In the wake of the Treasury Department’s newly released summary of federal spending for 2012, it’s now possible to detail just how profligate the Obama years have been. Here’s the upshot: Under Obama, for every $7 we’ve had, we’ve spent nearly $11 (or, to be more exact, $10.95). That’s like a family that makes $70,000 a year — and is already knee-deep in debt — blowing nearly $110,000 a year.
Food stamps enrollment has hit a new record high. 46,681,833 are now enrolled in the social welfare program, according to the United States Department of Agriculture, the federal department that runs the program.
A new chart provided by the minority side of the Senate Budget Committee details the alarming fact that enrollment in federal social welfare programs like Food Stamps, Medicaid, and Disability have far outpaced job growth over the last four years. Here's the chart:
During last Wednesday’s presidential debate, President Obama claimed that the private sector just can’t match the leanness and efficiency of the federal government. He was speaking specifically about privately covered health care versus government-run health care.
Just before breaking away for summer recess, the Senate Appropriations Committee voted 26-3 to approve $61.3 million in spending to fix the Capitol Dome. Only 3 senators on the almost 30-person body voted against the measure.
The latest CBO scoring of Obamacare, in the wake of the Supreme Court’s 5-4 decision upholding the overhaul’s individual mandate as an allowable (although seemingly unprecedented) tax on inactivity, shows that President Obama’s centerpiece legislation would cost about $2 trillion over its real first decade (2014 through 2023). The CBO also says that — despite its colossal cost and its unpreced
The federal government has been making the case that, with food stamps, "everyone wins," according to literature meant to promote the federal social welfare program. The argument is that accepting food stamp benefits helps to promote economic growth for the communities hosting those recipients.
While most of Washington is waiting around, nervously chewing on its fingernails in anticipation of the Supreme Court's Obamacare decision (may I have the envelope, please), there are some who are still in the fight. As Melissa Healy writes in the Los Angeles Times:
The eurozone might be cracking up, but as far as debt goes, America appears to be in worse shape than the entire eurozone in the long run. According to a new chart set to be released later today by the Republican side of the Senate Budget Committee, America is on track "to add three times more debt than [the] eurozone over [the next] 5 years."
"We will lose some of our shareholders’ money — and for that, we feel terrible — but no client, customer or taxpayer money was impacted by this incident. We have let a lot of people down, and we are sorry for it."
The mayor of New York does not believe that a willing buyer in search of a 32-ounce soft drink and a willing seller of the same should be allowed to make the deal. This, in a city that is famous for deals that involve quite a bit more than a few pints of sugar water and do a whole lot more societal damage. But never mind. People may have gone bust when Lehman went toes up, but nobody got obese as a result of its over-indulging in credit default swaps.
This month, the Los Angeles city council is expected to ban single-use plastic bags. “[T]he ban is an attempt by the city to reduce litter,” says the Los Angeles Daily News. But it is likely to reduce something else: jobs.