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National Debt Continues To Soar

(8 Jan 2015) During the 71 full months of Czar Obama's reign, the national debt increased by $7.51 trillion to $18.14 trillion, at an annual rate of $1.27 trillion. The increase in the last 12 months was $0.79 trillion. During Bush's 95 full months, the debt increased $4.98 trillion at an annual rate of $0.63 trillion. Obama's rate is 2.02 times Bush's. Bush was bad ... Obama is horrible.

I Am Sure Glad We Have The 1 Percenters

(8 Jan 2015) In 2012, 136.1 million federal personal income tax returns were filed with adjusted gross incomes (AGIs) of $9.04 trillion. Total taxes were $1.185 trillion. The 1% of returns with the highest AGIs reported 21.9% of the income and paid 38.1 % of the taxes. The bottom 90% paid only 29.8% of the taxes. The top 50% paid 96.7% of the taxes. The top 1% paid an effective income tax rate of 22.8% and the bottom 50% paid an effective rate of 3.28%. (Sources: IRS, 22 Dec 2014 Tax Foundation)

Student Loans Exceed $1 Trillion

(8 Jan 2015) In Nov. 2014, the federal direct student loan balance was $0.81 trillion. In Sept. 2014, the total federal and private student loan balance was $1.13 trillion. (Sources: Treasury Dept., Federal Reserve Bank of New York)

Federal Bureaucrats Delay Oil, Natural Gas, Coal And Wind Projects For 6 Years

(1 Jan 2015) Sales of leases on 8.1 million acres of federal oil, natural gas, coal and wind energy parcels in 7 states have been on hold since 2008 by the Bureau of Land Management because of sage grouse. The 6-yer delay is in spite of the sage grouse being neither endangered (there are 500,000) or protected. During this time, the national active federal oil / natural gas lease acreage has decreased more than 20% to 26.6 million acres. The regulatory effort related to the sage grouse includes overhauling 99 federal land-use plans. Since 2008, only 1 plan has been completed. (Source: 5 Dec 2014 Associated Press)

Immigrant Employees Increasing ... Employment Of Americans Born In U.S. Decreasing

(28 Dec 2014) The number of working legal and illegal immigrants has risen by 2 million, from 23.1 million in Nov. 2007 to 25.1 million in Nov. 2014. During the same time period, the number of working Americans born in the U.S. has decreased by 1.5 million. The working-age population grew 11 million. (Source: 19 Dec 2014 Center for Immigration Studies)

More Illegal Aliens Entered In 2014, But Fewer Were Deported

(28 Dec 2014) DHS is funded to deport 400,000 immigrants a year, but deported only 102,000 in fiscal 2014. Illegal immigration rose 16% in fiscal year 2014, while deportations fell 24%. (Source: 19 Dec 2014 Dept. of Homeland Security)

National Debt Continues To Soar

(23 Dec 2014) During the 70 full months of Czar Obama's reign, the national debt increased by $7.37 trillion to $18.01 trillion, at an annual rate of $1.26 trillion. The increase in the last 12 months was $0.79 trillion. During Bush's 95 full months, the debt increased $4.98 trillion at an annual rate of $0.63 trillion. Obama's rate is 2.01 times Bush's. Bush was bad ... Obama is horrible.

Social Security, Medicare And Medicaid Cost More Than $1.75 Trillion Per Year

(23 Dec 2014) In fiscal 2014, the federal government spent $845 billion on Social Security, $603 billion on Medicare and $305 on Medicaid. (Source: Heritage Foundation)

Companies Can Avoid Obama Care Fines By Hiring Illegal Aliens

(26 Nov 2014) For firms that do not offer insurance, the penalty is $3,000 for every employee receiving a subsidy on an Obama Care exchange. However, Czar Obama's executive order covering illegal aliens permits these companies to hire illegal aliens and not pay the $3,000 penalty. (Source: 26 Nov 2014 FOX News)

All By Itself, GM May Break Industry's Record For Recalls In 1 Year

(23 Nov 2014) So far this year, companies have issued recalls affecting more than 52 million vehicles. That shattered the full-year record of 30.8 million in 2004. Government Motors (GM) alone has issued recalls totaling more than 30 million vehicles this year. (Source: 4 Nov 2014 AP)

Obama Care Intentionally Written To Fool the Congressional Budget Office (CBO) And Voters

(23 Nov 2014) The following quotes were made by Jonathan Gruber at the University of Pennsylvania's 24th Annual Health Economics Conference on 17 Oct. 2013. A portion of his remarks while seated at a table with 2 men to his right were videotaped and posted on You Tube in Nov. 2014. He is a professor of economics at MIT and the director of the National Bureau of Economic Research Health Care Program. He has been described as an "architect" and "writer" of Obama Care, having worked with both Czar Obama and Congress. "Lack of transparency is a huge political advantage. And basically, call it the stupidity of the American voter or whatever, but basically that was really, really critical to get the thing to pass. This bill was written in a tortured way to make sure CBO did not score the mandate as taxes ... the bill dies if CBO scored the mandate as taxes. It was written to do that. I wish ... we could all make it all transparent, but I would rather have this law than not."

Google And NRG Want Federal Grant To Pay Off Inefficient Solar Facility Federal Loan

(23 Nov 2014) In 2013, Czar Obama handed out $18.5 billion in renewable energy grants, with $4.4 billion going to solar projects. Ivanpah solar electricity plant (in California) is owned by Google and renewable energy company NRG. The project received a $1.6 billion construction loan from U.S. taxpayers. Now, owners want a $539 million federal grant to pay off their federal loan. From January through August, the plant produced only 25.4% of the power it's supposed to. An NRG spokesman blamed the weather, saying the sun didn't shine as predicted. NRG probably blames global warming for the lack of sunshine. The facility uses thousands of large mirrors on the ground to reflect concentrated beams at towers. The heat generates steam to turn turbines that create electricity. Flying birds mistake the mirrors as water. As they approach, the 800 degrees F solar beams roast them. A recent study called Ivanpah a "mega-trap" that will kill up to 28,000 birds a year. (Sources: U.S. Energy Information Administration, California Energy Commission, Center for Biological Diversity, 8 Nov. 2014 FOX News)

Michigan's Politicians Try To Stop Free-Market Innovation

(10 Nov 2014) The National Automobile Dealers Association, which represents almost 16,000 new-car dealers, is a crony-capitalist organization that inhibits competition. It supports a Michigan bill that prohibits automakers from selling a vehicle "directly to a retail customer other than through franchised dealers," with exceptions for nonprofit organizations and government agencies. Tesla Motors, which operates showrooms but only takes orders over the Internet, would be blocked from selling its electric cars under legislation that awaits Gov. Rick Snyder's signature. (Source: 16 Oct 2014 Bloomberg)

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