CLAIM: President Joe Biden claimed during Tuesday’s State of the Union that the Democrats’ Inflation Reduction Act put a monthly cap srcf $35 on insulin costs for Medicare enrollees. VERDICT: Misleading. During Biden’s State of the Union address on Tuesday, he claimed,”Big Pharma has been unfairly charging people hundreds of dollars, four to five hundred dollars a month,”
U.S. Labor Productivity Suffers Biggest Crash Ever Recorded, Labor Costs Soar Most Since 1982
Productivity crashed over the past year as the economy added workers at a rapid clip even as economic output grew slowly, data from the Department of Labor showed on Tuesday. The productivity of the business sector fell 2.5 percent compared with a year ago, the largest decline ever recorded in data going back to the…
Exclusive: NJ Mayor Pressures Democrat Tom Malinowski to Drop Support for Pelosi-Backed ‘Lower Drug Costs’ Bill
A New Jersey mayor is urging Rep. Tom Malinowski (D-NJ) to withdraw his support for Democrats’ prescription drug costs bill because of the impact it may have on New Jersey’s biopharmaceutical industry, Breitbart News has learned. Bridgewater Township Mayor Matthew Moench (R) wrote a letter to Malinowski, dated June 9, warning H.R. 3, also known as the…
Housing Starts Crash as Rising Costs Crimp Construction
Construction of new homes in the U.S. slowed by much more than expected in April as homebuilders held back on projects because prices of materials and labor have been rising rapidly. Private homes were started at a seasonally adjusted, annualized rate of 1.569, a 9.5 percent decline from March, Commerce Department showed Tuesday. Economists had…
Study: Each Resettled Refugee Costs Taxpayers $15,900 a Year.
The Federation for American Immigration Reform (FAIR), a pro-American immigration think tank, issued a study Monday showing a strikingly high price tag for resettling refugees in the United States. When they combined resettlement costs with Medicaid, Food Stamps, public education, public housing, and a bevy of other government programs and benefits, the study’s authors, Matthew […]
Gun Control Fail: ‘Gun Violence’ Costs New York over $5.6 Billion Each Year.
New York has an “assault weapons” ban, a “high capacity” magazine ban, universal background checks, and “gun violence” costs of over $5.6 billion a year. In other words, gun control is not working in New York, just as it has not worked in Chicago or Baltimore. The annual cost of “gun violence” was put forth […]
French City Cancels Christmas Market, Can’t Afford € 20,000 in Security Costs After ISIS Attacks
Christmas Tree German Christmas Market Berlin This week, the French city of Lyon announced it would cancel its world-famous Christmas market after seven years, as costs to protect the market against potential terror threats escalated to € 20,000 — a price the city could not afford. Security around Christmas markets in Europe has increased following Tunisian […]
Lockheed Martin CEO Tells Trump Company Plans to Lower F-35 Costs, Add 1,800 US Jobs
After meeting with President-elect Donald Trump on Friday, Lockheed Martin CEO Marillyn Hewson said the company is close to a deal to bring down the cost of its F-35 aircraft, and will also be adding 1,800 jobs to its Fort Worth plant. “I certainly share his views that we need to get the best capability […]
Watch: Hillary Clinton Fails Miserably In Explaining Why A Small Business Owner’s Healthcare Costs Rose $500
In December of 2015, Hillary Clinton admitted that Obamacare is turning America into a nation of part-time workers. Moreover, she said the law incentivizes people and businesses not to find full-time employment. The statement was spurred by a questioner at a town hall, who was asking why there is discrimination against part-time workers when it […]
GENERAL PAXTON: MORE RISK, GREATER COSTS AND CASUALTIES
From the halls of Montezuma to the shores of Tripoli they’ve been called Leathernecks, earned when Lieutenant Presley O’Bannon and his Marines landed at Derna, Libya to fight the Barbary Pirates. They’ve been called Devil Dogs, earned during World War I during actions in Belleau Woods. They are the few, the proud, our U.S. Marines, […]
Good News: Obama’s GLOBAL WARMING Campaign To Cost $45 Billion A Year In Regulatory Costs
When the United Nation’s conference on global warming begins in Paris come December, American Action Forum has a friendly reminder: we already regulate greenhouse gases and the Obama administration’s regulatory cost in fighting so-called climate change could cost us $45 billion annually: …[R]egulators have already imposed $26 billion in annual costs to limit GHGs and […]