President Obama's appointment of Council on Foreign Relations (CFR) members and pro-abortion advocates to his new Global Development Council leaves little doubt that it will push population control and redistribution.
The latest report on the financial condition of Social Security from the Congressional Budget Office hides an important fact: the Disability Insurance program will be exhausted in 2016 so that its benefits will have to be paid from other funds, depleting them much more rapidly than estimated.
Leaders of European Union nations met for a two-day summit in Brussels on February 7, in an attempt to reach a seven-year spending agreement.
Tyrone Freeman, appointed head of a California chapter of the Service Employees International Union by SEIU's national president Andrew Stern, will go to prison for a very long time for his embezzlement of union funds. His boss, on the other hand, is part of Obama's inner circle and will escape punishment of any kind.
As the Obama administration and Congress continue to rack up trillions of dollars in debt while the Federal Reserve conjures ever-greater sums of fiat currency into existence out of thin air, lawmakers in Texas have officially become the latest policymakers to openly explore the potential consequences. Legislation filed recently in the Lone Star State would, among other points, require a study on the effects of having to become partially or completely independent of the federal government in case Washington, D.C., is unable to function due to financial chaos.
As ObamaCare continues to be implemented, a number of new and surprising cost increases are being revealed in areas where consumers least expect it. According to Fox News, a provision in the healthcare law requires supermarket owners to add special labels to food, a requirement that would “overburden thousands of grocers and convenience store owners.”
The U.S. Postal Service has announced its latest cost-cutting move, saying it plans to drop Saturday mail delivery in August 2013.
On its face the latest report from the Congressional Budget Office is gloomy enough, but careful sifting through it reveals excessive optimism that its predictions cannot hide: rising interest rates, increased healthcare costs thanks to ObamaCare, and the inevitable march of demographics and the aging Baby Boomers.
A market economy with many competitors has incentives and constraints that are the opposite of those in a government monopoly.
Capital appreciation bonds, when combined with economic ignorance and political expediency, make up a toxic brew that is likely to explode long before they come due.