Economics

Gallup Poll: 70 Percent of Republicans Oppose Raising Debt Ceiling

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Many Republican congressmen have expressed opposition to an increase in the $14.3 trillion debt ceiling. And a new Gallup poll shows Republican voters feel the same way. Indeed, 70 percent of them oppose lifting the debt-limit ceiling, while only 8 percent favor it, and 21 percent say they know too little to decide, The Hill reports. [...]

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Under Pressure On Gas Prices, Obama Shifts On Domestic Drilling

Drill Baby Drill

The White House will take a series of steps — including expediting drilling plans on government lands in Alaska — designed to show that the administration is serious about expanding domestic oil production and lowering gas prices. President Obama announced Saturday the government would hold annual onshore lease sales in Alaska’s National Petroleum Reserve; extend the life of leases [...]

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Boeing vs. the NLRB: A Naked Power Grab by Radical Pro-Unionists

boeing

The National Labor Relations Board (NLRB) contends that President Obama’s chief of staff, Bill Daley, threatened and made coercive statements against Boeing employees. You haven’t heard about these charges? Daley was on Boeing’s board of directors when the company unanimously decided to open up a second assembly line for the 787 Dreamliner in Charleston, S.C. [...]

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Medicare to Run Out of Money Five Years Earlier, Trustees Say

medicare

Medicare will run out of money five years earlier than previously estimated because of the slowing economy, the program’s trustees said in their annual report Friday. By 2024, the trust fund that pays for seniors’ hospital stays will be paying out more money than it takes in, the trustees warned. Social Security is projected to [...]

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New Yorkers Under 30 Plan to Leave City because of High Taxes

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Escape from New York is not just a movie – it’s also a state of mind. A new Marist College poll shows that 36% of New Yorkers under the age of 30 are planning to leave New York within the next five years – and more than a quarter of all adults are planning to [...]

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McConnell: No Raising of Debt Limit Without Cuts to Entitlements

Land of opportunity

Senate Minority Leader Mitch McConnell (R-Ky.) said Thursday that he will oppose increasing the debt ceiling unless President Obama and the Democrats  agree to short-term cuts in discretionary spending, as well as cuts in entitlement programs over the medium and long terms. “In the long term, we all know — long-term — we have over [...]

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Gas Prices Are High Because the Liberals Want It that Way

high gas prices

High gasoline prices are not a cause of the current economic recession, they are an avoidable and unnecessary symptom of liberal environmental and economic policies. When President Barack Obama took office the price of gasoline was $1.83 per gallon. Today it’s over $4.00. Understanding why that is so will give you insight into the patient game [...]

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Democrats Have Now Officially Abandoned Working-class Americans

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Obama has been making “gutsy calls” all over the place! In full campaign mode, he’s been deploying his administrative agencies to do favors for his big contributors, to the detriment of ordinary Americans. Last week, Obama made the gutsy call to threaten public schools that are asking students for proof of residency. The memorandum warned [...]

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How the Government will Seize your Retirement Account

iWantYourRetirementAccount

Following in the footsteps of a rather ignominious list of nations like Argentina and Hungary, the government of lreland is set to take its ‘fair share’ of private retirement funds. Drowning in debt and faced with unpopular, unrealistic, ridiculously unpopular austerity measures, the government has announced that it will now tax private pension savings in [...]

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Athlete Bolts Over Britain’s Tax Laws

Usain Bolt

USAIN BOLT, the Olympic 100 metres champion and world-record holder, will not compete in Britain this summer because of the huge tax-bill he would be hit with. Meet organisers of London Grand Prix had hoped the rules would be waived to allow Bolt to run here this year – after the previous Government took steps [...]

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Dem: Non-Energy-Producing States Shouldn’t Complain About High Gas Prices

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A U.S. senator — a Democrat – is taking a strong stand against a bill introduced by a fellow Democrat that would end energy subsidies for big oil companies. In a speech on the Senate floor Wednesday, Sen. Mary Landrieu, from the oil-producing state of Louisiana, said the bill introduced by Sen. Robert Menendez (D-N.J.) [...]

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The Incredible Shrinking Recovery

ObamaRecovery

There was President Obama at a recent fundraiser telling his star-struck enablers, look at me, after just two and a half years, I got the economy growing again. He didn’t tell them that the pitiful 1.7% annualized real growth rate in the first quarter compares to 7.1% annualized real growth at the same point in [...]

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White House Slams Bill That Would Expand Oil Production

offshore drilling platform

The Obama administration on Wednesday slammed a House bill that would allow oil companies to drill in at least 50 percent of the Outer Continental Shelf and open up areas in the South Atlantic for oil production. The bill, titled, “Reversing President Obama’s Offshore Moratorium Act,” is expected to pass the House late Wednesday or Thursday. In its “Statement [...]

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NY Lawmakers to Diplomats: Pay Your Parking Tickets or Lose Your Foreign Aid

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A trio of lawmakers from the New York City area introduced legislation Wednesday that would punish foreign countries whose diplomats do not pay city parking tickets. The unusual bill proposed by Reps. Michael Grimm (R), Pete King (R) and Edolphus Towns (D) would require the U.S. government to strip foreign aid and diplomatic license plates [...]

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Let’s Copy the Baltic Nations and Really Cut Spending

Baltic-Cuts2

All the talk of spending cuts in Washington is fictitious. Even the House Republican Study Committee budget allows spending to increase, on average, by 1.7 percent each year for the next decade. The Ryan budget, which critics deride for its “savage” cuts, allows spending to rise by an average of 2.8 percent each year. And [...]

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