Archive for October, 2014

Secret Service Blames Bureaucracy


Tuesday October 14th, 2014   •   Posted by K. Lloyd Billingsley at 8:45am PST   •   0 Comments

As we recently noted, the vaunted United States Secret Service has been maintaining something of an open-door policy at the White House, residence of the President of the United Sates, by some accounts the most powerful person in the world. In September, an armed man walked right in and got a lot farther than...
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The Danger of the National Debt


Tuesday October 14th, 2014   •   Posted by Craig Eyermann at 6:46am PST   •   0 Comments

Steen Jakobsen is the chief economist and chief investment officer of Saxo Bank, a Denmark-based investment bank, who is also one of the more bearish analysts in the market today. He caught our attention recently in a CNBC interview, where he specifically identified rising national debt as a major contributor to both lackluster economic...
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Public-Employee Pension Fraud


Friday October 10th, 2014   •   Posted by Craig Eyermann at 6:11am PST   •   0 Comments

It is taking an increasing amount of “creative” accounting—or, really, outright fraud—to make a number of troubled public-employee pension funds look solvent when they are nowhere close to having the money needed to pay retiring government employees for the extremely generous pensions they’ve been promised. And when the fraud is found out, taxpayers are...
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Costing Out the Royal Presidency


Tuesday October 7th, 2014   •   Posted by K. Lloyd Billingsley at 5:18pm PST   •   0 Comments

By now Americans know that the Obama administration is not, as it claimed, the most transparent in history. Ongoing scandals such as Fast and Furious, IRS targeting, Obamacare, Benghazi, and NSA snooping explode that ludicrous notion. On the other hand, as author Robert Keith Gray explains in the Daily Caller, the Obama administration is...
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Obamacare Enabling Waste and Fraud


Tuesday October 7th, 2014   •   Posted by Craig Eyermann at 6:26am PST   •   1 Comment

What do you get when you combine a lack of transparency with a lack of accountability in a massive federal government spending program? If you said at least $250 billion in fraud and waste, you’re right! Nashville’s WZTV reports: In fact, when the Government Accountability Office set out to deliberately scam the Department of...
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The Secret Is Out on Incompetent, Arrogant “Service”


Friday October 3rd, 2014   •   Posted by K. Lloyd Billingsley at 2:16pm PST   •   1 Comment

Recent hearings on the Secret Service by the House Oversight and Government Reform Committee proved entertaining and educational. For example, in 2011 someone had fired shots at the White House but Secret Service bosses wrote this off as a car backfiring, rather unlikely since all cars now have fuel injection. And even with carburetors,...
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The U.S. National Debt Superhighway


Friday October 3rd, 2014   •   Posted by Craig Eyermann at 6:14am PST   •   0 Comments

The national debt is that it is so big that it can be difficult to describe the magnitude of the nation’s liabilities in terms that make sense on a human scale. That didn’t stop Mick Teufel from trying, though! Here’s his attempt to describe the size of the national debt using the metaphor that...
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