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Gold Plunges for Worst Two-Day Loss Since 1983

Gold Plunges for Worst Two-Day Loss Since 1983

On Monday, gold prices nosedived to their worst two-day loss since 1983, breaking below $1,400–far removed from a September 2011 high of $1,920. “There are a lot of people throwing up their hands. Throwing positions overboard. Panic is everywhere,” said

IRS Denies Email Snooping Allegations

IRS Denies Email Snooping Allegations

The Internal Revenue Service (IRS) is denying allegations leveled by the American Civil Liberties Union (ACLU) that IRS agents may snoop through private emails, texts, and Facebook pages without a warrant as part of the agency’s investigations.  The ACLU’s charges

Obamas Paid 18.4% In Federal Incomes Taxes

Obamas Paid 18.4% In Federal Incomes Taxes

President Barack Obama and First Lady Michelle Obama paid an effective tax rate of just 18.4% in 2012 federal income tax. The figures, released by the White House, come as Obama included in his recently released budget the so-called “Buffett

Study: CA High-Speed Rail Will Lose $124-$373 Million A Year

Study: CA High-Speed Rail Will Lose $124-$373 Million A Year

A new study by the libertarian Reason Foundation finds that the California High-Speed Rail System will saddle taxpayers with losses between $124 million to $373 million a year. Exaggerated ridership estimates and slower-than-promised trip speeds make the California bullet train

Obama's Deficit Spending Projections Were Off by $1.6 Trillion

Obama's Deficit Spending Projections Were Off by $1.6 Trillion

President Barack Obama’s newly unveiled 2014 budget reveals that his original 2010 deficit projections were off by $1,631,000,000,000–or 43 percent.  Obama’s initial deficit projection for 2010 to 2014 was $3.767 trillion. In his latest budget, submitted two months after the

Obama Budget Increases Debt Share to $189,000 per Household

Obama Budget Increases Debt Share to $189,000 per Household

An analysis by GOP Senate Budget Committee staff finds that each American household’s share of the U.S. national debt would jump to $189,000 under President Barack Obama’s newly released 2014 budget. Presently, each household’s share of the debt is $133,000. The

Newsmax: Roger Ailes 'Man Obama Fears the Most'

Newsmax: Roger Ailes 'Man Obama Fears the Most'

Newsmax says there is a reason progressives like former Obama Green Jobs Czar Van Jones are so incensed about a new biography chronicling the life of presidential strategist-turned-Fox News Chairman Roger Ailes: he is “the man Obama fears the most.”

Obamacare Exchanges Will Cost Double

Obamacare Exchanges Will Cost Double

Obamacare critics warned that President Barack Obama’s rosy $2 billion cost estimate for the government’s so-called “insurance exchanges” would likely rise. On Wednesday, they more than doubled. Health and Human Services Department (HHS) budget documents state that the federal government

Reverend Wright's Daughter Indicted for Money Laundering

Reverend Wright's Daughter Indicted for Money Laundering

On Wednesday, the daughter of President Barack Obama’s former pastor, Rev. Jeremiah Wright, was indicted on charges of lying to federal authorities and money laundering. Jeri Wright was charged with seven counts of giving false testimony to a grand jury,

Sen. Sessions: Obama Budget 'Not Merely Reckless; It's Unthinkable'

Sen. Sessions: Obama Budget 'Not Merely Reckless; It's Unthinkable'

On Wednesday, Ranking Member of the Senate Budget Committee Jeff Sessions (R-AL) said that President Barack Obama’s proposed budget would “depress the American economy under a never-ending avalanche of debt” that is “not merely reckless; it’s unthinkable.” Sessions said the

GOP: Obama Budget Would Increase Debt to $25.4 Trillion

GOP: Obama Budget Would Increase Debt to $25.4 Trillion

A House and Senate GOP Budget Committee analysis of President Barack Obama’s newly released budget says the plan achieves just $119 billion in net deficit reduction, not the $1.8 trillion the White House claims. The GOP analysis finds that Obama’s

Obama Budget Two Months Late, Declared Dead on Arrival

Obama Budget Two Months Late, Declared Dead on Arrival

For the fourth time in his presidency, President Barack Obama submitted his budget proposal well after the legally-required February 4th deadline, angering both Republicans and Democrats who are declaring the $3.8 trillion Obama budget dead on arrival.  The deficit-busting Obama

HuffPo: Obama 'Largely Silent' on Poverty

HuffPo: Obama 'Largely Silent' on Poverty

On Monday, the progressive Huffington Post blasted Congress and President Barack Obama for being “missing in action” in combating the brutal effects of the Obama economy on ordinary Americans falling into poverty. “The issue has all but disappeared from the

Disability Explosion Dragging Down Economic Growth

Disability Explosion Dragging Down Economic Growth

The rapid rise in the number of Americans applying for and entering the Social Security Administration disability program has cost an estimated 0.6% of national output since the start of the recession, representing roughly $95 billion annually in lost economic growth. Each

BOOMTOWN 2: Taxpayers Have Spent $15 Trillion on 'War on Poverty'

BOOMTOWN 2: Taxpayers Have Spent $15 Trillion on 'War on Poverty'

Since President Lyndon Baines Johnson declared “war on poverty,” U.S. taxpayers have spent $15 trillion on so-called anti-poverty programs–a figure slightly less than the national debt.    Sean Hannity, Government Accountability Institute President Peter Schweizer, and Breitbart News Executive Chairman

BOOMTOWN 2: 126 Federal Anti-Poverty Programs

BOOMTOWN 2: 126 Federal Anti-Poverty Programs

U.S. taxpayers now fund 126 separate federal anti-poverty programs each year. The startling statistic was just one of many presented in an eye-opening one-hour Sean Hannity special titled “Boomtown 2: The Business of Food Stamps.” The program, which featured Government

BOOMTOWN 2: Fast Food Giant Lobbied to Get into Food Stamp Game

BOOMTOWN 2: Fast Food Giant Lobbied to Get into Food Stamp Game

The purpose of the food stamp program, officially known as the Supplemental Nutrition Assistance Program (SNAP), is to provide nutritious foods to the poor. But according to Sean Hannity’s one-hour special, “Boomtown 2: The Business of Food Stamps,” which featured

White House Blames Jobs Numbers on Sequester

White House Blames Jobs Numbers on Sequester

The Obama White House is scrambling to blame Friday’s abysmal March jobs numbers on the sequester’s trimming of the rate of growth in federal budgets that have yet to fully commence.  After the Labor Department announced that a mass exodus