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Posts Tagged ‘debt crisis’

Majority Believe IRS Scandal Was Political

Tuesday, May 21st, 2013

Spending Daily | May 21, 2013

Praying for Oklahoma

Our thoughts and prayers are with all of the families in Oklahoma impacted by yesterday’s devastating tornado, and especially for those who lost loved ones.  As first responders and volunteers continue to search for survivors, Bankrupting America will be using our social media outlets to direct people to donate to the Red Cross Disaster Relief Fund. In addition, NBC News is informing readers of a number of national and local charities ...

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What Is The Debt Ceiling?

Tuesday, May 21st, 2013

Bankrupting America Launches New Debt Ceiling Resource Center

“Literal Debt Ceiling” Web Series To Highlight Key Issues

 

Arlington, Va.Bankrupting America, a project of Public Notice, today launched a Debt Ceiling Resource Center to provide facts and the latest news and developments as Congress debates increasing the nation’s debt ceiling this summer.  The resource center will educate Americans about the key drivers of the debt, provide a 10-year projection of future increases and...

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White House Advisor on IRS Scandal: “The law is irrelevant”

Monday, May 20th, 2013

Spending Daily | May 20, 2013

Bankrupting America Launches New Debt Ceiling Resource Center

Bankrupting America, a project of Public Notice, today launched a Debt Ceiling Resource Center to provide facts and the latest news and developments as Congress debates increasing the nation’s debt ceiling this summer.  The resource center will educate Americans about the key drivers of the debt, provide a 10-year projection of future increases and explain why any deal in Congress must include equal t...

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White House won’t negotiate on debt ceiling; wants to spend more

Monday, May 20th, 2013

Bye-Bye, Balance

After months of advocating for a “balanced approach” to our debt and deficits, it seems like the administration is pulling a 180 on the debt ceiling. Despite the overwhelming support from Americans (73 percent) to tie a debt ceiling increase to spending cuts, the administration is saying they “will not negotiate.”  A “balanced approach” to raising the debt ceiling would take steps to address our long-term fiscal crisis (as outlined in the latest CBO report).  What...

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IRS scandal either a conspiracy or incompetence

Friday, May 17th, 2013

Spending Daily | May 17, 2013

“Report: Leader Of IRS Office That Targeted Tea Party Now Runs ObamaCare Office”

The Washington Post, “The woman who ran the office accused of targeting Tea Party groups is now running the office tasked with implementing ObamaCare. ABC News reported Thursday that Sarah Hall Ingram, the former director of the office that oversaw tax-exempt organizations during the alleged targeting of conservative groups, now leads the office in charge of the Affordable Care...

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An Administration Plagued By Scandals

Thursday, May 16th, 2013

The Exception Or The Rule?

With the IRS admitting to inappropriately targeting conservative groups – beginning back in 2011 – it’s worth taking another look at how the culture in Washington has been driven by politics even before this latest scandal.  Just a few weeks ago, serious questions were being raised about how federal agencies were implementing the sequester.  The White House repeatedly warned of the dire consequences of a 3 percent spending cut, and some have suggested that the...

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IRS Acting Commissioner Resigns, But Scandal Far From Over

Thursday, May 16th, 2013

Spending Daily | May 16, 2013

IRS Acting Commissioner Resigns, But Scandal Far From Over

The Associated Press reports, “Don’t look for the outcry over the Internal Revenue Service’s improper targeting of tea party groups to subside with the ouster of the agency’s acting commissioner. Three congressional committees are investigating and the FBI is looking into potential civil rights violations at the IRS, Attorney General Eric Holder said. … President Barack Obama said Trea...

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IRS-ted Development

Monday, May 13th, 2013

IRS-ted Development

As more details emerge about the IRS targeting organizations that focus on government spending and debt, it’s worth noting that the IRS is a repeat offender when it comes to wasteful spending. The service has spent billions of taxpayer dollars on everything from Blackberrys and Aircards to video production. Maybe they should spend more time cutting out their wasteful spending instead of going after the watchdogs.

IRS Targets Spending Watchdogs: “The Internal Reve...

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No Smart Way? Project Runaway Spending

Sunday, May 12th, 2013

No Smart Way?
Project Runaway Spending 

RHETORIC: President Obama: “No Smart Way” To Cut $85 Billion: “The problem is, when you’re cutting $85 billion in seven months … there’s no smart way to do that. There’s no smart way to do that.” (“Obama on Sequester Cuts: ‘There’s No Smart Way To Do That,’” Real Clear Politics, 2/26/13)

 

REALITY: U.S. Military Camouflage An “Expensive Case Study In Federal Duplication”: “In 2002, the U.S. military had just two kinds ...

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Bankrupting America’s Spending Daily

Friday, May 10th, 2013

Spending Daily | May 10, 2013

“On Jobs Tour In Texas, Obama Offers Little New Hope For Jobs Progress In Washington”

TIME reports, “President Barack Obama’s campaign-style, jobs-focused swing through the Texas technology core on Thursday was notable mainly for what it left out—any plan for putting his proposals into law. … Ostensibly Obama flew to a Democratic enclave in the deep-red state to pitch his previously announced plan for 15 nationwide manufacturing innovation institutes an...

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