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We’re always on the watch for neat and visual ways to describe the U.S. federal government’s spending and debt problems, which is why we were really impressed by the work that the Heritage Foundation’s Romina Boccia, John Fleming, and Spencer Woody put together to visualize just how much money is involved in human terms….
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Next week, the Federal Reserve is expected to send a clear signal that it will end its policy of holding short-term U.S. interest rates low sooner rather than later. Here’s coverage from the Wall Street Journal: Federal Reserve officials are seriously considering an important shift in tone at their policy meeting next week: dropping…
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Some taxpayers remain unaware that government-employee unions run the state of California, but the evidence is not hard to find. Sure enough, Joshua Pechthalt, president of the California Federation of Teachers, fired the first salvo to make a temporary tax hike permanent. “Proposition 30 is the best thing to happen to public education and…
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As we have noted, Covered California is the Golden State’s wholly owned subsidiary of Obamacare and similarly dysfunctional, insecure, and wasteful. Even so, some people managed to sign up, the largest group ages 55 to 64. Now, according to Emily Bazar of the Center for Health Reporting, many are finding it impossible to leave….
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The U.S. Postal Service has been in increasingly severe fiscal trouble for years. With Americans increasingly turning to electronic communication services, and despite postage prices that have risen at double the rate of inflation since the end of World War I, the U.S. Postal Service (USPS) is increasingly finding it difficult to remain financially…
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This column has provided much evidence that government has institutionalized waste, fraud and abuse. None is more chilling than what former CBS television journalist Sharyl Attkisson describes in her new book, Stonewalled: My Fight for Truth Against the Forces of Obstruction, Intimidation, and Harassment in Obama’s Washington. Unlike most of what emerges from the…
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We had projected that it would be around December 9 when the total public debt outstanding of the U.S. government would reach $18 trillion. We were wrong. It reached that number eight days early. ZeroHedge marks the infamous occasion: Last week, total US debt was a meager $17,963,753,617,957.26. Two days later, as updated today,…
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Gasoline prices are running at their lowest level in years, a great boost for embattled consumers with the holiday season approaching. Unfortunately, the ruling class isn’t about to let that continue. The ruling class operates on the superstition that the world is getting hotter, that this is entirely due to human activity, and that…
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CNSNews’ Terence Jeffrey just happened to read the Daily Treasury Statement released by the U.S. Treasury Department on the day before Thanksgiving. Here’s what he found (we’ve added the notes in parentheses to make the very large numbers easier to express): The Daily Treasury Statement that was released Wednesday afternoon as Americans were preparing…
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It may not be baseball season, but outfielder Giancarlo Stanton of the Miami Marlins has signed a 13-year contract for $325 million, reportedly the richest deal in the history of sports, at least in North America. That contract reflects the willingness of baseball fans to plunk down their money to see Stanton play. But…
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