“The non-partisan Congressional Budget Office on Friday said President Obama’s 2014 budget proposal would add $5.2 trillion in deficits over 10 years.
The agency said that compared to its baseline scenario, the Obama budget would reduce projected deficits by $1.1 trillion over 10 years. The White House had claimed $1.8 trillion in savings using its own analysis.
The CBO’s baseline assumes that automatic sequestration cuts remain in place for nine years, whereas the White House assumes they are eliminated.
While it uses a different budget baseline than the White House, the analysis of individual proposals are broadly consistent with what Obama officials projected. The CBO reports $3 billion more in spending than the White House claimed and $79 billion more in revenue over 10 years. “
Via The Hill
“A little over a week ago, on May 7, 2013 and in the midst of a worldwide economic depression, Columbia, South Carolina City Council members met to discuss the funding of a million dollar project even as the State government continued its regularly scheduled hysteria over budgets, spending, and deficits.
So what was the project so vital to the people of Columbia to be pushed through by a 4-2 vote of the council during the midst of such trying economic times? Was it regarding the road systems? Was it the dismal state of Columbia schools? Was it tax relief for residents? Was it economic development? Water? Power? Sewage? Waste disposal?
Actually, it was the purchase and installation of 800 new surveillance cameras all across the city of Columbia that prompted the Council to spend $1.22 million, much of which is scheduled to come from an “emergency reserve fund” that is actually part of next year’s budget. As The State reports, “That previous $1 million fund will be reduced to $250,000. A capital projects fund that was to be $1.7 million next year will be down by $200,000.””
Via Activist Post
“Despite the Obama administration’s generous support for green energy, job creation in the sector has both lagged and come at a hefty cost to taxpayers, according to a new report.
According to the Institute for Energy Research, the Department of Energy has spent nearly $26 billion since 2009 on its Section 1703 and 1705 loan programs. However, these two programs only yielded 2,308 permanent jobs — meaning the cost to taxpayers was $11.25 million per job.
“Clearly, in terms of ‘bang for the buck,” government programs that coddle renewable energy are losers,” according to IER. “In terms of jobs, the losers are the American workers who would otherwise be gainfully employed but for the tremendous waste of taxpayer dollars on the administration’s obsession with “green energy.’””
Via The Daily Caller
“The National Institutes of Health (NIH) has awarded more than $400,000 to a research project involving underwear that can detect when a person smokes cigarettes.
The University of Alabama has received two grants totaling $402,721 for the project, which so far has produced a “very early prototype” of the monitoring system, which — in its current state — fits like a vest.
The goal of the three-year study is to “develop a wearable sensor system comprised of a breathing sensor integrated into conventional underwear.””
Via CNS News
“The total number of people in the United States now receiving federal disability benefits hit a record 10,962,532 million in April, which exceeds the 10,815,197 people who live in the nation of Greece.
According to newly released data from the Social Security Administration, the record 10,962,532 total disability beneficiaries in April, included a record 8,865,586 disabled workers (up from 8,853,614 in March), 1,936,236 children of disabled workers, and 160,710 spouses of disabled workers.
According to its latest census, Greece had only 10,815,197 residents.”
Via CNS News
“On Monday, The Heritage Foundation released its highly anticipated report on the cost to taxpayers of legalizing the 11 million illegal immigrants, as proposed in the “Gang of Eight’s” immigration reform bill.
According to the conservative think tank, “the average adult unlawful immigrant would receive $592,000 more in government benefits” than he or she would pay out in taxes over the course of their lifetime, and the net cost will be at least $6.3 trillion.
Heritage Foundation scholar Robert Rector’s examination of the long-term costs focused on Obamacare, Social Security, other entitlements, and the more than 80 means-tested assistance programs.
Rector further estimated that the typical illegal immigrant, if legalized, would live for 50 years and by retirement would pull in $3 in Social Security and Medicare for every dollar paid in Federal Insurance Contribution Act taxes.”
Via The Daily Caller
“Legalizing an estimated 11 million illegal immigrants will cost taxpayers at least $6.3 trillion over the coming decades, according to a study released Monday by the Heritage Foundation.
The study projects illegal immigrants would receive $9.4 trillion in government benefits and pay only $3.1 trillion in taxes over their lifetimes if they gain lawful status under comprehensive immigration reform pending in the Senate.”
Via The Hill
“The U.S. government does not know how many agencies and programs it is asking taxpayers to fund, The Daily Caller has learned.
Even though the editors of Wikipedia have been able to assemble a list of federal agencies, no complete official government list of federal agencies and programs currently exists.
The Government Performance and Results Modernization Act of 2010 (GPRAMA) — which became law on January 4, 2011 — established required quarterly performance assessments of government programs.
That bill also mandated that the Office of Management and Budget (OMB) create a website that would publish quarterly performance reports by the heads of each agency.
Currently that website — Performance.gov, which was launched in 2011 — contains only a partial list of government programs, and important agencies such as the FCC aren’t on the list.”
Via The Daily Caller
Chocolate strawberries among extravagant demands by Nancy Pelosi as she spent $101,000 in two years on services while travelling with US Airforce
“If the US Airforce did all airline food, it would be strawberries dipped in dark chocolate and grilled chicken salads all round.
Unfortunately this luxury is reserved for top US politicians alone, as new documents detailing Nancy Pelosi’s travel expenses reveal.
The former House Speaker was showered with a cornucopia of gourmet food and alcohol as she travelled over 90,000 miles around the world in just nine months last year – all courtesy of the US Airforce (USAF).
On one overseas excursion, her office even wrote to the USAF asking for strawberries dipped in dark chocolate as a birthday treat.
The documents, uncovered by political corruption watchdog Judicial Watch, reveal that the US taxpayer was billed for $101,429 (£64,000) in Mrs Pelosi’s in-flight services over a period of two years.”
Via The Daily Mail
” The most destructive Obamacare tax increases are just around the bend
Asked about Senator Max Baucus’s (D-Mont.) recent “train wreck” comments, President Obama today said, “A huge chunk of it [Obamacare] has already been implemented.” Unmentioned was the wave of destructive Obamacare tax increases that will begin to hit Americans during the next tax filing season and beyond:”