A new report by the Federal Reserve Bank of St. Louis finds that average U.S. household has regained less than half (45%) of the wealth lost during the Great Recession. The new study stands in contrast to a March Federal
Last week, Health and Human Services Secretary Kathleen Sebelius congratulated 2013 graduates by sharing the exciting news that Obamacare will provide them with free tests for sexually transmitted diseases (STDs) and birth control “without you paying a penny.” Sebelius’s open
Triumphalist progressive claims that early California figures prove Obamacare will reduce health insurance costs are coming to a screeching halt as closer analyses reveal Californians will actually experience a staggering 64% to 146% increase in individual health insurance premiums come
On Thursday, Sen. Ted Cruz (R-TX) told Fox News that Attorney General Eric Holder should resign and that the Obama Administration does not respect the Bill of Rights. Asked by Megyn Kelly whether Holder should resign, Cruz said, “Yes, absolutely.”
In the midst of the widening Internal Revenue Service (IRS) conservative targeting scandal, the Obama Administration and Democrats are scrambling to downplay the IRS’s role in implementing Obamacare. That will be difficult to do, says the Washington Post. “The IRS
The Obama Administration and Pentagon officials continue to shrug off concerns over a new report by the Defense Science Board that revealed Chinese hackers have accessed over two dozen major U.S. weapons systems. “They [China] aren’t building an F-35 in
The Chinese government has reluctantly admitted the existence of “cancer villages,” rural areas in China marred by unusually high cancer rates. “China has been producing and utilizing toxic chemical products,” reads a government document obtained by CNN. “Many places experienced
As Chinese President Xi Jinping prepares to meet with President Barack Obama next week in California to discuss what Jinping calls “a new type of great power relationship,” the Washington Post is reporting that Chinese hackers have accessed designs for
In an open letter published on Saturday, Harvard economists Carmen Reinhart and Kenneth Rogoff fired back at New York Times columnist Paul Krugman for his “spectacularly uncivil behavior” in the wake of a controversy over the scholars’ austerity findings. “It has
Aggressive and unprecedented lobbying by Silicon Valley paid off last week, as the Senate Judiciary Committee approved an immigration bill that will be a boon to the high-tech sector. Among the provisions Silicon Valley secured in their efforts to shape
In March, home prices increased 10.9% from last year at this time but are still down 28% from 2006 levels. Analysts say one key driver for the uptick in home prices is not individuals buying homes but rather large investor
In a surprising departure from Democrats’ strategy of intentionally lowering expectations for Obamacare’s January 2014 grand opening, New York Times progressive columnist Paul Krugman has declared that “the real Obamacare shock will be one of unexpected success” wherein “millions of
Even as the Internal Revenue Service (IRS) political targeting scandal widens, an army of 2,137 IRS agents are gearing up to implement and police numerous aspects of Obamacare. Their enforcement of the law is under the leadership of Sarah Hall
New charts from Senate Budget Committee Member Jeff Sessions (R-AL) show the dramatic rise in food stamp enrollments and welfare spending. Over the last decade, thirty million more individuals have signed up for food stamps. *** U.S. welfare spending last
An official Internal Revenue Service (IRS) organizational chart of the Tax Exempt & Government Entities division from February 2011 offers a more complete picture of the authority Lois Lerner–the now-removed IRS director of the tax-exempt unit–and Sarah Hall Ingram–presently tasked with
In their attempts to shift blame and evade clear answers to questions about the Internal Revenue Service’s targeting of conservative groups, disgraced former IRS Commissioner Douglas Shulman and disgraced former Acting IRS Commissioner Steven Miller both said that what the
Senate Democrats are looking to paint a recent Republican fracas between Senator John McCain (R-AZ) and Sens. Rand Paul (R-KY) and Ted Cruz (R-TX) as further evidence of an obstructionist GOP whose recalcitrance is bogging down budget negotiations. When Paul
U.S. stocks were down nearly 1% in early trading as the Nikkei experienced its largest drop in two years, closing 225 down, with news that Chinese factory figures shrank for the first time in seven months. Also worrying were Federal
On Wednesday, the U.S. Bureau of Labor Statistics reported that the unemployment rate for the 25 million foreign-born persons in the U.S. labor force dropped one percent from 9.1% in 2011 to 8.1% in 2012. Nationally, the U.S. unemployment rate
Progressive Washington Post columnist Dana Milbank joined the chorus of journalistic outrage over the Obama Administration’s decision to spy on Fox News reporter James Rosen and to seize and comb Associated Press reporters’ phone records, writing that “the administration’s actions shatter
NBC’s chief White House correspondent Chuck Todd said on Wednesday that the Obama Administration’s seizure of reporters’ emails and phone records is evidence that “they want to criminalize journalism.” Todd, who made his comments on MSNBC’s Morning Joe, said that
An investigation by Cincinnati Fox 19 reporter Ben Swann finds that Obama Administration claims that the Internal Revenue Service (IRS) targeting of conservative groups was the work of two “rogue” low-level employees in Cincinnati, Ohio, strain credulity and are “falling
The Internal Revenue Service (IRS) agents who politically targeted conservative and tea party groups may be able to appeal and significantly delay any attempts to fire them due to federal worker regulations. As Politico notes, federal workers may appeal their
On Wednesday, the House Oversight and Government Reform Committee’s hearing on the widening Internal Revenue Service (IRS) conservative targeting scandal started with a bipartisan clash of statements blasting the IRS for its unwillingness to be forthcoming in congressional testimony thus
