The moribund U.S. economy and the bleak jobs picture have collided to produce the highest college loan default rate in 18 years, according to data released Monday by the Department of Education. “Some colleges are simply masking default problems until
The government’s official Obamacare Facebook page has been inundated with hundreds of questions and complaints from individuals experiencing myriad technical problems while trying to enroll in Obamacare online. One user wrote on the government’s HealthCare.gov Facebook: “Says cannot create account
Maryland’s Obamacare healthcare exchange, Maryland Health Connection, is announcing via its Facebook page that its website and toll-free call center are “presently experiencing unexpected connectivity problems” and that citizens should “please come back and visit the site at noon.”
The online customer information chat feature on the government’s main Obamacare page, www.HealthCare.Gov, is not working. Users are receiving error messages that read: Sorry, Health Insurance Marketplace Live Chat isn’t available right now. We’re having technical problems. We apologize for
The federal government has had three and a half years to build its Obamacare insurance exchanges, yet just nine states will have fully functioning exchanges tomorrow upon Obamacare’s national grand opening, reports the Washington Post. “With the launch deadline mere
With just hours to go until the government’s Obamacare healthcare exchanges go live nationwide, Health and Human Services (HHS) Secretary Kathleen Sebelius said on Monday that Obamacare’s grand opening will be a historic success, “shutdown or no shutdown.” “We’re about
For the first time in its 79-year history, the Federal Housing Agency (FHA) announced on Friday the need for a $1.7 billion bailout from the Treasury to cover losses on its reverse home mortgage programs. FHA Commissioner Carole Galante said
A stunning new actuary report on Detroit’s pension implosion has revealed that Detroit trustees doled out nearly $2 billion in undisclosed holiday “bonuses” to Detroit workers and retirees negotiated by the city and its unions. Internally, officials called the bonuses
Communist dictator Mao Tse-tung’s infamous Little Red Book–also known as Quotations from Chairman Mao–is the second most published book in history, second only to the Bible. Now, just in time for Christmas, Chinese readers will be able to purchase a
Obama Administration officials led by Attorney General Eric Holder will travel to Detroit on Friday to meet with officials to discuss President Barack Obama’s plans to give a package of at least $320 million to the bankrupt Motor City, which
Goldman Sachs analyst Alec Phillips said in a client note that a short government shutdown could be a good thing if it forces Republicans to raise the debt ceiling: It would be a mistake to interpret a shutdown as implying
A Treasury Inspector General for Tax Administration report released on Wednesday found that the Internal Revenue Service (IRS) cannot account for $67 million spent from an Obamacare implementation slush fund. “Specifically, the IRS did not account for or attempt to
With just four days until the grand opening of Obamacare’s healthcare exchanges, the Obama Administration quietly told Latino groups on Wednesday that the Spanish version of the healthcare.gov website will not be ready for weeks. The delay could potentially affect
The Washington, D.C. Obamacare exchange announced on Wednesday it will not be ready on October 1 to calculate the taxpayer-funded subsidies people can receive to purchase health insurance. It will also be unable to determine Medicare eligibility. Officials say determining
On Wednesday, the Federal Reserve said U.S. household wealth jumped $1.3 trillion in the second-quarter. During the same period, however, food stamp enrollments–a classic measure of personal economic instability–jumped by 211,708 people. Between April and June, America’s net worth increased
A year-long investigation by NBC Bay Area has revealed that Google executives bagged millions of dollars in taxpayer-funded fuel to fly their private aircraft. A Google-owned company, H211, purchased $7,891,175.35 in jet fuel at rates two to four and a
An analysis by the Daily Mail has found that 19.5 million of President Barack Obama’s 36.9 million Twitter followers (53%) belong to phony Twitter accounts. The study, which used StatusPeople.com to conduct its analysis, found that First Lady Michelle Obama
Andy and Amy Mangione of Louisville, Kentucky say their health insurance nearly tripled overnight from $333 a month to $965 due to Obamacare. “When I saw the letter when I came home from work, it said ‘your action required, benefit
Two Cleveland men plead guilty on Monday to committing $2 million in food stamp fraud. Brothers Saed (Sam) Wahdan and Maher (Mario) Wahdan took food stamps at four Cleveland stores in exchange for ineligible goods like beer and cigarettes, says
A poll by German publication Spiegel finds that just 39 percent of Germans now fear global warming, down from 62 percent in 2006. Spiegel says the dramatic shift in public attitudes could be attributable to the fact that average global
In the wake of the National Security Agency (NSA) spying scandal, President Barack Obama announced the creation of an “independent group” of “outside experts” that would ensure civil liberties were not violated and that the public’s trust restored. Now, with
On Sunday, the New York Times reported that “many insurers are significantly limiting the choices of doctors and hospitals available to consumers” due to Obamacare. As Times reporter Robert Pear notes, “having an insurance card does not guarantee access
Hollywood Casino in Grantville, Pennsylvania has told its part-time workers that they may no longer work over 30 hours. The reason: Obamacare. “Not the first, won’t be the last,” Gene Barr of the Pennsylvania Chamber of Business and Industry told
On Friday, President Barack Obama told workers at a Ford plant in Liberty, Missouri, “if we don’t raise the debt ceiling, we’re deadbeats.” Obama’s comments come as he and Republicans square off over the budget and the raising of the
Last week, the Government Accountability Office (GAO) found that roughly 36,000 individuals since January 2013 have received $1.29 billion in potentially improper cash disability insurance payments. Disability enrollments have exploded in recent years. Since 2009, 5.9 million people have been
The Obama Administration announced on Tuesday it plans to auction off its remaining $168 million loan to Fisker Automotive–the “near-dead” and “once-glamorous maker of plug-in hybrid cars”–reports USA Today. Originally, Fisker scored $528 million in taxpayer-backed loan dollars but did
House Majority Leader Eric Cantor (R-VA) scored a major legislative achievement as he led House conservatives to a 217-210 victory on Thursday’s vote for the GOP’s food stamp reform bill. “This bill is designed to give people a hand when
An Obamacare software glitch is now incorrectly tabulating how much people must pay for health insurance, according to a report from the Wall Street Journal. “There’s a blanket acknowledgment that rates are being calculated incorrectly,” a senior health insurance executive told the WSJ.
With just ten days to go until Obamacare’s insurance exchanges begin, President Barack Obama touted the crony capitalist benefits of his healthcare overhaul to corporate executives Thursday. “The cost of healthcare is now growing at the slowest rate in 50
Ranking Member of the Senate Budget Committee Sen. Jeff Sessions (R-AL) said in a speech Thursday that the moribund U.S. economy and cronyism have effectively waged economic war on the working class. “‘Quantitative easing’ has boosted wealth in the investor
On September 18, the Obama Labor Department announced that married same-sex couples must receive the same pensions, 401(k)s, health plans, and employee benefits as heterosexual married couples, regardless of whether they live in one of the 37 states where same-sex
With the House expected to vote this week on a Republican food stamp reform bill designed to reduce fraud and encourage self-sufficiency, Democrats have launched a full-scale effort to oppose the measure. “These cuts to SNAP [Supplemental Nutrition Assistance Program]
The Federal Reserve announced on Wednesday it will continue its unprecedented $85 billion a month bond-buying strategy despite earlier indications it would begin tapering its controversial quantitative easing policies. The announcement comes as the Fed has downgraded its outlook for the
For years, conservatives and libertarians have railed against the Federal Reserve’s controversial three rounds of “quantitative easing” (QE for short) that pumped $2.8 trillion through its $85 billion monthly bond-buying scheme. However, a new Reuters/Ipsos survey finds that 73% of
A Congressional Budget Office (CBO) report released Tuesday projects that the federal public debt, currently at 73% of GDP, will hit 100% by 2038. However, as James Pethokoukis of the American Enterprise Institute points out, buried inside the CBO analysis is
Starbucks CEO Howard Schultz says Obamacare is “a good thing for the country.” The coffee giant chief’s comments came during a CNBC interview with anchor Maria Bartiromo. “On balance, I would say the health care law, to provide health insurance
A Census Bureau report released on Tuesday reveals that the typical American family now earns less than it did in 1989. In 1989, median household income was $51,681 (in current dollars). In 2012, median household income was $51,017. Photo source: The
Manhattan Federal Judge Katherine Forrest has ruled that federal authorities may seize a 36-story Fifth Ave. tower linked to Iran estimated to be worth $500 million to $700 million. “The court has found that, based on incontrovertible record evidence,” the building at
In 2012, 8.4% of Americans identified themselves as “lower class,” the highest rating ever recorded in the four decades the General Social Survey has asked the question. The Los Angeles Times says that for people like Chris Roquemore, who are
Last week, the House passed the No Subsidies Without Verification Act (H.R. 2775) to require income verification of individuals seeking Obamacare subsidies. In July, the Obama Administration quietly announced that Americans wishing to receive Obamacare benefits would be on the
