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Oct 30, 2013 Comments Off Chuck Biscuits

Excerpted from Bloomberg: The U.S. posted its smallest budget deficit in five years as employment gains helped propel revenue to a record. Spending exceeded receipts by $680.3 billion in the 12 months ended Sept. 30, the narrowest gap since 2008, compared with a $1.09 trillion shortfall in fiscal 2012, the Treasury Department said today in Washington. ...

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Oct 27, 2013 Comments Off Chuck Biscuits

WASHINGTON — As America's road planners struggle to find the cash to mend a crumbling highway system, many are beginning to see a solution in a little black box that fits neatly by the dashboard of your car. The devices, which track every mile a motorist drives and transmit that information to bureaucrats, are at the ...

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Oct 24, 2013 Comments Off Chuck Biscuits

Excerpted from CNN MONEY: The number of homeless students in U.S. public schools is at an all-time high, according to new data. There were 1.2 million homeless students during the 2011-12 academic year, from preschool all the way through high school. That's up 10% from last year and 72% from the start of the recession, ...

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Oct 24, 2013 Comments Off Chuck Biscuits

Excerpted from ROLL CALL: Majority Leader Harry Reid said Thursday that he expected little more from the formal House-Senate budget conference than some relief from automatic spending cuts under sequestration. The Nevada Democrat called the suggestion of a “grand bargain” including an overhaul of entitlement programs “happy talk.” “I hope that we can do some stuff to ...

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Oct 23, 2013 Comments Off Chuck Biscuits

Excerpted from POLITICO: South Dakota's Argus Leader newspaper urged a federal appeals court Wednesday to reverse a ruling blocking the newspaper from receiving data on how much the federal government pays to stores that redeeem food stamp benefits. Jon Arneson, an attorney for the newspaper, told a panel of the U.S. Court of Appeals for the ...

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Oct 23, 2013 Comments Off Chuck Biscuits

Excerpted from WEEKLY STANDARD: New research from the Republicans on the Senate Budget Committee shows that over the last 5 years, the U.S. has spent about $3.7 trillion on welfare. Here's a chart, showing that spending versus transportation, education, and NASA spending: "We have just concluded the 5th fiscal year since President Obama took office. During ...

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Oct 22, 2013 Comments Off Chuck Biscuits

(CNSNews.com) - The number of Americans who are 16 years or older and who have decided not to participate in the nation's labor force has climbed to a record 90,609,000 in September, according to data released today by the Bureau of Labor Statistics. The BLS counts a person as participating in the labor force if ...

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Oct 19, 2013 Comments Off Chuck Biscuits

Excerpted from WASHINGTON TIMES: U.S. debt jumped a record $328 billion on Thursday, the first day the federal government was able to borrow money under the deal President Obama and Congress sealed this week. The debt now equals $17.075 trillion, according to figures the Treasury Department posted online on Friday. The $328 billion increase shattered the previous ...

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Oct 17, 2013 Comments Off Chuck Biscuits

Excerpted from WASHINGTON TIMES: Buried inside the new stopgap spending bill are several goodies, including nearly quadrupling the maximum price of a dam project on the Ohio River that is turning into a boondoggle — up to nearly $3 billion. The bill also includes $174,000 of taxpayer money for the widow of the late Sen. Frank ...

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Oct 17, 2013 Comments Off Chuck Biscuits

Excerpted from WASHINGTON FREE BEACON: Food stamps are the most inefficient, vastly expanding social welfare program in the country, according to a new study. Forty-seven million people participate in the Supplemental Nutrition Assistance Program (SNAP), commonly known as food stamps, and costs have increased over 358 percent since 2000. The increase in recent years cannot be attributed ...

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Oct 17, 2013 Comments Off Toro520

Excerpted from The Foundry: Timing is everything. And just as Congress’s focus seems to be drifting from Obamacare’s ravages on the economy, Americans are learning the reason this law’s implementation was postponed until after the presidential election. That reason is becoming clear as person after person opens the mail. Insurance costs are going up. For many, not ...

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Oct 15, 2013 Comments Off Chuck Biscuits

Excerpted from Aaron Klein: Despite the government shutdown, the Obama administration has continued secret negotiations to complete what is known as the Trans-Pacific Partnership, or TPP. The expansive plan is a proposed free-trade agreement between the U.S., Australia, Brunei, Chile, Canada, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. The agreement would create new guidelines for ...

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Oct 15, 2013 Comments Off Chuck Biscuits

(function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = "//connect.facebook.net/en_US/all.js#xfbml=1"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk')); Post by Sarah Palin.

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Oct 15, 2013 Comments Off Chuck Biscuits

Excerpted from CNBC: Fitch Ratings put the US government's "AAA" credit rating on 'rating watch negative' Tuesday, saying that the standstill on the U.S. debt ceiling negotiations risks undermining the effectiveness of the country's government and political institutions. U.S. stock index futures fell. "Although ...

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Oct 15, 2013 Comments Off Chuck Biscuits

Excerpted from BIG GOVERNMENT: Some American women struggling with the current economy have come up with a solution to their fiscal woes: they’re selling hair, breast milk, and eggs, according to Bloomberg. One such American, April Hare, said, ““I was just trying to find ways to make money, and I remembered Jo from ‘Little Women,’ ...

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Oct 14, 2013 Comments Off Chuck Biscuits

(CNSNews.com) - President Barack Obama used his Saturday radio address to press for an end to "this Republican shutdown" and for an increase in the debt limit. "It wouldn't be wise," he said, "to just kick the debt-ceiling can down the road for a couple months, and flirt with a first-ever intentional default right in the ...

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Oct 13, 2013 Comments Off Chuck Biscuits

Excerpted from WASHINGTON TIMES: The chief of the International Monetary Fund said Sunday the United States’ stalemate over spending and its debt limit is “very, very concerning” and has rocked the organization’s annual meeting in Washington. Christine Lagarde said things had been looking up around the world. Speaking with hundreds of finance ministers around the world, ...

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Oct 13, 2013 Comments Off Chuck Biscuits

Excerpted from IBTIMES: China's official news agency has called for the creation of a "de-Americanised world", saying the destinies of people should not be left in the hands of a hypocritical nation with a dysfunctional government. Heaping criticism and caustic ridicule on Washington, the Xinhua news agency called the US a civilian slayer, prisoner torturer and ...

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Oct 13, 2013 Comments Off Chuck Biscuits

Excerpted from Floor Action: Senate Republicans on Saturday blocked a bid by Senate Majority Leader Harry Reid (D-Nev.) to extend the nation’s debt limit until after the 2014 midterm elections. In an 53-45 vote, the Senate failed to win the 60 votes necessary to advance the debt-limit measure to a floor debate. The bill would increase ...

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Oct 10, 2013 Comments Off Chuck Biscuits

Excerpted from THE DAILY CALLER: President Barack Obama has turned down an offer from House Republicans to raise the debt ceiling and allow the federal government to continue borrowing money after it reaches the so-called debt ceiling next week. After a 90-minute meeting at the White House, Obama and House Republicans issued statements explaining that they ...

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Oct 10, 2013 Comments Off iResist

Posted by Jeff Rainforth: Excerpted from iCaucus.org: The mission of iCaucus is to increase the effectiveness of United States voters in utilizing their proper Constitutional role in the management of their own government; first through comprehensive education and secondly through participation in the candidate identification and election process to ensure principled representation based upon Fiscal Responsibility through ...

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Oct 9, 2013 Comments Off spratico

Excerpted from Washington Post - One of the nation’s top credit-rating agencies says that the U.S. Treasury Department is likely to continue paying interest on the government’s debt even if Congress fails to lift the limit on borrowing next week, preserving the nation’s sterling AAA credit rating. In a memo being circulated on Capitol Hill Wednesday, ...

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Oct 8, 2013 Comments Off Chuck Biscuits

Excerpted from ON THE MONEY: Senate Majority Leader Harry Reid (D-Nev.) is moving legislation to push the debt limit until Dec. 31, 2014, well beyond next year’s midterm election. Senate aides estimate the bill would increase federal borrowing authority by about $1.1 trillion. The administration estimates the nation will hit the upper bounds of its $16.7 trillion ...

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Oct 5, 2013 Comments Off Chuck Biscuits

(CNSNews.com) - In general terms, politicians and the press may be referring to what has been happening in Washington, D.C., over the past few days as a government "shutdown" or a "partial government shutdown," but the actual accounting sheets of the U.S. Treasury show that massive amounts of taxed and borrowed money were flowing in ...

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Oct 4, 2013 Comments Off Chuck Biscuits

Excerpted from POLITICO: Although President Barack Obama has said that negotiating over the debt ceiling would be unprecedented, Fox News Sunday host Chris Wallace isn’t buying it. “The White House keeps saying, the president says this has never happened before, we’ve never had a negotiation on the debt limit,” Wallace told POLITICO for this week’s “Turn ...

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