Why Does the Obama Regime Think Autonomous Cars Are Worth $4 Billion?

Given the rhetoric about the non-existent “epidemic of gun violence,” perhaps the Obama Administration feels compelled to show concern for highway deaths since they far exceed gun deaths. But they want to spend a lot of money! USA Today reports, The Obama administration on Thursday proposed a 10-year, $4 billion push to spark the development of self-driving cars, hoping to one day eliminate roadway deaths. The U.S. Department of Transportation’s National Highway Traffic Safety Administration Read more […]

Nikki Haley Dreams the Impossible Dream: Republicans Will Cut Spending

I mentioned how Nikki Haley seemed to robotically read her teleprompter. At 5:53 comes a line I only heard at first. I Had to go back and check it on the video because I couldn’t believe she delivered it with a straight face. But she did! the robotic simile didn’t waver as she spewed nonsense all over viewers: If we held the White House, taxes would be lower for working families, and we’d put the brakes on runaway spending and debt. Seriously? The Republicans who gave Obama (and their Read more […]

Puerto Rico Starts Missing Payments to Lenders

Our country’s Greece is still crashing and burning. From CNBC: “In default, Puerto Rico faces ongoing fiscal pain.” Like a homeowner with too big a mortgage, Puerto Rico has finally started falling behind on its payments. And it doesn’t look like there’s an easy way to refinance its huge pile of debt to make it more affordable. Gov. Alejandro Garcia Padilla announced Wednesday that the Caribbean island territory will be able to make most — but not all — of the nearly $1 billion in interest Read more […]

Rand Paul: Congress Passed the 1.1-Trillion-Dollar Budget without Reading It

Here is Paul Ryan implicitly admitting the budget process wasn’t done the way the Founding Fathers intended but swearing Congress will change their ways next year. Paul Ryan failed to mention that Congress passed an anti-Fourth-Amendment bill to empower more spying on the American people. The spending bill was obviously a collaboration of Republicans and Democrats against the American people. The best you can say is that many Republicans voted for the bill without reading it. According Read more […]

The Republican-Democrat Alliance: The Common Ground is Money & Debt

The mega-spending bill has passed, complete with the Christmas gift to Planned Parenthood. Peter Suderman at Reason.com gives us a way to understand what has happened: “Democrats and Republicans Team Up to Pass $1.8 Trillion Spending Package.” One way to understand the massive federal spending package is as a compromise between Republicans and Democrats to ignore the deficit. The deal is made of two different elements—a 2,009-page omnibus that folds in 12 appropriations bills and calls for $1.1 Read more […]

Christmas comes Early for Planned Parenthood and Santa Clause is the GOP

The $1.1 trillion spending bill has been approved by Congress. To get an idea of how evil this is, here’s a headline from The Hill: “Planned Parenthood unscathed in spending bill.” Planned Parenthood is praising Democrats in Congress after the spending bill released early Wednesday morning spared the organization from cuts.  As expected, the spending bill does not defund Planned Parenthood, a clear deal-breaker for Democrats, but the absence of spending cuts is still noteworthy given the intensity Read more […]

Big-Spending Republicans Join Democrats for $1.1 Trillion Spending Bill

Remember the “do-nothing Congress”? Don’t you miss it? The Hill ran the headline, “Negotiators see $1.1T deal in sight.” Bipartisan negotiators hammering out the details of a sweeping $1.1 trillion spending bill see the light at the end of the tunnel. Compromise has come slowly as the sides have haggled over partisan policy amendments as well as a separate package — running on a parallel track — to extend a long list of tax breaks to businesses and individuals alike. But House aides familiar Read more […]

Weighed Down by Obamacare, Etc, Is the Weak Holiday a Surprise?

The Associated Press reports, “Early signs of weak holiday spending send retail stocks lower as traders return from holiday.” Early signs of softness in holiday spending sent retail stocks lower on the first day of trading after the Thanksgiving holiday. Macy’s and Kohl’s each fell 2 percent Monday, while Target fell 1 percent, more than the rest of the market. Health care stocks also took a tumble. Drugmakers Celgene and AbbVie each fell 3 percent. The Dow Jones industrial average gave up 78 Read more […]

Millennials Will Crash the Economy. Good Job!

The only way a financial bubble can end is to collapse. But the more obvious it becomes that the economy is on an unsustainable path, the more vested interests will try to extend it, making the crash even worse. As a result, even though it is going to be grim, signs that they are no longer going to be able to sustain the economy are actually good news. Did you know that 61 percent of Millennials don’t own one credit card? At his Global Economic Analysis blog, Mish quotes from MarketWatch: Read more […]

Taxpayer May Have to Support John Boehner For Awhile Yet

John Boehner gets to keep a publicly funded office even when he goes into the private sector. Did you think John Boehner was no longer being bankrolled by the taxpayer with his resignation from congress this weekend? Think again. Kate Ackley writes in Roll Call: The former House speaker, whose resignation from Congress became effective over the weekend, is taking advantage of little-known perks and privileges taxpayers provide by law to those vacating the chamber’s highest office. Boehner Read more […]

Boehner Out Ryan In, Where is Liberty?

Many of you know by now that Rep. John Boehner passed the speaker’s gavel to Rep. Paul Ryan this past Thursday and resigned his post in Congress. In a Fox News exit interview Mr. Boehner was asked if he had to choose between passing comprehensive immigration reform, repealing Obamacare, or achieving the “Grand Bargain” (Obama’s promise to compromise on entitlement reform), Boehner answered without hesitation. “The ‘Grand Bargain’ by far,” he said. “It would have really Read more […]

Barack Obama Has Doubled the National Debt while in Office

The national debt has grown by almost ten trillion dollars—thanks to Democrats and Republicans. The Washington Times reports, When President Obama signs into law the new two-year budget deal Monday, his action will bring into sharper focus a part of his legacy that he doesn’t like to talk about: He is the $20 trillion man. Mr. Obama’s spending agreement with Congress will suspend the nation’s debt limit and allow the Treasury to borrow another $1.5 trillion or so by the end of his presidency Read more […]