Seemingly unaware of the nation’s debt crisis, the federal government is attempting to revamp its foreclosure-prevention program to make it easier for out-of-work homeowners to keep their homes.
The city council of tiny Alto, Texas — population 1,200, about 140 miles southeast of Dallas — shuttered its police department on June 15 because of a budget shortfall. In order to make up a $185,000 deficit, the council furloughed the four police officers and Chief Charles Barron for six months.
If the Obama administration gets its way, you can kiss your next SUV — and possibly your life, if you're involved in an automobile accident — goodbye. The administration is proposing a doubling of current federal gas mileage standards by 2025. New cars manufactured in that year would be required to meet a Corporate Average Fuel Efficiency (CAFE) standard of 56.2 miles per gallon, which the New York Times calculates “would require increases in fuel efficiency of nearly 5 percent a year from 2017 to 2025.”
On the day President Obama took office in January of 2009, regular unleaded gasoline was selling nationally at an average price of $1.83 per gallon. The national average price has recently been as high as $3.98 per gallon, according to the American Automobile Association’s Daily Fuel Gauge Report. (The highest recorded average price was set on July 17, 2008, when it hit $4.11 per gallon.) That is not good news for President Obama.