Archive for March, 2011

Gasoline Prices Skyrocket Up 100% Under Obama


Thursday March 31st, 2011   •   Posted by David Theroux at 8:27pm PST   •   3 Comments

In “Gasoline up 100% under Obama,” James S. Robbins reports in the Washington Times that: Gas prices have doubled since Mr. Obama took office. According to the GasBuddy gasoline price tracking web site, the price of a gallon of regular gas was around $1.79 when Mr. Obama took office. Today the national average is...
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Cost of U.S. Military Intervention in Libya: Forbes Says $2 Billion Per Day?


Tuesday March 29th, 2011   •   Posted by David Theroux at 8:43pm PST   •   0 Comments

In the new article, “The Real Cost of U.S. in Libya? Two Billion Dollars Per Day,” Loren Thompson at Forbes now reports that the real cost of Obama’s war in Libya is $2 billion per day! The one thing most experts seem to agree on about the current coalition air campaign in Libya is...
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Cost of U.S. Military Intervention in Libya: ABC Says $600 Million in First Week?


Tuesday March 29th, 2011   •   Posted by David Theroux at 5:05pm PST   •   0 Comments

Devin Dwyer and Luis Martinez report for ABC News in “Cost of Libya Intervention $600 Million for First Week, Pentagon Says,” that: One week after an international military coalition intervened in Libya, the cost to U.S. taxpayers has reached at least $600 million, according figures provided by the Pentagon. U.S. ships and submarines in...
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An Unusually Fast Growing Export


Tuesday March 29th, 2011   •   Posted by Craig Eyermann at 5:59am PST   •   1 Comment

GDP, or if we spell it out, Gross Domestic Product, is the primary measure the economic activity within a nation. Mathematically, it is the sum of all consumer and government spending on goods and services, business capital investment spending and the value of the nation’s net exports (exports minus imports) for all the goods...
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Economist Edward Lazear Says Taxation Won’t Cut It


Monday March 28th, 2011   •   Posted by Emily Skarbek at 10:49am PST   •   1 Comment

Edward P. Lazear (former Chairman, President’s Council of Economic Advisors; Jack Steele Parker Professor of Human Resources Management and Economics, Stanford University; Morris Arnold Cox Senior Fellow, Hoover Institution) proposes significant spending cuts, no tax increases, and most importantly—adoption of rule-based constraints on future government spending. What do you think—is limiting growth in government...
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The Day the Debt Comes Due


Monday March 28th, 2011   •   Posted by Emily Skarbek at 7:14am PST   •   4 Comments

“My fellow Americans, I come to you today with a heavy heart. We have a crisis on our hands. It is one of our own making. And it is one that leaves us with no good choices. For many years, our nation’s government has lived beyond its means...We have not faced the hard reality...
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John Stossel at Fox Business recently hosted a superb one-hour program, “Freeloaders,” that brings up to date another program he did on the same subject at ABC’s “20/20″ in 2006. In the new program, he critiques the welfare state in America and takes on major corporations, millionaire entertainers, panhandlers, Indian Reservations, and anyone on...
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Will Disaster-Ravaged Japan Now Sell Off $886 Billion of U.S. Debt?


Friday March 25th, 2011   •   Posted by David Theroux at 5:42pm PST   •   0 Comments

Seth McLaughlin at the Washington Times reports in “Fears rise that Japan could sell off U.S. debt” of the growing concerns that the earthquake, tsunami, and nuclear disasters and now economic crisis in Japan could trigger a major sell-off of there of its huge holdings of U.S. government debt. As of January, Japan is...
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And Now a Federal Tax on Toilet Paper to Fund Sewer Projects?


Thursday March 24th, 2011   •   Posted by David Theroux at 12:26pm PST   •   3 Comments

Certain to make the fodder for late night comedians and as a possible boost for the bidet industry, the Omaha World-Herald reports that believe it or not, Omaha Mayor Jim Suttle has launched a campaign to push for a new form of “sin” tax—a federal tax of ten cents for every roll of toilet...
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$7.5 Billion in Electric Car Subsidies Is Pure Waste


Wednesday March 23rd, 2011   •   Posted by David Theroux at 8:51pm PST   •   1 Comment

Margo Thorning writes in the Wall Street Journal, “Pull the Plug on Electric Car Subsidies: They are costly and don’t do enough to protect the environment,” that the flow of taxpayer money into subsidizing plug-in electric vehicles (PEVs) is economically and environmentally harmful, a waste, and should be ended now. There are a lot...
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