A new report by Moody’s Investors Service finds that public pensions are $2 trillion short of the amount they owe current and future retirees. “Combined with large unfunded liabilities, aging plan demographics effectively transfer costs incurred by a previous generation
New data compiled by Bloomberg Government reveal that Obamacare has already cost taxpayers $73 billion, including $2.1 billion on its busted Obamacare website–a figure more than double what the Obama administration originally claimed. As Bloomberg notes, its “analysis shows that
America’s vanishing workforce continues to evaporate, as nearly one out of every four Americans in their prime working years (ages 25-54) are unemployed. According to figures from the Senate Budget Committee Ranking Member Jeff Sessions’ (R-AL) office, of the nation’s
On Sunday, former President Bill Clinton made efforts to further distance Hillary Clinton from President Barack Obama’s unpopular foreign policy by stating that the Obama administration should have armed Syrian rebels years ago, a position Hillary Clinton claims she took
Former President Bill Clinton declared on Sunday that his economic policies dwarfed those of former President Ronald Reagan. “When I was president, I’ve told you this before–one of the things I was most proud of is we moved 100 times
Democratic strategist Joe Trippi said on Sunday that it would be a “miracle” if Democrats manage to fend off a Republican takeover of the U.S. Senate come Nov. 4. “I would gauge that Republicans are likely to pick up between
Despite aggressive and expensive Obamacare recruitment efforts, new data released by the Kaiser Family Foundation reveal that just 28% of Americans eligible for taxpayer-funded subsidies have chosen to enroll in the unpopular Obamacare program. In fact, just three states–Rhode Island,
During testimony before the House Oversight Committee Thursday, Centers for Medicare & Medicaid Services administrator Marilyn Tavenner admitted that the White House’s original number of eight million Obamacare enrollments was inflated. The real number, Tavenner now claims, is 7.3 million. Oversight
Hillary Clinton appeared with retiring Sen. Tom Harkin (D-IA) at his annual Iowa Steak Fry fundraiser on Sunday, just days after Harkin made controversial remarks dismissing the Islamic State (ISIS) terror threat as mere “fear-mongering.” “It’s fear-mongering. It’s what happened
A new Gallup poll finds Americans’ distrust in the Executive Branch just three points shy of the all-time low rating just months prior to President Richard Nixon’s resignation. “After a sharp drop from last year, trust in the executive branch
In January, President Barack Obama dismissed the Islamic State (ISIS) as merely a “JV team.” Last week, Obama reversed that position and told NBC News ISIS is “not a JV team.” Similarly, two weeks ago Obama said the Islamic State
The New York Times is going after the Koch Brothers once again. No news there, of course. But it’s worth noting that the Times has found a new angle to pursue–or should we say, a new club with which to
Sen. Tom Harkin (D-IA) blasted the Obama administration and members of Congress for engaging in “fear-mongering” over the Islamic State terror threat. “It’s fear-mongering. It’s what happened after 9/11. ‘Oh my God, they’ve got these planes crashing. Now they’re going
President Barack Obama told NBC News on Sunday that he regrets the “optics” of going golfing just minutes after making a speech about the beheading of American journalist James Foley by ISIS terrorists. “I’ve got to ask. During that vacation,
In a stunning reversal of his past statements diminishing the Islamic State terrorist network’s threat level, President Barack Obama conceded to NBC News on Sunday that ISIS is “not a JV team.” “So they are not a JV [junior varsity]
Democrats close to the Obama White House are frustrated and furious over the public relations fallout over President Barack Obama’s now-infamous two-week luxury vacation to Martha’s Vineyard amid myriad crises, including looting and rioting in Ferguson, Missouri, as well as
In May, billionaire Warren Buffett blasted the very corporate “tax inversion” schemes his firm Berkshire Hathaway is about to finance as part of Burger King relocating its headquarters to Canada to lower its tax burden. CNBC’s Joe Kernan: “Why do you make a
President Barack Obama and vulnerable Democrats facing tough midterm elections in 71 days are scrambling to prop up the moribund U.S. economy in the minds of disgruntled voters. However, one of the quickest shorthand economic measurements–food stamp enrollments–paints a startling
With Democratic candidates set to face an angry midterm electorate in just 71 days, some Democrats are blasting First Lady Michelle Obama for inaction in helping vulnerable Democrats in tight races. “I don’t want to say she’s been M.I.A., but
Three new Federal Reserve surveys reveal Obamacare continues to force employers to slash jobs and hours in response to the unpopular healthcare overhaul, reports The Wall Street Journal. Last Thursday, the Federal Reserve Bank of Philadelphia reported findings from its
Transgender Americans seeking gender reassignment surgeries are finding relief through Obamacare, The Daily Beast reported on Monday. Federal laws banning health insurance discrimination against transgender people, combined with Obamacare’s ban on denying coverage for those with pre-existing conditions, have paved
Millions of Obamacare patients receiving taxpayer-funded subsidies are in jeopardy of having the Internal Revenue Service (IRS) seize portions of their tax refunds due to unreported rises in personal income. “More than a third of tax recipients will owe some
President Barack Obama may be unpopular, but members of his inner circle of advisers are finding themselves in high demand for big money consulting gigs with crony capitalist companies like Uber and Apple, reports The Hill. This week, top Obama
With U.S. wages plunging and the nation’s over $1 trillion in student loan debt soaring, U.S. Department of Education data reveal that over half of the nation’s most common form of federal loan, Direct Loans, are not being repaid on
The Pentagon blasted the shoddy methodology of a new report by the nation’s largest food bank network that claims 25% of military members are forced to use food banks to feed their families. On Monday, NBC News ran the dramatic
According to the Washington Post, a looter in Ferguson, Missouri, expressed pride and admiration for looters and said their actions are justified. “I’m proud of us. We deserve this, and this is what’s supposed to happen when there’s injustice in
Even as Democratic Missouri Governor Jay Nixon calls National Guard troops to attempt to quell the Ferguson riots and looting, President Barack Obama will resume his luxury vacation at a posh, $12 million, 17-room mansion in tony Martha’s Vineyard for
Democratic Missouri Governor Jay Nixon (D-MO) said on Sunday he was “thunderstruck” by the “over-militarization” of the police in responding to the Ferguson riots and looting. Hours later, he ordered in the U.S. military in the form of the National
U.S. debt has increased over $7.6 billion since President Barack Obama departed last Saturday for his two-week luxury vacation at Martha’s Vineyard. According to the Treasury Department, U.S. debt total debt stood at $17,672,734,489,595.15 prior to his departure. As of
President Barack Obama has already played nearly eight times as many rounds of golf during his presidency as President George W. Bush did throughout his eight years in office, according to noted presidential chronicler of all things numerical, CBS News’
A startling new political science study concludes that corporate interests and mega wealthy individuals control U.S. policy to such a degree that “the preferences of the average American appear to have only a minuscule, near-zero, statistically non-significant impact upon public
America’s third-largest health insurer, Aetna, says its Obamacare enrollments are on pace to fall as much as 30% by the end of 2014. As Investor’s Business Daily reported on Monday, Aetna had 720,000 Obamacare sign-ups as of May 20. By
U.S. jobs pay an average 23% less today than they did before the 2008 recession, according to a new report released on Monday by the United States Conference of Mayors. In total, the report found $93 billion in lost wages.
On Monday, the U.S. Postal Service announced it lost $1.96 billion in the third quarter. The fledgling service reported total liabilities of $67.16 billion versus just $23.16 billion in assets. “The agency is saddled with a congressional mandate that requires
Looters ransacked and burned stores in a St. Louis suburb on Sunday night in the wake of the shooting death of 18-year-old Michael Brown by a police officer. The unrest manifested in various ways and encompassed several areas. Gunshots were
Amid an international ebola health emergency, U.S. airstrikes in Iraq, and the illegal immigration crisis surging on the southern border, President Barack Obama leaves on Saturday for a lavish Martha’s Vineyard twelve day vacation at the 8,100-square foot mansion of
A new analysis by the Congressional Budget Office (CBO) and the Joint Committee on Taxation finds that Obamacare’s myriad exemptions mean nearly 90% of America’s 30 million uninsured individuals will pay zero penalty as part of the individual mandate. In
In an interview with Juan Williams, Attorney General Eric Holder said he is, indeed, an activist attorney general and proud of it. “If you want to call me an activist attorney general, I will proudly accept that label,” said Holder.
President Barack Obama concedes in a new Economist interview that the economic plight of middle-class and working-class American families has not improved under his leadership. “Middle-class and working-class families are stuck,” Obama admitted. “Their wages and incomes are stagnant. They’ve
In a new Economist interview, President Barack Obama praised big corporations for embracing amnesty while blasting the Republican Party for opposing it. “Now,to their credit, I think on an issue like immigration reform, forexample, companies did step up,” said Obama.
