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$1T-plus spending bill taking shape in Congress

CNS News

by Andrew Taylor

December 12, 2011

Congress is putting the finishing touches on a sweeping $1 trillion-plus spending bill wrapping together the day-to-day operating budgets of 10 Cabinet departments with funding for the war in Afghanistan.

$20,000 Per Year Is Not 'Affordable' Healthcare

Personal Liberty Alerts

by Bob Livingston

February 4, 2013

According to the Internal Revenue Service, the least expensive (in dollars) Obamacare health insurance plan in 2016 will be $20,000 per year for a family of five. The cost in health is immeasurable.

Buried within the dozens of pages of typical government argle bargle, parenthetical references and doublespeak are examples for Americans to use to determine their "penalty" for not being on an Obamacare-approved plan. Bronze coverage (the least expensive Obamacare plan behind silver, gold and platinum) for a family of two adults and three children is $20,000 per year. One relevant section, found on page 70, reads...

$253.5B-Obama Borrowed Nearly 6x as Much in February as Sequester Cuts All Year

CNS News

by Terence P. Jeffrey

March 4, 2013

During the month of February--as President Barack Obama was warning Americans they would see dramatic effects in their lives if "sequestration" of some planned federal spending kicked in--the federal government's debt climbed by $253.5 billion.

That one-month increase in the debt was nearly six times as much as the $44 billion in spending cuts the Congressional Budget Office estimates will take place in all of fiscal 2013 as a result of sequestration. At the close of business on Jan. 31, 2013, the federal debt was $16,433,791,850,294.04, according to the U.S. Treasury. At the close of business on Feb. 28, 2013, the federal debt was $16,687,289,180,215.37. Thus, the federal debt increased $253,497,329,921.33 during the month.

$300 million taxpayer investment in Solyndra sold for ... $90.3 million

Hot Air

by Ed Morrissey

August 24, 2012

In 2009, the Obama administration approved a set of loan guarantees to Solyndra that totaled over $520 million, which supposedly would have created thousands of new jobs.

Most of that money, $300 million, went to build a new manufacturing plant for the solar panels that cost more to build than the market price they could fetch. For some reason, the Department of Energy and the White House found this to be a solid business model. Eventually, the company went bankrupt despite an effort by the Obama administration to bring new cash into Solyndra - by illegally subordinating taxpayer standing in event of a collapse. The bankruptcy continued to unwind this week with the sale of the new facility. The $300 million facility managed to go for 30 cents on the dollar...

$50 billion Sandy relief bill somehow passes House with just 49 Republican votes

Hot Air

by Allahpundit

January 15, 2013

I remember some consternation in the media a few weeks ago after Boehner split the original $60 billion relief package into two smaller bills that this meant the GOP was going to gut part of it.

Absurd. Did anyone seriously believe Boehner et al. would risk more bad press by stripping out the pork after Chris Christie threw a big tantrum about how evil his own party was for even delaying the initial vote? I hereby retract my skepticism that the GOP leadership collectively has no balls.

$500 Million Medicaid Fraud Ring Broken Up

Personal Liberty Alerts

by Upi - United Press International, Inc.

July 18, 2012

Charges were unsealed in New York Tuesday against 48 suspects accused of diverting hundreds of millions of dollars in Medicaid prescription drugs.

The U.S. Justice Department said the fraud cost Medicaid more than an estimated $500 million in reimbursements for pills diverted into the second-hand black market. Thirty-four suspects were arrested Tuesday morning. Fifteen defendants were taken into custody in New York and New Jersey, and one defendant from the area was expected to surrender. The 16 defendants were scheduled to appeal before a U.S. magistrate in New York.

$619 billion missed from federal transparency site

andrewnapolitano.com

August 7, 2014

A government website intended to make federal spending more transparent was missing at least $619 billion from 302 federal programs, a government audit has found.

And the data that does exist is wildly inaccurate, according to the Government Accountability Office, which looked at 2012 spending data. Only 2% to 7% of spending data on USASpending.gov is "fully consistent with agencies' records," according to the report. Among the data missing from the 6-year-old federal website...

$67 Million for 300 Traffic Cameras: Guess the City

reason.com

by Scott Shackford

July 18, 2013

It's Chicago, of course. And this is what the city gets after a bribery scandal pushed one contractor out of the bidding process.

The Chicago Tribune reports: Mayor Rahm Emanuel's administration finalized a $67 million, five-year contract to install up to 300 cameras to catch speeders around city schools and parks, but a slow rollout could mean as few as 50 locations operating this year, the city and vendor confirmed Wednesday. The program sold by the mayor as a child-safety initiative could eventually mean hundreds of millions of dollars in ticket revenue for the city. But Emanuel reduced his initial projection of $30 million in ticket revenue this year to $15 million, due to a combination of technical delays and the bribery scandal that engulfed the city's red light camera vendor amid a series of Tribune stories that began last year.

$7,060,259,674,497.51--Federal Debt Up $7 Trillion Under Obama

CNS News

by Terry Jeffrey

August 6, 2014

The total federal debt of the U.S. government has now increased more than $7 trillion during the slightly more than five and a half years Barack Obama has been president.

That is more than the debt increased under all U.S. presidents from George Washington through Bill Clinton combined, and it is more debt than was accumulated in the first 227 years of this nation's existence--from 1776 through 2003. The total federal debt first passed the $7-trillion mark on Jan. 15, 2004, after President George W. Bush had been in office almost three years.

$737 million in green-tech loan to company connected to Pelosi family?

Hot Air

by Ed Morrissey

September 29, 2011

Americans still favor government subsidies to companies unable to otherwise compete in the green-tech industry.

may be especially true of Nancy Pelosi and her family, but not exactly for reasons of environmental improvement. Let's start with this report from The Hill, via Gateway Pundit and Instapundit, on the latest approved green-tech loan from the Department of Energy...

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