176 results for search: Gross


National debt to soar to 77 percent of U.S. gross domestic product by end of fiscal year

Spendthrifts in Washington, D.C. by the end of September will have sent our national debt soaring by three percentage points to 77 percent of gross domestic product, the greatest ratio of debt-to-GDP we’ve seen since 1950 when we were still paying down debt from World War II. The Washington Examiner has the scoop: The agency projected that the debt held by the public will rise 3 percentage points to 77 percent of U.S. gross domestic product by the end of fiscal year 2016 in September. Debt has not hit that ratio since 1950, when the government was still in the middle of paying down the debt it incurred paying for World War II. Over the ...

Arkansas VA spent $408 million on solar-panel project as veterans faced brutal wait-times

Officials at an Arkansas Veterans Affairs hospital over a five-year period spent $408 million a so-called “green management” solar-panel project that went over schedule and over budget as former servicemen and women awaited care long overdue, according to a VA inspector-general report spurred by members of Congress. The Daily Caller has the details: The move to solar is part of the VA’s Green Management Program, which is tasked with installing renewable energy sources at various medical facilities. The probe included 11 out of 15 solar panel projects awarded from 2010 through 2013, which were still incomplete in 2015. Each of the 11 solar ...

Yes, Obamacare increased healthcare premiums substantially

Outrage against Obamacare isn’t just a conservative talking point—it’s the natural response when big government sticks it to the little guy. Overwhelming evidence from scholars shows that the Affordable Care Act “significantly increased premiums.” Two Brookings Institution researchers attempted to show through analysis that the ACA had caused average premiums in the individual market to drop; however, Loren Adler and Paul Ginsburg left out some important points. A Forbes contributor reported: Economists at the University of Pennsylvania, also using actual pre-ACA individual market data, estimated that the total expected price of ...

Congressional Budget Office: U.S. federal debt in 2035 projected to exceed historic high

The U.S. federal debt is ballooning and expected to exceed U.S. gross-domestic product by 2035 – a bleak projection that even has officials at the Congressional Budget Office admitting that, if something isn’t done to curb the nation’s financial woes, our debt could soon spell worldwide financial disaster. The Hill has the details: The United States is less than two decades away from exceeding its highest recorded level of federal debt, according to the non-partisan Congressional Budget Office (CBO). The CBO projects that U.S. federal debt will pass 106 percent of the country's gross domestic product (GDP) by 2035, in its second long-term ...

Tea Party Patriots Weekly Report from Washington for 7/10/16

CALENDAR: The House will return on Monday, July 11, with the first vote scheduled for 6:30 PM. The House will stay in session until Friday, with no votes later than 3:30 PM. And then begins the Summer Recess, which will last for seven glorious weeks, until Tuesday, September 6. The Senate will return on Monday, July 11, with the first vote scheduled for 5:30 PM. The Senate will stay in session until Friday, at which point begins the Senate’s Summer Recess, which will also last for seven glorious weeks, until Tuesday, September 6. LAST WEEK ON THE HOUSE FLOOR: The House was in recess for the Fourth of July break from Friday, June 24 ...

Sen. Cruz weighs in on FBI’s white-glove treatment of Hillary Clinton

On the heels of FBI Director James Comey’s announcement he isn’t recommending the Justice Department pursue criminal charges against former Secretary of State Hillary Clinton for transmitting state secrets on a private unsecure email server, Sen. Ted Cruz (R-Texas) released his own indictment of the Obama-administration officials letting her off scot-free. "While I have tremendous respect for the dedicated men and women of the FBI, I have serious concerns about the integrity of Director Comey’s decision, and how it threatens the rule of law,” Sen. Cruz says in a statement released Tuesday. Director Comey said there is evidence Clinton ...

FBI Director Comey: Clinton, colleagues ‘careless in their handling of very sensitive, highly classified information’

FBI Director James Comey Tuesday announced the bureau will not recommend criminal charges be leveled at former Secretary of State Hillary Clinton for transmitting state secrets via an unsecured, personal email server but did say that Ms. Clinton was "careless," sending 110 emails then-considered classified. “Although we did not find clear evidence that Secretary Clinton or her colleagues intended to violate laws governing the handling of classified information, there is evidence that they were extremely careless in their handling of very sensitive, highly classified information,” Mr. Comey says in his prepared statement. Director Comey’s ...

Reps. DeSantis, Jordan: ‘Congress has the duty to hold [IRS] Commissioner Koskinen accountable’

Two U.S. House members this week published a joint opinion piece decrying President Obama’s crooked IRS Commissioner John Koskinen – both calling for the commissioner to be impeached after the agency executive looked the other way as evidence critical in the agency targeting scandal and subpoenaed by Congress was destroyed. The Washington Examiner has the details: Reps. Jim Jordan, R-Ohio, and Ron DeSantis, R-Fla., also said Koskinen hid the fact that evidence was destroyed for four months, even as he promised all the documents would eventually be provided. "Congress has the duty to hold Commissioner Koskinen accountable for failing to live ...

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Tea Party Patriots Weekly Report from Washington for 5/15/16

  CALENDAR: The House comes back into session on Monday, May 16, and will be in session through Thursday, with last votes expected no later than 3 PM. The Senate will return to session on Monday, May 16, and will be in session through Friday. LAST WEEK ON THE HOUSE FLOOR: The House came back into session on Tuesday, and took up 21 bills under Suspension. But I’m going to skip most of what happened on the House floor last week, because the only thing of great significance that happened was the consideration and passage of a dozen and a half different but related measures, all dealing with various aspects of the nation’s ...