Kicking his campaign into high gear, President Obama on Tuesday said Republicans’ vision of smaller government and lower taxes for the wealthy amounts to “thinly veiled social Darwinism,” and cast his own fiscal blueprint, with its higher spending and taxes, as the way to sustain the social safety net.
In the escalating battle between the administration and the judiciary, a federal appeals court apparently is calling the president’s bluff — ordering the Justice Department to answer by Thursday whether the Obama Administration believes that the courts have the right to strike down a federal law, according to a lawyer who was in the courtroom.
Higher electricity prices will most affect those who can least afford them
WASHINGTON—Rep. Paul Ryan’s budget Tuesday instantly became the centerpiece of an election-year debate over the size of government, thrusting back into the spotlight a topic—the deficit—that has been largely overlooked by the presidential candidates.
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In a scathing Op-Ed column in The New York Times, Greg Smith, an executive director of Goldman Sachs, resigned today, calling the environment at the firm “as toxic and destructive as I have ever seen it.”
Former Columbus police officer Edward Pascucci had been jobless for more than a year and was facing homelessness last summer when he decided to rob a local bank. Making off with stacks of cash, however, never was his intention.
The center’s report echoes a warning from Treasury Secretary Timothy Geithner last week. | Reuters
The federal government could hit the debt ceiling sooner than expected — and possibly around the November election — according to a report out Friday.
The Obama administration, despite the nation’s economic woes, effectively killed the job-producing Keystone Pipeline last month. The Arab Spring is turning the oil production of Libya and other Arab nations over to the Muslim Brotherhood. Iraq is distancing itself from the U.S. And everyone recognizes that Iran, whose crude supplies are critical to the European economy, will do anything it can to frustrate America’s strategic interests. In the face of all of this, Obama insists on cutting back U.S. oil potential with outrageous restrictions.
The Federal Reserve Open Market Committee (FOMC) has made it official: After its latest two day meeting, it announced its goal to devalue the dollar by 33% over the next 20 years. The debauch of the dollar will be even greater if the Fed exceeds its goal of a 2 percent per year increase in the price level.
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