Obama Inches U.S Toward Debt Crisis, or Bankruptcy

As Barack Obama held his first press conference in months to promote his new $50 billion economic payback to unions, it bears reading a little-known reports from the Congressional Budget Office admitting out-of-control spending is leading us perilously close to a Greek-style meltdown. CNSNews.com has uncovered an obscure CBO report from July that states, "Combined with an unfavorable long-term … [Read more...]

Cash for Clunkers Hurt the Poor – and Obama’s Advisers Love It

The Democrats’ “Cash for Clunkers” program had one major impact on the market: it raised the price of used cars almost $2,000 per car in a way that disproportionately hurts the poor. And Obama’s Green Left advisers could not be happier. The automobile industry authority Edmunds.com has found used car prices are up 10.3 percent over last summer. The average used vehicle costs $1,800 more than it … [Read more...]