California Democratic Congressman Mike Honda, a member of the Budget and Appropriations Committees, told The Daily Caller that Democrats in Congress passed the $825 billion Recovery Act because they “didn’t know what the hell was going on” with the economy. He also said that Congress needs to “increase our deficit right now” by passing more stimulus spending. (more)
Solyndra is being investigated by the FBI, but that may just be the tip of the shovel-ready iceberg. (more)
Shortly after taking office, President Barack Obama defended the weatherization portion of the stimulus bill in a February 2009 CBS interview, saying it would immediately put people back to work, reduce energy costs and lay the groundwork for future energy independence. (more)
At a Council on Jobs and Competitiveness meeting today in Durham, N.C., President Barack Obama had a nice little chuckle about the lackluster results of the Recovery Act, better known as the stimulus. (more)
President Barack Obama will visit the North Carolina-based Cree LED Light Company Monday to tour the plant and meet with his Council on Jobs and Competitiveness to discuss job creation and policies to spur economic growth. (more)
If you’re depressed by the stalled economy or weak polling numbers, California’s Lagunitas Brewing Company has the beer for you — a 22 oz. bottle of ‘Wilco Tango Foxtrot,’ which is described by the brewer as “a malty, robust jobless recovery ale.” (more)
WASHINGTON (CNNMoney) — Thousands of contractors who got stimulus money to do such things as build roads and provide social services owe more than $750 million in back taxes, a federal investigation has found. (more)
As Congress continues to battle over budget cuts, one House subcommittee took the first step toward defunding a slush fund of taxpayer money used for anti-obesity campaigns throughout the country. In a little-noticed hearing last Thursday, the House Energy and Commerce Committee’s Health Subcommittee voted out legislation that would repeal the Prevention and Public Health Fund that was created in the health care reform bill. (more)
The American Small Business League has filed 12 Freedom of Information Act (FOIA) lawsuits against the Obama administration for refusing to release simple, routine information on federal small business contracting programs. I don’t think most people realize that although President Obama promised to have the most transparent administration in history, he actually has maintained one of the least transparent. (more)
When former President Bill Clinton signed the landmark 1996 welfare reform law, it was supposed to “end welfare as we know it.” Despite that pledge, spending on the 77 welfare programs administered by the federal government and the states has skyrocketed over the past 15 years. (more)
The Congressional Budget Office this week said that the Senate Democrats’ bill offers $4.7 billion in spending cuts — not the $6.5 billion that President Obama and congressional Democrats said. (more)
House Speaker John Boehner fulfilled the House’s commitment to passing a short-term budget that cuts $61 billion from current spending levels, but he’s not ruling out the possibility of a compromise with the Democrat-controlled Senate. (more)
While the Big Apple is busy using Recovery Act money to urge its citizens to drink less soda and eat less salt, it is also using stimulus funds to survey New Yorkers on the possibility of a soda tax. (more)
February marks the two-year anniversary of President Obama’s signing of the failed stimulus package. Even its most ardent supporters have to admit that the stimulus bill failed to create net job growth and instead created more debt, placing a tremendous burden on our children and grandchildren. (more)
As the government draws closer to a possible shutdown, party leaders are digging their heels into the ground by refusing to negotiate on spending cuts for a short-term spending bill, but it may be moderate Senate Democrats that end up saving the day. (more)
In February 2009, President Barack Obama signed into law his $787 billion stimulus, which he lauded as “the most sweeping economic recovery package in our history.” Two years later, the government’s stimulus spending has failed to win the future, and public opinion has responded accordingly. (more)
First, there’s the fairy tale version of government stimulus spending. (more)
Now that the mainstream media is hopefully done swooning over President Obama’s State of the Union speech, some of us are more concerned about the real state of the Union, by the numbers. It’s not what he said or did not say, nor is it how he said it. It should be about our national security and our national economic health. (more)
A number of the House GOP’s leading conservative members on Thursday will announce legislation that would cut $2.5 trillion over 10 years, which will be by far the most ambitious and far-reaching proposal by the new majority to cut federal government spending. (more)
The 112th Congress took the oath of office a few days ago with the clearest mandate from the American people in recent memory: Cut the size and cost of government — a lot. (more)
