If it sometimes feels like almost everyone is on the government dole except you, there may be a reason for that sensation: According to a recent study one-third of all income in the United States comes in various forms of “social welfare benefits.”
According to the Congressional Budget Office, attempts by Senate Democrats to cut spending have been feeble and at times, misleading. Analysts at the CBO have determined that the Senate Democrats’ plan for deficit reduction shows far less savings than that proposed by House Republicans.
On Sunday, March 6, Christiane Amanpour, moderator of ABC’s This Week, continued the network’s series “Made in America.”
It appears that there is at least one thing the Obama administration and the GOP can agree on, and that is that Fannie Mae and Freddie Mac have got to go.
The number of activities contemplated by the Founding Fathers in the Constitution for the federal government is very small. However, astute Americans are aware that much of what the government does these days involves a considerable stretching the Constitution — e.g., the "necessary and proper clause," the "general welfare" clause, and the "interstate commerce" clause — to "justify" the federal government's involvement in everything from education and entitlement programs to energy production and ecology.
The Utah House of Representatives voted on March 4 to make gold and silver coins issued by the federal government into legal tender within state borders, prompting praise from sound-money advocates across the nation. The legislation will now be taken up by the state Senate.
After years of media hype and presidential accolades, Chevrolet has rolled out its new electric car, the Volt, to one of the coolest receptions since Ford began production of the Edsel; in fact, the only way that sales figures for Chevy’s new electric car can appear positive is by comparing them to the even more abysmal sales experienced by the Nissan Leaf.
The catastrophic news on the U.S. Government's debt keeps coming. Since Jan. 5, when The New American reported that the debt had surpassed $14 trillion, the government has added more than $150 billion in unpaid bills.