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America’s Federal Budget On ‘Unsustainable Path,’ Warns Fed Chair Jerome Powell

Federal Reserve Chair Jerome Powell warned Wednesday that the federal budget is on “an unsustainable path” due to rising levels of federal debt. Powell told the Joint Economic Committee that the “high and rising federal debt,” which now tops $23 trillion, could make it difficult for the economy to recover from future market downturns. “In a downturn, it would also ...

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Once Outspoken Fiscal Hawks, Republicans Quietly Watch As National Debt Hits $23 Trillion

Republicans who once criticized former President Barack Obama’s handling of U.S. debt quietly watched as the federal government debt hit $23 trillion for the first time in history. Treasury Department data show the national debt rose past $23 trillion Thursday, and almost $17 trillion out of this number is debt held by the public. The remaining $6 trillion comes from ...

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Future Is Cloudy With Occasional Trump Gusts at National Weather Service

How many weather people does it take to change a forecast? Evidently more than we currently possess. The National Weather Service Employees Organization is issuing a severe hiring freeze warning. The union is afraid if Donald Trump’s freeze order is applied to the National Weather Service it will be a cold day in hell before it can add another employee. ...

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Obama’s “BRAIN” Initiative

Just this week, President Obama announced a major scientific initiative that would lead us into the next great frontier: The “BRAIN” Initiative (Brain Research through Advancing Innovative Neurotechnologies). This initiative, the details of which are scarce and not yet fleshed out according to Francis S. Collins, Director of the National Institute of Health, has a price tag of $100m. It’s ...

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We Were Sequestered Before It Was Cool

The Ministry of Truth for the Obama administration has been experiencing some traction problems in the DC area. The scare stories regarding the collapse of the air travel system in the event of sequester are simply not motivating people in spite of the fact the Mainstream Media (MSM) has dutifully spread the word. We are warned that in the event ...

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Obama’s SOTU: We Must, We Might, I Want

“…and I want a fire truck, and a baseball glove, and a cowboy hat!” So seemed to go President Obama’s State of the Union wish list. It sounded like Christmas with captive parents in the form of the Congress and a few Supreme Court Justices. Repeatedly, he went so far as to challenge Congress to pass bills, that he would immediately ...

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It’s the Spending, Stupid

Barack Obama, who seemingly has remained in campaign mode since first entering public life, continues to insist House Republicans obey his command to hike tax rates on upper income earners.  If Republicans do note cede to his demands, Obama is willing to let everyone’s taxes go up and to cut one trillion dollars from the budget, a disproportionate amount of ...

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Social Security: Issuing Checks & Hollow–Points

Some of the more excitable members of the conservative Internet commentariat sounded battle stations when they learned the Social Security Administration (SSA) wanted to buy 174,000 hollow–point bullets. Had granny decided she was not going passively the next time Paul Ryan tried to shove her off a cliff? Were irate seniors busy sharpening the legs on their walkers in preparation ...

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Time to deal with the elephants in the room

The two Presidential candidates refuse to acknowledge the “elephant in the room” and prefer to deal with issues only after it deteriorates into a national crisis. Unfortunately there is not one, but a half dozen elephants in the room and American voters will no longer allow our politicians to ignore them as they pander for their votes. This Presidential election ...

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