Issues
What Happened to President Obama’s “Recovery Summer”?
President Barack Obama labeled summer, 2010 the “Recovery Summer.” Let’s look at the facts:
- From 1948 through 2014, even including the recent recession, America’s Gross Domestic Product (GDP) grew at an average of 3.24% per year;
- Since the much hyped “Recovery Summer” it’s grown at an average 2.1%;
- During the same period first quarter growth has been an anemic average .6%;
- During the first quarter of this year GDP growth has been an atrocious.2%.
How’s that “Recovery” working out for you?
How’s This for Fair?
Liberals constantly whine that “the rich” don’t pay their “Fair Share” of income taxes.
But in fact, the top 20% of taxpayers earn 51.3% of American income. Yet they pay 83.9% of federal income taxes. The bottom 20%? They earn 4.5% of American income and pay just negative 2.2% of taxes, thanks to the Earned Income Tax Credit, which takes money from tax payers and gives it to them.
Fair enough?
Editors’ note: Facts are to liberals as garlic is to a vampire.
Is This a Sweet Deal or What?
Let’s say you’re a sugar processor in 2013. First you take out a loan backed by the U.S. Dept. of Agriculture (USDA). You pledge your sugar as collateral. Next you default on your loan.
Thanks to The USDA’s Feedstock Flexibility Program Uncle Sam takes your sugar, credits you with a high price and sells it to ethanol producers at a price discounted by up to 90%.
The cost of this sweet boondoggle? About $280 million of your dollars in 2013.
How sweet is that?
Facts that Make You Cringe – Issue 87
A recent watchdog review found that at least 6.5 million active Social Security numbers belong to people who are at least 112 years old and likely deceased.
But only 35 known living individuals worldwide had reached that age as of October 2013, according to the Gerontology Research Group. Read More Here >>>
Wanna Loan a Kid a few Bucks for College?
Buried in the White House budget is a charge of $21.6 billion to write down outstanding student loans.
Several million grateful Millennials join together to say “Thanks, Mr. & Mrs. Taxpayer. We couldn’t have done it without you!”
Looking for a job with good pay, short hours & great benefits?
According to the Bureau of Economic Analysis, in 2013 the average Federal Government worker earned $115,524, including wages and benefits. The average private sector worker? $66,357.
Why the IRS Can’t Afford to Answer Your Calls for Help
Soon after the Internal Revenue Service announced that, thanks to budget cuts, it wouldn’t be able to answer its helpline, the House Ways & Means Committee found that this ship of fools had awarded a $4.46 million contract to CGI Federal.
In case you’ve forgotten, CGI was the contractor behind the failed Obamacare website.
As Rudyard Kipling long ago noted, “The burnt fool’s bandaged finger goes wobbling back to the fire.”
Facts That Make You Cringe – Issue 83
As of last July there were 46,496,252 of the 318,857,056 Americans on Food Stamps. That’s 14.6 percent of the population, or about one out of every seven.
Facts That Make You Cringe – Issue 82
Section 4205 of the Affordable Care Act mandates calorie counts on menus for any restaurant with 20 or more locations.
But two studies of restaurants in New York City that tried it found that “…some diners consume more calories when they encounter nutritional information.”
Think this will stop the Calorie Police? Don’t bet your knife, fork or spoon on it!
– The Competitive Enterprise Institute
Facts That Make You Cringe – Issue 81
According to the Wall Street Journal, since 2001 colleges and universities have hired 50% more administrators than instructors.
And you ask why tuition keeps going up and instruction time down?