Political parties, that is. Since 1976, taxpayers have subsidized a portion of the cost of political conventions, with the money derived from the Presidential Election Campaign Fund. In 2008, the Republican and Democrat conventions received a total of $33.6 million for grants to hold their political conventions (this is in addition to appropriations they received [...]
READ MORE −−>According to the Congressional Budget Office, over the next ten years the IRS will require between $5 billion and $10 billion in funding to implement Obamacare.
Scores of new federal mandates and fifteen different tax increases totaling $400 billion are imposed under this bill. In addition to more complicated tax returns, families and small businesses [...]
The Exchanges with Historic Whaling and Trading Partners program provides non-competitive grants to support culturally-based educational activities “to assist Alaska Natives, native Hawaiians, and children and families living in Massachusetts linked by history and tradition to Alaska and Hawaii, and members of any federally recognized Indian tribe in Mississippi.”
Besides being non-competitive in nature, [...]
In 2008, the Internal Revenue Service (IRS) reported that over 97,000 federal employees were delinquent on their federal income taxes, owing a total of $1 billion in unpaid taxes.
More than 3 percent of the 2.8 million federal civilian employees owed the Treasury unpaid federal income taxes in 2008, according to the IRS. This [...]
Illegal immigration is a problem in our country. We struggle to keep our borders secure and to enforce our laws. This week, however, the Houston Chronicle discovered a memo detailing plans to “upgrade” nine detention facilities.
ICE officials intend to roll out a series of changes at several privately owned immigration detention [...]
Ever made cookies? Or brownies? Most recipes run a fraction of a page. Not so with the US military. Their “recipe” (or specs) run 26 pages.
Here is the yummy recipe – ahem – “formula” for oatmeal cookies:
3.3.6 Oatmeal cookie formula. The formula for the oatmeal cookie shall be as [...]
The Congressional Budget Office now predicts the Social Security fund will pay out more than it earns starting this year – as in it’s happening right now.
That’s just a shade off of last year’s forecast, which expected the fund to run a deficit starting in late 2016.
The current forecast reveals a torrential drop from $20 [...]
READ MORE −−>The Securities and Exchange Commission is supposed to be the sheriff of the financial industry, looking for financial crimes like Bernard Madoff’s Ponzi scheme. A new report, obtained by ABC News, says senior employees of the SEC spent hours on the commission’s computers looking at pornographic sites.
The investigation, which was conducted by the SEC’s internal [...]
Created to subsidize the development of educational television programming targeted at elementary school age students and their parents, the “Ready to Learn TV” program has failed to demonstrate that it is improving educational attainment.
Even the Department of Education has said that many of the shows and projects funded under this Act failed to meet their [...]
Created in 2005, the Federal government currently spends $6.25 million annually for a Truck Parking Facilities program. This program was created to provide government funding for projects that will facilitate long-term truck parking, including the potential construction of long-term truck parking facilities that would compete with private truck stop operators.
According to the US Department [...]
It seems that A&D Publishing sells copies of the Constitution. That’s good. However, they also felt they must attach a disclaimer to the Constitution. That’s bad. The disclaimer says:
This book is a product of its time and does not reflect the same values as it would if it were written today. [...]
From Bloomberg.com:
President Barack Obama is poised to increase the U.S. debt to a level that exceeds the value of the nation’s annual economic output, a step toward what Bill Gross called a “debt super cycle.”
The CHART OF THE DAY tracks U.S. gross domestic product and the government’s total debt, which rose past $13 trillion for [...]
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