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Editor: U.S. credit will max out when the world ‘loses confidence in the dollars we owe’
A financial historian who has been writing for decades about economics says it’s time to stop incurring debt otherwise we will soon find our proverbial credit card has been declined. TIME has the commentary: We owe more than we can easily repay. We spend too much and borrow too much. Worse, we promise too much.…
Read MoreSupreme Court divided over challenge to President Obama’s executive-amnesty order
The Supreme Court this week is divided over a challenge to President Obama executive-amnesty order that would grant work permits to 5 million illegal immigrants. The New York Times has the story: A 4-4 deadlock seemed a real possibility, one that would leave in place an appeals court ruling that blocks the plan and…
Read MoreUnitedHealthcare is kissing the Obamacare marketplace goodbye
UnitedHealthcare, with the exception of a few states, is exiting the Obamacare marketplace in 2017, the CEO announced Tuesday. The Hill has the details: The announcement, made by CEO Stephen Hemsley on an earnings call, follows up on the company’s statement in November that it was considering dropping out of ObamaCare due to financial losses.…
Read MoreJenny Beth Martin: U.S. tax code ‘an invitation for mischief’
Another time-sucking and expensive round of tax filings have come and gone for American taxpayers. Meanwhile, our leaders in Washington, D.C. are doubtful meaningful tax reform will take place this legislative season even though the U.S. tax code for years has been used to target Americans for their political beliefs. Tea Party Patriots Co-Founder Jenny…
Read MoreFormer Senate Budget Committee Chairman: ‘It is still possible to stabilize our debt … so long as we fix our fiscal policy’
Former New Hampshire Governor and former U.S. Senator Judd Gregg in a recent column notes our national debt keeps ticking up, more than doubling from $8 trillion 10 years ago to now more than $18 trillion, and the number will continue to climb with disastrous effect unless our political leaders take decisive action and start…
Read MoreWATCH: Rep. Jim Jordan calls for impeachment of IRS Commissioner John Koskinen
Rep. Jim Jordan (R-Ohio) and other members of the conservative House Freedom Caucus are demanding Speaker of the House Paul Ryan (R-Wis.) and Judiciary Committee Chairman Bob Goodlatte (R-Va.) act to impeach President Obama’s IRS Commissioner John Koskinen for “obstructing a congressional investigation into the agency’s conduct.” The Daily Signal has the details: As most…
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