Welcome to the post-sequester apocalypse. As much as President Obama will have us believe otherwise, the greatest financial catastrophe in the coming days will not be of Washington's making at all.
If you're looking to see what a policy of liberalism can do to a city, look no further then Rock City. Despite one of the most aggressive ECD campaigns featuring celebrities Eminem, Jeff Daniels and Tim Allen, not even Hollywood can save Detroit from going broke and despite being taken over by the State of Michigan saving the City still had to declare bankruptcy.
President Obama on October 13, 2012 stated that he "refused to let Detroit go bankrupt." Well, Mr. Obama maybe you should have tried to write a very big personal check to save Detroit as once again your words have been proven false. more >>
In the last several elections, we've witnessed a failed campaign strategy in which the Republicans campaigned not on morality, but on prosperity. It was money over morality. Rather than have the courage to call out sin by its name, Republicans chose to talk about the economy. Talking about the economy is safe. It's politically correct. It's non-offensive. And non-religious.
As a result, a lying anti-American was given free reign-twice-- to wreck the country.
Indians know what it's like to live in the past. Now American patriots will know. They are on an ideological reservation now, and soon, perhaps, on an economic–or even geographic reservation. more >>
Americans have every right to be worried. Come January 1, 2014 and for years to come, their health insurance premiums will implode, their taxes will increase, and the nation's deficit will soar-all thanks to President Obama, those who voted him and Democratic Congressmen who voted for ObamaCare.
Americans can expect individual premiums to become unaffordable. According to a new report released by the House Energy and Commerce Committee, ObamaCare will increase individual health insurance premiums by an average of nearly 100 percent. In some cases, premiums could rise by 400 percent. The committee prepared the report based on internal documents they received from some of the nation's largest health insurance companies. "The average yearly cost for a new customer in the individual market grows from $1,896 to $3,708-a $1,812 cost increase," the report states.
The Committee projections were right. Last week, for example, Covered California-the name for the state's insurance exchange-released the rates that Californians will have to pay to enroll in the exchange-an increase of up to 146 percent for individual premiums. more >>
The annual Trustees Report for Social Security has just been issued and the news is that there is no news. Social Security is on its way over a fiscal cliff – what we hear every year when the report is issued.
According to this year's report, Social Security will be insolvent in 2033 – 20 years from now - when those now 47 years old will be eligible for their full promised benefits.
Nothing gets done because the heroes representing us in Washington won't act on anything politically tough until emergency sirens force them. more >>
The U.S. economy is not yet in recovery mode, according to the second quarterly report of 2013 of the UCLA Anderson Forecast's outlook for the United States.
A release on the forecast issued on Thursday notes that despite "improvement in both GDP and key economic sectors, the overall growth falls short of the rates required for the national economy to truly recover from the most recent recession."
In its June issue, UCLA Anderson Forecast Director Ed Leamer notes that the U.S. economy is not in recovery because economic growth levels currently fall far short of the levels needed to bring the economy back to trend. more >>
A surprising and public rift opened up has opened up between President Obama and his lawyers over whether profit-making businesses can pursue goals other than making money, including adhering to religious requirements.
In courtrooms across the country-including one recently in Philadelphia-Department of Justice lawyers told judges that profit-making businesses with religious objections to the HHS contraceptive mandate cannot exercise religion. Profit-making business apparently can pursue just one goal: making money. Business owners must check their religious values at the door.
Yet, President Obama offered the opposite message to a group of men graduating from Morehouse College. He urged them to forge careers in business, but to avoid focusing solely on profits. Instead, they should consider "what broader purpose your business might serve" by pursuing values other than profits, like "transforming a neighborhood." The President's comments echoed his remarks last year at the National Prayer Breakfast, where he proclaimed that leaving our "values at the door" would "abandon much of the moral glue that has held our nation together for centuries." more >>