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(…)
The Congressional Budget Office (CBO) is reporting that each U.S. taxpayer will be responsible for about $50,000 in Obamacare costs over the next decade, if the Affordable Care Act (ACA) stands as it is. If you believe that big government health care is NOT in the best interests of responsible(…)
The Congressional Budget Office (www.CBO.gov) has projected that the annual deficits of the United States will continue to grow until they exceed our nation’s gross domestic product (GDP) in or by the year 2040. If you believe that our elected leaders should be focusing on LOWERING our annual deficits instead of spending(…)
Despite rising national debt levels President Obama has just proposed a $4 trillion budget that the GOP has called a “pipe dream.” Perhaps Senate Majority Leader Mitch McConnell said it best: “President Obama promised… ‘ideas that are practical, not partisan. Unfortunately, what we saw this morning was another top-down, backward-looking(…)
President Obama delivered the annual State of the Union address last week, and talked at length about how he plans to improve our economy in 2015. However, President Obama failed to mention 5 major shortcomings in the economy, which we’ve listed below. 1. Participation in the labor force is currently at(…)
The U.S. Department of Commerce’s recently released first quarter fiscal year 2015 deficit report. Below are a few of the takeaways from that publication: In the first three months of fiscal year 2015 the government has spent $916 billion. This is 9% higher than the amount spent during the first(…)
The Mercatus Center at George Washington University has tallied the volume of improper government payouts during fiscal year 2013. An “improper” payment is one that violated federal rules or guidelines in some way. This includes: fraud clerical errors failure to receive paperwork confirming the legitimacy of the expenditure failure to document(…)
Yesterday, we discussed 12 of the most wasteful government expenditures in 2014. It involved waste from many corners of government, but one entity that escaped our roast was the Department of Homeland Security (DHS). Someone must have it out for the folks over at DHS because today it was revealed(…)
