Congressional Budget Office Director Doug Elmendorf testified on Wednesday before the House Budget Committee about the federal government’s “Long Term Budget Outlook.” His office just released its latest study which showed two scenarios: one bad, the other worse.
Words such as "autism" and "poor" are redefined in misleading ways to justify draining more money from the public in taxes, expanding the government, and allowing politicians to give handouts to people who are expected to vote for their reelection.
As the Greek economy descends into political and economic chaos, it's only natural for Americans to wonder how the United States can avoid such a catastrophe. Greece is descending into a debt vortex from borrowing too much, and can no longer keep up with domestic demands for social welfare payments.
On May 2, Jason Grotto of the Chicago Tribune penned his two-year experience in ferreting out how former Mayor Richard M. Daley and his friends were able to milk the city’s pension system for millions and hide it from public view for 20 years.
Wisconsin Governor Scott Walker has survived a recall effort by angry state employees, cruising to a decisive victory over Democratic challenger Tom Barrett.
General Motors' CEO Dan Akerson supports increasingly closer ties with the Chinese tyrants, explaining that it's good for business.
Is the Export-Import Bank “corporate welfare” or “critical support” for American businesses? According to Barack Obama, it’s both. Back in 2008, then-Sen. Obama denounced the Ex-Im Bank as a government program that should be “cut back” because it had “become little more than a fund for corporate welfare.” But just last week President Obama signed a bill not only extending the bank’s charter for two more years but also increasing the amount of money it can loan by 40 percent.
The tobacco industry has spent $47 million to defeat California’s Proposition 29, which would enact a new $1-a-pack cigarette tax, and its ad campaign is having a significant impact.
Last Friday the City Council of North Las Vegas, Nevada’s fourth largest city just north and east of Las Vegas, voted unanimously to suspend part of its union agreement in order to balance its budget. With property tax and general tax revenues down by more than 30 percent in just the last three years, North Las Vegas was facing a shortfall of $30 million in its $500 million budget.
Rather than making healthcare more affordable, ObamaCare has made it less affordable — and will make it even less affordable as new mandates take effect — executives told a House subcommittee.