A sugar-coated analysis of the global economy released by the International Monetary Fund April 17 nevertheless contains dire warnings about a world in a looming global government bond crisis.
Defense Secretary Leon Panetta acknowledged Monday that his numerous flights home to California, which have cost taxpayers about $860,000, may have been a little excessive. Despite his purported regret, however, he indicated that his weekend trips — which have tallied to nearly 30 times since July — will not end. He told reporters that he is open to "alternatives here that I can look at, that might possibly be able to save funds and, at the same time, be able to fulfill my responsibilities not only to my job but to my family."
The U.S. General Services Administration official responsible for a $822,000 Las Vegas party on the tab of the U.S. taxpayer refused to answer any questions before the House Committee on Oversight and Government Reform April 16, followed by hand-wringing by former GSA head Martha Johnson. Hearings also revealed that the GSA employees may have stolen iPods purchased for an employee incentive program.
Campaigning to make economic “fairness” the central theme of his reelection campaign, President Obama on April 10 pitched his “Buffett Rule” tax hike to a student audience at Florida Atlantic University in Boca Raton.
The United States spends more on K-12 education than many other developed countries, but with results so poor that inadequate education threatens national security, according to a study sponsored by the New York-based Council on Foreign Relations.
Despite the fact that in 2011 President Barack Obama paid a lower tax rate than his secretary — the very circumstance Obama hopes to rectify with the so-called “Buffett Rule” — the President refuses to send one penny more than the law requires to the U.S. Treasury this year, his chief campaign strategist told Fox News Sunday.
Apparently the soaring national debt and the threat of a nuclear Iran are not enough to occupy the government's time, because the Obama administration is pushing to force Westchester County, N.Y., to create more low-income housing, in order to mix and match classes and races to fit the government's preconceptions.
Beacon Power, the beneficiary of the endless flow of taxpayer guarantees emanating from the Department of Energy, went into bankruptcy in just over two years, leaving lawyers from the Justice Department crying foul.
The Food Network broadcast a documentary “Hunger Hits Home” April 14 that exaggerated the level of childhood hunger in the United States by at least a factor of 20.
When Hostess Brands, maker of Wonder Bread, Twinkies, and Ding Dongs, declared bankruptcy on January 12, it said it can’t make interest payments on its $860 million of outstanding debt and make payments into its unions’ pension plans as well. So it stopped making the pension plan contributions.