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
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
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
Sen. Jay Rockefeller (D-WV), one of the architects of the Affordable Care Act, said on Tuesday that the healthcare law, set to go into full effect in less than eight months, is “probably the most complex piece of legislation ever
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
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 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.”
Former White House Green Jobs Czar Van Jones says a controversial new biography of Fox News Chief Roger Ailes contains quotes attributed to Ailes that are tantamount to a “disgusting… racial charge” against President Barack Obama. On pages 222-223 of
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
The White House Office of Management and Budget (OMB) released figures with President Barack Obama’s 2014 budget that reveal he will become the first president in U.S. history to spend $4 trillion in a single year. In fiscal 2016, the
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,
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
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
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
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
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
After spending a year studying political intelligence firms that gather insider political tips and sell them to investment firms, the Government Accountability Office (GAO) issued a 34-page report that named few names and contained no recommendations for how to crack
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
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
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
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
A new book by former Reagan budget director David Stockman reveals that during the financial meltdown of 2008, the Federal Reserve “pumped out fresh cash at the rate of $700 million per hour, adding another $900 billion to its balance
“Sean Hannity Special–Boomtown 2: The Business of Food Stamps” with Government Accountability Institute’s Peter Schweizer and Breitbart’s Stephen K. Bannon is scheduled to air on Friday, April 5th at 9:00 p.m. EDT on the Fox News Channel. With nearly 50
The trustee for the now-defunct U.S. brokerage firm MF Global, former FBI Director Louis Freeh, issued a 124-page investigatory report blasting former MF Global CEO and Obama bundler Jon Corzine for “negligent conduct,” employing trading strategies with lax oversight, and
The Obama Administration is angling to allow people with questionable credit to receive home loans, encouraging lenders to use more subjective judgment, and pushing banks to utilize programs through the Federal Housing Administration (FHA)–an executive branch agency that sticks taxpayers
Even as the Obama White House prepares for a star-studded White House concert featuring Queen Latifah, Cyndi Lauper, and Justin Timberlake, figures from the U.S. Census Bureau reveal that roughly 50 million Americans–one in six–now live below the poverty line.
Subsidized Stafford student loan interest rates will double on July 1st for loans taken out by new students entering college. President Barack Obama used the issue to rally younger voters during the last election as he advocated keeping the rates lower,
A new Forbes article by Government Accountability Institute (GAI) President and Co-founder Peter Schweizer reveals that former Obama Administration officials and fundraisers are now leveraging their access and influence to bag big billings from Wall Street investment firms as part
In what may mark the beginning of a historic shift, Australia appears ready to bypass the U.S. dollar as the world’s reserve currency and allow for the direct convertibility of the Australian dollar into the Chinese yuan. “Reserve currency” is
During a Monday press conference, Governor Rick Perry (R-TX) withstood pressure from Democrats and some Republicans to back down from his opposition to a Medicaid expansion under Obamacare. “It would benefit no one in our state to see their taxes
Recent data from the U.S. Drought Monitor reveal the United States is in one of the worst droughts since the 1980s. The drought is projected to cost the U.S. economy up to $50 billion. U.S. Department of Agriculture meteorologist and
Cypriot President Nicos Anastasiades denies reports that a company owned by his family withdrew tens of millions of dollars before the government decided to seize up to 62.5% of uninsured Cypriot bank depositor monies as part of a $13 billion
A new real estate survey by Realty Trac says at least 301,874 “zombie” homes have been abandoned after their owners fell into foreclosure. With 90,556 empty homes in foreclosure, Florida ranked number one in zombie homes. Illinois’s 31,668 and California’s
Even as news is surfacing that the Cypriot bank “bail-in” will now confiscate up to 62.5% of depositor funds, a new budgetary document from Canada’s finance minister suggests that America’s neighbor to the north may be considering a Cyprus-like bail-in
Banks embroiled in the LIBOR (London Interbank Offered Rate) interest-rate rigging scandal got a big break on Friday as a federal-court judge ruled they did not breach federal antitrust laws, a judgment that could save the banks sizable sums from
As America’s 246 million Christians prepare to celebrate the death and resurrection of Jesus Christ, China’s 67 million Christians are doing the same. In 1949, China had just four million Christians–three million Catholics and one million Protestants. Today, there are three
Cyprus President Nicos Anastasiades has struck a deal with the European Union and International Monetary Fund that will seize up to 40% of uninsured funds from wealthier depositors with over 100,000 euros and will not siphon funds from those below
The recent canceling of White House tours in the name of sequester-related cuts understandably has disappointed children and families grousing. Canceling tours of “the people’s house” saves taxpayers an estimated $18,000 a week, or $936,000 a year. Putting that figure in perspective, the U.S.
Adults struggling to survive in the Obama economy are now signing up for so-called “cooperative households” as a cost-cutting tactic. A CBS 2 New York report by Dana Tyler titled “Desperate Roommates” highlighted the trend wherein “total strangers desperate to
The U.S. government could save taxpayers up to $8 billion by selling off the estimated 55,000 to 77,000 vacant properties it owns or leases. At a time when the White House says it cannot find the $18,000 a week it
