Taxpayers pay $163 billion in interest to Apple, Cisco, Google, Microsoft in offshore accounts
United States taxpayers make large interest payments to the top four technology firms for the $163 billion in US government debt the companies own and shelter in tax-free offshore accounts. photo by photoSteve101 More...
GOP challenger Steve Stockman targets John Cornyn on debt ceiling vote
The Senate vote to raise the debt ceiling has created a firestorm in the GOP. Ted Cruz pushed for a filibuster which raised the required votes needed to pass the bill from 51 to 60. This step created deeper division More...
Ted Cruz loses battle over debt ceiling conditions, 12 Republicans join Dems to increase borrowing
Congress passes an increase to the country’s debt limit through March 2015, which will allow federal borrowing without any conditions after a dramatic shift in voting Wednesday. Republican Ted Cruz pressed More...
Potential 2016 Republican presidential contenders, Rand Paul and Marco Rubio vote against raising the debt ceiling
Several possible Presidential contenders for the Republican Party in 2016 voted no for raising the debt ceiling Wednesday being part of a relatively small group of conservatives to do so. Sens. Marco Rubio of Florida, More...
Florida governor candidate Adrian Wyllie departs from ‘Fix the Debt’ saying it’s about ‘political cover’
The Florida ‘Fix the Debt’ chapter was a group organizing leaders from all political parties to devise and enact “solutions to fix the debt.” Adrian Wyllie gaining ground in the Florida race for governor? More...
Obama: shutdown ‘inflicted unnecessary damage to economy’ as Biden takes EPA workers snacks
The government shutdown and threat of a rumored US default before the debt ceiling was raised “inflicted completely unnecessary damage (to) our economy,” President Obama said Thursday morning at the More...
Senate reaches short term deal to end shutdown, raise debt ceiling until 2014
Back the House goes the debate on raising the debt ceiling and ending the partial government shutdown. The Senate has struck a deal to fund the government to January 15 and raise the debt ceiling to extend spending More...
Thomas Roberts asks GOP Rep if she hates ‘Obamacare more than’ she loves the country
MSNBC anchor Thomas Roberts tried Tuesday to back Republican Congresswoman Marsha Blackburn into a corner by asking her an inflammatory and partisan question. “Let me ask you, when it comes to Obamacare, do you More...
Obama won’t deal, House takes a break as the Senate leaders talk
Republican leadership told the Republican caucus during a Saturday morning meeting that the president will not accept their proposal to raise the debt limit for six weeks. photo donkeyhotey donkeyhotey.wordpress.com House More...
Chris Wallace battles Jack Lew on President Obama’s refusal to negotiate: ‘Your history is wrong’
From Fox News Sunday, host Chris Wallace and Treasury Secretary Jack Lew battled over the history of the debt limit, with each accusing the other side of incorrectly evaluating historical trends as the President More...
President Obama says end shutdown, pass new debt ceiling and he’ll negotiate changes
President Barack Obama says he’s willing to negotiate changes to his signature health care law and to find ways to reduce spending, but stresses he will not bargain until after Congress reopens the government More...
Treasury warning on debt ceiling: Congress has a lot of work to do, money will run out mid-October
Treasury Secretary Jack Lew said Congress isn’t working fast enough to extend the debt limit and the consequences of inaction are dire. photo by photoSteve101 via Flickr “If you look at the calm out there, which More...
Harry Reid calls Ted Cruz a ‘schoolyard bully’ over budget battle
Senate Majority Leader Harry Reid (D-Nev.) called Sen. Ted Cruz (R-Texas) a “schoolyard bully” during a contentious exchange Monday on the Senate floor. The two senators battled as Cruz rose to object to Reid’s More...
House suspends debt ceiling debate, adds ‘no budget, no pay’ clause
Republicans retreated on their previous demand that any debt limit increase be paired with equal spending cuts. photo Kmccoy House Speaker John Boehner said the GOP will continue to push its budget plan, which he More...
Ron Paul: Krugman’s $1 trillion coin idea “just another variant of the endless stimulus proposals’
You Tube screen shot As many of you know, the liberal, Keynesian sage, Paul Krugman introduced the idea of a $1 trillion platinum coin be minted and as Krugman suggests, then depositing it at the Fed. This would More...
Senator Rand Paul introduces Default Prevention Act, ‘My legislation takes the possibility of default off the table so we can continue to push for fiscal restraint’
YouTube Screen Shot Kentucky Senator Rand Paul introduced Tuesday in the senate the “Default Prevention Act”. The Act would require the President to prioritize federal revenue to interest on the national More...
President Obama says GOP will not ‘ransom’ America over debt ceiling
President Obama followed the Saturday press release on the debt ceiling with a speech Monday to target the GOP and negotiations over the debt ceiling. “They will not collect a ransom in exchange for not crashing More...
Fiscal Cliff Simplified
It’s that easy! When you sit down to balance your family checkbook, do you decide to get yourself out of debt by spending more money? Of course not! But this is what Obama and his Congress has done.. they More...
President Obama calls Congressional leaders for fiscal cliff update as deadline looms
President Barack Obama telephoned congressional leaders on Thursday from both parties with just a few days left to reach a deal to avoid the year-end tax increases and spending cuts known as the fiscal cliff. official More...
Delusional GOP budget proposal by Paul Ryan is $3.5 trillion
House Republicans on Tuesday made it official: They’re proposing a $3.53 trillion budget for 2013 that would kill $55 billion in spending cuts aimed at defense and make up for them with savings elsewhere in More...
