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The U.S. Department of Agriculture (USDA) has been sponsoring a home loan program designed to help families with low incomes to buy homes in rural areas. Evidently, the program has been abused by some, including people who used the funds to acquire a tropical paradise home in Hawaii. Over 100(…)
The news often mentions celebrities and civil rights activists who are behind on their taxes or accused of evasion, but a new report proves problems occur within our own federal government, too. The IRS discovered that 312,000 current and former federal employees owe a total of $3.3 billion in unpaid(…)
The Government Accountability Office (GAO) has accused various federal agencies of paying workers on administrative leave a total of $3.1 billion over the last three years. The GAO says at least 363 workers took between one and three years off with pay during that time, and the 57,000 employees who(…)
In 2011, both political parties agreed that spending caps needed to be implemented to bring our nation back from the brink of financial disaster. Thus, the sequester laws of 2011 were passed. The current administration’s proposed budget for 2016, however, includes a request for $74 billion more than allowed by(…)
President Obama and his team recently released a budget proposal for 2016 that includes spending measures that would last until 2026. The proposal involves spending $50.3 trillion over the next decade, even though the government says it only expects to collect $44.7 trillion in taxes during that 10-year period. If(…)
The northeast U.S. recently experienced a snowstorm for the ages, and two New Jersey teens saw an opportunity to make some money by shoveling snow for their neighbors. Someone called the cops on the two boys and said they were “acting suspiciously.” Officers arrived to investigate, and determined that the boys(…)
One of the many controversial parts of President Obama’s budget for 2016 is the increase of capital gains taxes. If President Obama gets his way, all Americans will have the sliding scale of 15%-23.8% raised to a flat 28% capital gains tax. This tax increase is not just proposed for(…)
The U.S. Department of Labor made headlines recently with its report that the current unemployment level in our nation is a mere 5.6%. Unfortunately, the official unemployment rate as calculated by that department counts people who work odd jobs like cutting grass and selling trinkets online as employed people. Additionally,(…)
President Obama’s proposed budget for 2016 includes over 20 new tax increases and regulations that would cost American taxpayers $2 trillion over the next decade. If you feel that smaller government and lower taxes for job creators are good for the economy, please Like and Share this post.
Is there an economic recovery underway in the United States? A recent report published by the Government Accountability Office (GAO) and some mathematical interpretation of that report provides a window into the effects current U.S. fiscal policy has had on our economy: The GAO says the federal government is $18(…)
