Under Obama, Price of Gas Has Jumped 83 Percent, Ground Beef 24 Percent, Bacon 22 Percent – Here you have it – The State of the Union under Obama
Brazil Stiffs Obama on Oil Deal, Exposing President’s Incompetence – Obama’s policy in regard to oil and gas has been a study in incompetence driven by an ideological mania against hydrocarbon fuel in favor of more politically correct forms of energy production. This has not only led to what amounts to a campaign against oil and gas production in the U.S., but embarrassing scandals such as Solyndra, brought on by unwise federal loan guarantees to dubious green energy companies. If you were wondering why the gas prices continue go up here is a part of the reason
Buffett’s Burlington Northern Among Winners From Keystone Denial – Warren Buffett’s Burlington Northern Santa Fe LLC is among U.S. and Canadian railroads that stand to benefit from the Obama administration’s decision to reject TransCanada Corp. (TRP)’s Keystone XL oil pipeline permit.
President Obama approved fiddling with budget numbers, New Yorker reports – The president prided himself on honesty in his first budget proposal, including the real estimated costs of spending, but Obama later shifted his stance and approved the use of budget gimmickry, according to The New Yorker. Is there anyone surprised?
Federal employees owe $1.03 billion in unpaid taxes – About 98,000 federal, postal and congressional employees owed $1.03 billion in unpaid taxes at the end of fiscal 2010, according to recordsprovided by the Internal Revenue Service. The total number of delinquent employees dipped slightly from 2009, but the amount owed jumped by $32 million.
How Much the Rich Pay –
The welfare state is destroying America – Spending on Social Security, Medicare, Medicaid and Obamacare alone currently account for 46 percent — or nearly half of — federal spending, excluding interest payments. Over the next 25 years, that percentage will explode to 66 percent, or close to two-thirds, according to the Congressional Budget Office..
Numbers associated with the nation’s debt crisis are almost too staggering to comprehend. Last month, total U.S. debt surpassed $15 trillion. But a recent analysis by Boston University economics professor Laurence Kotlikoff found that when long-term entitlement obligations are considered, the true fiscal gap is $211 trillion
Mark Landsbaum: Taxpayers getting sunburned again – Despite history – and current events involving alternative energy companies – many Americans buy into the notion that for good things to happen, the government needs to be involved, even in charge.
Boehner: Problem in Washington Is ‘Too Much Spending’—But Since March, There’s No Spending Without GOP Approval – Federal spending bills approved by the Republican-controlled House of Representatives have increased the national debt by more than $1 trillion dollars in just 10 months.
Online Vendors, Meet The 1099-K – You’ll only receive a 1099-K if you’ve participated in 200 transactions adding up to $20,000. It’s the IRS’s helpful way of reminding you to report income you might have otherwise overlooked. If you don’t receive a 1099-K because sell less frequently, you’ll still have to report your income.