In all the excitement over the election last fall, a surging government intrusion failed to get the attention it deserved. In late September, the White House Office of Management and Budget, of all places, proposed a new racial classification: MENA, standing for Middle East and North Africa. It covers the area from Morocco to…
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Millions of American workers can’t find jobs and even the freespending Obama administration has frozen federal salaries for two years. But the situation is different at the United Nations, which gets approximately 25 percent of its budget from the United States. The UN employs 489 executives, more than the number of equivalent positions (484)…
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What do you think is taller: the Empire State Building or cube of $114 trillion dollars??? Check it out here! The 114.5 Trillion dollar super-skyscraper is the amount of money the U.S. Government knows it does not have to fully fund the Medicare, Medicare Prescription Drug Program, social security, military and civil servant pensions….
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Last Wednesday, months after rejecting his own presidential commission’s recommendations for reducing the U.S.’s record deficits produced by his administration, President Barack Obama finally offered a plan to deal with the nation’s excessive federal budget deficit. He didn’t do it because he wanted to do it or because he genuinely believes it’s in the…
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Back in January, we featured a post where we looked at who are the largest holders of the U.S. national debt. Since that time, the U.S. Treasury has revised their data, specifically to identify who the real foreign owners of the U.S. national debt are. Here are how things really stood at the end…
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Michael Snyder reports on seventeen statistics on the unsustainable nature of reckless U.S. government spending and debt. 1. As of December 28th, 2010, the U.S. national debt was $13,877,230,355,933.00. 2. If the federal government began right at this moment to repay the U.S. national debt at a rate of one dollar per second, it…
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According to CBS News, on the last day of 2010 the U.S. National Debt hit a record level of more than $14 trillion or $14,025,215,218,708.52, up from $9 trillion just over three years ago and a whopping 55% increase since just before 2008. As the report states: It took just 7 months for the…
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We’ve been digging through the White House’s budget projections for Fiscal Year 2009, which was produced under President Bush’s tenure, and Fiscal Years 2010 and 2011, which were both produced under President Obama’s direction, to compare how much of the U.S. taxpayers’ money each would have planned to spend in the years from 2010…
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