For years, the Federal Government has kept budget deficits lower than they would have been by borrowing money from Social Security. However, now this borrowing has lead to a situation where Social Security is now in the red. In fiscal year 2010, Social Security will run a cash deficit of $28 billion. As pointed out...
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Social Security Is Now In The Red
Four Smart Health Care Reform Steps Democrats Won’t Consider
In the recent SOTU address, the President told opponents to the Democrat health care reform plans to come up with better ideas and he will consider them. The problem is that congressional Democrats have been crafting the health care reform bills in secret and behind closed doors. They have forgotten that bipartisanship means working...
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IPCC Chief Hid Himalayan Glacier Data Mistakes For Months
By now, most of you have heard about this global warming thing and how it is going to destroy the planet. For over the last several years, it has begun to be clear that the data from models used to push this hysteria does not match what is actually happening. Recently, there were reports from...
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Obama Continues Practice of No-bid Contracts He Criticised During Campaign
Once again, the Obama administration is back pedaling on promises that Obama made during the 2008 presidential campaign. Most recently, the Obama administration was caught continuing a practice that candidate Obama criticized President Bush for during the campaign. Apparently, President Obama does not see any problems of no-bid contacts now that he is the president....
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White House Clueless Over Scott Brown Win in Massachusetts
Many political pundits are talking about how the Scott Brown win in Massachusetts was at least partially due to independent voters in Massachusetts showing their displeasure with how Obama and the Democrats are pursuing their agenda. However, it appears that the White House is clueless about what the Scott Brown win in Massachusetts means....
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SEIU Warns Obama: Pass Obamacare or Else
With the election of Scott Brown in Massachusetts, Obama and House and Senate Democrats are wondering how they can pass any version of Obamacare. Lacking the 60 votes (bought or otherwise) in the Senate leaves Democrats a few very unpopular options such as pretending that Obamacare is a budget bill or having the unpopular...
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Obama Proposes New Financial Crisis Responsibility Fee
The Obama administration recently trumpet their new “Financial Crisis Responsibility Fee”. This new tax will apply to the nations largest 50 banks regardless if they participated in TARP or not. They will also be slapped with Obama’s new Financial Crisis Responsibility Fee even if they have paid back any bailouts plus interest. One of...
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Obama Exempts Unions from Cadillac Tax, For Now…
After the Senate passed their version of Obamacare health care reform, the labor unions began to object to the tax on the so called Cadillac insurance plans. Today, the administration is announcing that they have reached a deal with labor leaders to gain the support of the nations unions. The terms of the deal will...
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Cadillac Insurance Tax and a House Divided
Now that both the Senate and House have passed two different health care reform bills in support of Obamacare, the two houses of congress must come together to craft one bill. This is proving to be more difficult than the Democrats had thought with various special interest groups opposing different components of the two bills....
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House Democrats Upset with Senate Bill
After several weeks of wrangling , kickbacks, and out and out bribes, the Senate passed their version of Obamacare by a 60 to 39 vote along party lines. However, this doesn’t mean the bill is headed directly to the President’s desk. The Senate health care bill has to be reconciled with the House health...
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