This blatantly biased distortion might explain:
“Late Tuesday the Republican-led House (my emphasis) shut down a temporary funding agreement that would have restored appropriations to the District of Columbia, Veteran Affairs, and the 401-unit National Park Service.” - Read more.
Average monthly interest costs are $18 billion. We take in on average $225 billion. By law, the president must pay interest first before anything else.
In addition to interest we must roll over the $550 billion of maturing debt each month. Newly issued bonds replace maturing bonds with no net change in total debt outstanding. If the Chinese and other investors won’t purchase them, Federal Reserve Chairman Bernanke will just buy them for the Fed’s account. - Read more.
Petulant officials punish the public
In between hashing out the Declaration of Independence and the Constitution, the Founding Fathers would refresh themselves and enjoy each others’ company at Philadelphia’s City Tavern. The Tavern continues in operation today, serving fine food and drink. Read more.
A curious move, given how we were told three years ago that Affordable Care Act needed to be passed urgently
Under the guise of making things easier for businesses, the Obama administration is delaying the legal mandate that any business with more than 50 employees must provide health insurance from January 2014 to 2015. – Read more.
Wendy Davis is lionized for taking a stand–but does it matter what she stands for?
When State Senator Wendy Davis, standing for 12 hours in her pink shoes, filibustered the Texas bill that would ban late-term abortions, she was hailed by even mainstream news anchors as a heroine because she “took a stand.” But what was she standing for? For allowing doctors to kill fully formed babies in the final stages of pregnancy. - Read more.
Tea Party is still strong–despite reports that it has been dying
Tim Carney writes at the Washington Examiner that even though Marco Rubio’s immigration bill is backed by both Republican, Democratic, and lobbyist elites, as well as the White House, the Tea Party in the U.S. House could very well prevent the bill from passing. – Read more.
Affordable Care Act’s supporters scramble to make things seem better
Soon many employers will be informing their employees that they will no longer be covered by their company’s health care plan, thanks to Obamacare. This and many other surprises, including increased premiums, are in store for America. – Read more.