidden Impact of Obamacare and the Economy

    12/23/2013 7:26:35 AM PST · by LucianOfSamasota · 40 replies
    The Fiscal Times ^ | December 22, 2013 | Jacqueline Leo
    Obamacare has delivered another sucker punch to the middle class. This time it’s sticker shock. Now that a few people can get past the tech problems of HealthCare.gov and actually see the real cost of insurance plans available, they are finding that Affordable Care is big hit to the family budget. And when the family budget gets hit in the solar plexus, guess what happens to consumer spending and the economy. In California, policies for about 900,000 Californians are being canceled because of Obamacare’s mandates and about 2/3rd of these do not qualify for subsidies, according to The Chicago Tribune....
  • Section 9002 of the Healthcare bill raises your reported gross income liability (Vanity)

    03/30/2010 3:01:18 PM PDT · by Sneakyuser · 15 replies · 1,853+ views
    Example: You receive $5000.00 in medical insurance from your employer. At a 25% tax rate you will owe an additional $1250.00 in taxes.
  • The Hidden Obamacare Taxes That Will Crush The Middle Class(news 4 those who chose not to read bill)

    11/14/2013 11:06:18 AM PST · by bestintxas · 31 replies
    moneymorning ^ | 11/14/13
    Get ready to be blindsided by a barrage of new taxes. $1 trillion worth... They'll be coming courtesy of the Affordable Care Act, otherwise known as Obamacare. And they won't just be affecting those who make over $250,000. The bulk of these taxes will be passed on directly to the middle class. That's because while a majority of these "stealth taxes" were designed to be taxes on businesses, they're actually transferred directly to ordinary citizens. They include the investment income surtax, a Medicare payroll tax, even a "tanning tax" on those who utilize indoor tanning services. "Many of those [hidden]...
  • Thanks Obama! Care- Now with 25% Fewer Jobs!

    02/05/2014 5:23:35 AM PST · by Kaslin · 10 replies
    Townhall.com ^ | February 5, 2014 | John Ransom
    The Congressional Budget Office just confessed that the healthcare law passed by Democrats and only Democrats in 2010—you know the one that was supposed to save us so much money?-- is really a dud, a job killer, as we have said all along. And the consequences aren’t just that some guy you don’t know won’t have a job, the consequences are that guys you DO know won’t have jobs, and --in the best case—your tax bill will go up accordingly. The reform package, derisively known as Obamacare, is going to cost the country an additional 2 million jobs by 2017...
  • Obamacare's average monthly cost across U.S.: $328

    09/25/2013 7:03:21 AM PDT · by Idaho_Cowboy · 56 replies
    Yahoo News ^ | September 25, 2013 | Caroline Humer
    Americans will pay an average premium of $328 monthly for a mid-tier health insurance plan when the Obamacare health exchanges open for enrollment next week, and most will qualify for government subsidies to lower that price, the Obama administration said on Wednesday. The figure, based on data for approved insurance plans in 48 states, represents the broadest national estimate for how much Americans will pay for health coverage under President Barack Obama's healthcare reform law next year. The prices of the new plans are at the heart of a political debate over whether they will be affordable enough to attract...
  • Health care costsare going up 72% (IN)

    07/31/2013 8:16:45 AM PDT · by digger48 · 6 replies
    Kokomo Tribune ^ | July 31, 2013 | Stephen W. Robertson
    When Indiana recently announced that individual health insurance costs in Indiana will rise 72 percent on average because of new Affordable Care Act requirements, an immediate outcry followed from some ACA supporters, who accused the Department of Insurance of misrepresenting these numbers in a deliberate attempt to mislead Hoosiers. The DOI provided a lengthy testimony about these numbers before the Indiana Health Finance Commission on July 22, and the DOI stands by its numbers. The fact remains that the Indiana individual health insurance market will see significant increases next year because of ACA. The following is some background about how...
  • New Obamacare fees coming in 2014

    12/26/2013 9:02:28 PM PST · by Innovative · 30 replies
    NY Post ^ | Dec 25, 2013 | S.A. Miller and Geoff Earle
    Here comes the ObamaCare tax bill. The cost of President Obama’s massive health-care law will hit Americans in 2014 as new taxes pile up on their insurance premiums and on their income-tax bills. But one insurance company, Blue Cross Blue Shield of Alabama, laid bare the taxes on its bills with a separate line item for “Affordable Care Act Fees and Taxes.” Under ObamaCare, individual tax filers earning more than $200,000 and families earning more than $250,000 will pay an added 0.9 percent Medicare surtax on top of the existing 1.45 percent Medicare payroll tax. They’ll also pay an extra...
  • Hidden Obamacare taxes will appear on health insurance bills starting in 2014

    12/27/2013 3:46:16 AM PST · by afraidfortherepublic · 23 replies
    The Daily Mail ^ | 12-27-13 | Daily Mail Reporter
    New Obamacare taxes that were previously kept secret have been unveiled by outraged customers who feel betrayed. Residents in many states have yet to feel the change that will come when President Obama's signature health care program which will go into full effect in January. But Blue Cross Blue Shield subscribers in Alabama got a glimpse of the future when they received their latest bill which had a separate line spelling out how much extra they will have to pay as a result of national health insurance. A local paper, AL.com, obtained a picture from a reader who received a...
  • George W. Bush found the solution to America's healthcare crisis seven years ago. Nobody listened

    02/19/2014 6:52:22 PM PST · by SeekAndFind · 25 replies
    Politico Magazine ^ | 02/19/2014 | EDWARD LAZEAR
    The Congressional Budget Office’s warning that the Affordable Care Act will cause employment to fall by the equivalent of 2.5 million full-time workers is just the latest of Obamacare’s negative surprises. Unfortunately, House Minority Leader Nancy Pelosi’s statement that “we have to pass the bill so that you can find out what is in it” is proving to be depressingly accurate. The law’s defenders legitimately argue that it is not sufficient merely to criticize the Affordable Care Act; responsible action requires proposing an alternative. Fortunately, Republicans have a good one, and it’s been hiding in plain sight for the past...
  • Health-Care Bill Would Increase Taxes On Wages, Investments

    03/19/2010 9:42:11 AM PDT · by SmartInsight · 54 replies · 2,966+ views
    CNBC ^ | March 19, 2010 | AP
    High-income families would be hit with a tax increase on wages and a new levy on investments under President Barack Obama's health care overhaul bill. For the first time, the Medicare payroll tax would be applied to investment income, beginning in 2013. A new 3.8 percent tax would be imposed on interest, dividends, capital gains and other investment income for individuals making more than $200,000 a year and couples making more than $250,000. The bill also would increase the Medicare payroll tax by 0.9 percentage point to 2.35 percent on wages above $200,000 for individuals and $250,000 for married couples...
  • ObamaCare: Older Workers Could Pay 25% Of Income

    12/26/2013 6:38:57 PM PST · by Innovative · 45 replies
    Investor's Business Daily ^ | Dec 26, 2013 | JED GRAHAM
    A primary rationale of ObamaCare's insurance reforms limiting age-rating and precluding pricing based on health status has been to ensure that people will be able to afford health coverage when they need it most. An IBD analysis finds that middle-class households in their late 50s and early 60s could spend 25% or more of their income on health care — before their deductible is exhausted and ObamaCare's benefits kick in. Covered California's shop-and-compare tool shows that a 58-year-old couple in Los Angeles County with $65,000 in income buying a bronze plan would have to spend $19,400, including $9,400 in premiums...
  • Obama Calls for Highest Sustained Taxation in U.S. History

    04/21/2014 7:43:54 PM PDT · by E. Pluribus Unum · 20 replies
    CNS News ^ | April 21, 2014 | Terence P. Jeffrey
    In the budget proposal he presented to Congress last month, President Barack Obama called for what would be the highest level of sustained taxation ever imposed on the American people, according to the analysis published last week by the Congressional Budget Office. Under Obama’s proposal, taxes would rise from 17.6 percent of Gross Domestic Product in 2014 to 19.2 percent in 2024. During the ten years from 2015 to 2024, federal taxation would average 18.7 percent GDP.America has never been subjected to a ten-year stretch of taxation at that level. In the twelve fiscal years preceding the Japanese attack on...
  • Both at Home and Abroad, Obama’s Presidency is Floundering

    04/20/2014 8:40:44 AM PDT · by Cheerio · 41 replies
    Town Hall ^ | Apr 19, 2014 | Donald Lambro
    WASHINGTON -- Barack Obama is getting a number of critical report cards on his foreign and domestic policies lately. Here at home, Janet Yellen, in her first monetary policy address as the head of the Federal Reserve Board, said the labor markets were still weak, and that it will likely take two years or more before the U.S. fully recovers from its recession. Ouch. If Yellen's forecast proves right, this means it will have taken Obama's administration nearly eight years to lift our economy out of its long and painful lethargy.
  • Casualty of Coal: One of Two Major Coal-Fired Electric Plants to Close

    04/17/2014 5:41:07 AM PDT · by Phillyred · 23 replies
    SHAMOKIN DAN — The plant in Shamokin Dam once produced enough electricity to power a city three times the size of Scranton. It is 65 years old, but few here thought the facility known as the Sunbury Steam Plant would be forced into retirement. “It’s sad to see it close down,” said Robert Hoffman of Sunbury. “The plant`s been there since I can remember. As a matter of fact when i was in high school we toured that plant.” “Since they put stack reclaimers on it, its been a fairly clean plant,” added Ed Quiggle of Shamokin Dam Sunbury Generation...
  • The Recovery is Dead

    04/17/2014 5:45:26 AM PDT · by Kaslin · 45 replies
    Townhall.com ^ | April 17, 2014 | John Ransom
    There’s a damning number regarding our economy that Obama doesn’t want to talk about. It’s a number, but for him, would be lower. And, lower, in this case would be a good thing for the economy. “Although estimates vary,” says Joel Kurtzman, a senior fellow at the Milliken Institute, “American companies have between $4 and $5 trillion in liquid assets, a sum greater than the size of the German economy.” How is it that companies can now have more cash than anytime in history, while unemployment remains so high, inflation in many goods so low, and national income grows so...
  • National School Lunch Program Embarrassment Continues

    04/13/2014 1:03:17 PM PDT · by neverdem · 29 replies
    Reason ^ | April 12, 2014 | Baylen Linnekin
    The USDA has managed to make school lunches stink even more. So why does the government continue?>School lunches still stink. But now unprecedented numbers of students are refusing to eat them.Last month I noted that a GAO report had found that last school year's disastrous rollout of the updated USDA National School Lunch Program helped drive 1.6 million paying students from the lunch rolls. The new rules led some schools to abandon the program, as I reported in 2012. What's more, the new rules, championed by First Lady Michelle Obama, have also resulted in unprecedented mountains of food waste.As I...
  • RECORD-HIGH 60% OF CALIFORNIANS SAY THEY PAY TOO MUCH TAX

    04/13/2014 1:28:04 PM PDT · by Beave Meister · 22 replies
    Breitbart ^ | 4/13/2014 | JOEL B. POLLAK
    Ahead of the April 15 tax deadline, a record-high 60% of Californians say that they pay "much more" or "somewhat more" in taxes than they should, according to a recent survey by the Public Policy Institute of California (PPIC) (and noted by John Seiler of Calwatchdog.org and Stephen Frank of CApoliticalnews.com). However, as PPIC Mark Baldassare notes at Fox&Hounds, Californians still believe that the answer is to tax wealthy earners or corporations more--not to reform and broaden the current tax system. The PPIC survey, which was conducted in March among 1,702 adults, notes: While about half of Californians view the...
  • Jobs recovery killing entrepreneurial spirit [CNN Fantasy, There is no recovery]

    04/09/2014 5:39:28 AM PDT · by SoFloFreeper · 11 replies
    CNN ^ | 4/9/14
    NEW YORK (CNNMoney) As more and more Americans find jobs, it's having a chilling effect on potential new entrepreneurs, according to a new industry report. Last year, 476,000 new businesses were created each month, mostly in the construction and services industries.... That's down 7% from 2012, when 514,000 new businesses were being created monthly....
  • Democrats hope equal pay issue will mobilize women voters

    04/08/2014 3:35:40 PM PDT · by Oldeconomybuyer · 12 replies
    Sacramento Bee ^ | April 8, 2014 | By Lindsay Wise and David Lightman
    A Democratic blitz this week for new orders and laws promising equal pay for women is a key agenda item the party hopes will boost turnout this fall among its most loyal voters. President Barack Obama signed two executive actions, which will bar federal contractors from retaliating against employees for comparing salaries and require contractors to report compensation data to the government by gender and race. A McClatchy analysis in January found that women employees at the White House make 91 cents for every dollar men make. The female share of the federal workforce also has declined under Obama, while...
  • WH Demands 'Equal Pay for Women,' Pays Own Female Employees Less Than Men

    04/08/2014 9:57:51 AM PDT · by Kaslin · 9 replies
    Townhall.com ^ | April 8, 2014 | Guy Benson
    Carney's points make sense, but don't those exact same arguments apply to the big, bad corporations Democrats are targeting? Of course they do. But that's not the point. As we discussed yesterday, Democrats are hoping to replicate their successful 2012 playbook by shifting voters' focus onto ancillary issues, and away from the political fundamentals. This week they're trotting out equal pay for women in an effort to underscore their "Republican war on women" meme. President Obama is signing two executive orders related to the issue today, while the Senate will debate the Paycheck Fairness Act: Obama's latest foray into the...
  • Why Obama’s Presidency Has to Be All About Race Now

    04/08/2014 11:05:01 AM PDT · by 2ndDivisionVet · 9 replies
    The Federalist ^ | April 8, 2014 | Robert Tracinski
    Barack Obama’s presidency is failing. Despite what he and his cheerleaders in the press think, he is still losing the argument over ObamaCare. The program has posted a few non-catastrophic enrollment numbers lately, but a lot of the public has already made up their minds. They never liked the program much to begin with, and now that they know what’s in it, they like it even less. The economic recovery, such as it is, continues to be slow, painful, and jobless. The president’s foreign policy is spinning out of control in all directions. So the left is doing what they...
  • Obama looks to close wage gap while paying female staffers less than men

    04/07/2014 7:40:13 AM PDT · by MeshugeMikey · 11 replies
    Daily Caller ^ | 04/06/2014 | Caroline May
    Despite advocates’ cheers about paycheck equity, the Obama White House has paid women less than men for years.
  • Democrats pray for economic spring

    04/05/2014 9:31:24 AM PDT · by mandaladon · 33 replies
    Politico ^ | 5 Apr 2014 | BEN WHITE
    This was supposed to be the year the U.S. economy would finally break out of the doldrums — the year it would deliver the kind of robust growth that could lift President Barack Obama’s dismal approval ratings and help Democrats avoid a shellacking in November. It now looks like that dream is fading fast. So far, it’s been easy to dismiss weak economic news as the result of an awful winter. But those excuses ended with Friday’s March jobs report, the first of spring, which showed a lower-than-expected gain of 192,000 — Wall Street traders were looking for something closer...
  • Yuk-Yuk… Obama Calls GOP Economic Plan a “Stinkburger” (Video)

    04/02/2014 4:51:36 PM PDT · by Nachum · 35 replies
    The Gateway Pundit ^ | 4/2/14 | Jim Hoft
    Classy. During a visit to the University of Michigan today, President Obama said that the GOP’s alternative ecoonomic plan was a “Stinkburger”.
  • Is this a last hurrah for the ol' greenback

    11/23/2005 5:46:13 PM PST · by Daralundy · 18 replies · 1,433+ views
    Telegraph ^ | November 24, 2005 | Ambrose Evans Pritchard
    The world's two richest men have both lost a slice of their fortunes this year betting against the dollar. Microsoft's Bill Gates said with fulminating certainty in Davos last January that it was time to "short" the greenback. "The ol' dollar is going down. It is a bit scary. We're in uncharted territory when the world's reserve currency has so much outstanding debt," he said. His friend Warren Buffet kept pace, switching $22billion (£13billion) of Berkshire Hathaway funds into foreign currencies. He said it pained him as an American, and broke the habits of a life-time. But a country living...
  • Buffett sees "long, deep" U.S. recession (Shut up already, Warren!)

    BERLIN (Reuters) - The United States is already in a recession and it will be longer as well as deeper than many people expect, U.S. investor Warren Buffett said in an interview published in German magazine Der Spiegel on Saturday. He said the United States was "already in recession" and added: "Perhaps not in the sense that economists would define it" with two consecutive quarters of negative growth. "But the people are already feeling the effects," said Buffett, the world's richest man. "It will be deeper and last longer than many think." But he said that won't stop him from...
  • Billionaire Warren Buffet Says U.S. Economy has "Fallen Off a Cliff" - Video 3/9/09

    03/09/2009 6:25:19 AM PDT · by Federalist Patriot · 15 replies · 974+ views
    Freedom's Lighthouse ^ | March 9, 2009 | BrianinMO
    Here is video of Billionaire Warren Buffet in an interview with CNBC today saying in an interview that the U.S. Economy has "fallen off a cliff." Buffet says he has seen more drastic changes in American consumers than at any time in his lifetime. He believes the fear Americans have has changed their spending habits, and that will not be altered quickly. Buffet said the core of the problem goes back to the belief that housing prices could only go up and never down, a belief he said everyone had - including himself. Buffet said this economic disaster will end,...