Search results for: Wm
Bureau of Labor Statistics: Unemployed more likely to shop for non-essentials than job search
The Bureau of Labor Statistics released data that shows unemployed Americans on an average day are more likely to shop for things than look for employment opportunities. The Washington Free Beacon has the details: Only 18 percent of unemployed Americans spent time searching or interviewing for a job on an average day, while 41.1…
Read MoreGolden State health-insurance premiums set to increase 13 percent
President Obama’s signature health-insurance law is forcing Americans already cash-strapped to tighten their proverbial belts even more as premiums in the so-called “Land of Milk and Honey” are set to increase even more. The Los Angeles Times has the story: Premiums for Californians’ Obamacare health coverage will rise by an average of 13.2% next year…
Read MoreEconomic-policy expert: Financial crisis inevitable the longer Congress waits to address entitlement spending
So-called “autopilot” congressional spending – e.g., spending that Congress isn’t allowed to take its red pen to and eliminate from the budget, like food stamps, Medicare, Medicaid, social security – will soon become the bulk of the federal budget, leaving little room for discretionary spending like national defense. The Daily Signal has the scoop: Autopilot…
Read MoreU.S. News & World Report: U.S. ‘dangerously’ in debt
The U.S. has only to look at other nations’ financial crises to see what’s in store for us if Congress doesn’t tackle our mushrooming national debt, says one economic expert. U.S. News & World Report has the details: Recent research shows that economic growth is even more vital for a nation’s ability to sustain its…
Read MoreTea Party Patriots Weekly Report from Washington for 7/17/16
CALENDAR: The House and Senate are both in recess, and will not return until Tuesday, September 6. LAST WEEK ON THE HOUSE FLOOR: On Tuesday, the House took up and passed H.R. 4768, the Separation of Powers Restoration Act (SOPRA), by a vote of 240-171. The bill, introduced by Rep. John Ratcliffe of TX, fixes…
Read MoreCongressional 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…
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