The Biden administration wasted over half a trillion dollars in its first two years due to âimproper payments,â according to an audit of federal data conducted by Open The Books. Data collected by the Office of Management and Budget revealed that at least $528 billion was improperly paid by the federal government in the first
EXCLUSIVE: Audit Reveals âImproper Paymentsâ From Feds Ballooned To Over Half A Trillion Dollars Under Biden
June 13, 2023 by
Bidenomics Sends U.S. National Debt Soaring Past $31 Trillion for First Time
October 6, 2022 by
The Biden administrationâs ceaseless borrowing addiction has driven gross national debt past $31 trillion for the first time amid record inflation, rising interest rates, and fears of a looming recession. The United Statesâ public debt closed at $31.1 trillion on Monday, according to Treasury Department data published Tuesday. The milestone comes as the Federal Reserve continues to hike interest rates to…
Biden Budget Proposes $6 Trillion Annual Spending as Inflation Soars to 29-Year High
May 30, 2021 by
President Joe Biden released his budget Friday, proposing $6.01 trillion in annual spending even as the economy is going through record inflation. The Commerce Department reported Friday that core personal consumption expenditures hit a 3.1 percent annual gain in April â the highest since May 1992. The plan calls for a 36.6 percent increase in…
Republicans Make $928 Billion Counteroffer on Infrastructure, Joe Biden’s Offer at $1.7 Trillion
May 27, 2021 by
Senate Republicans have offered a second infrastructure counter proposal of $928 billion over eight years on Thursday, as the Biden administrationâs stands at $1.7 trillion. The new new offer includes: $506 billion for roads, bridges, and major projects $89 billion for rail $21 billion for safety $22 billion for waterways $56 billion for airports $22…
CNBCâs Kernen to Buttigieg on $2 Trillion Infrastructure Plan: ‘We Don’t Have the Money’
May 14, 2021 by
CNBC host Joe Kernen indicated that he was not impressed with Transportation Secretary Pete Buttigiegâs sales job on the Biden administrationâs $2.3 trillion infrastructure proposal on Thursdayâs broadcast of âSquawk Box.â Kernen said, âMr. Secretary, so youâre the transportation secretary now, so weâre proposing a usage for the term infrastructure that Republicans would say includes…
Biden Reportedly Preparing $3 Trillion Spending Package
March 23, 2021 by
President Joe Bidenâs team is reportedly planning on introducing a $3 trillion jobs and infrastructure proposal to the president this week, according to reports. The proposal would be presented in two partsâ one focused on infrastructure and clean energy and the other on domestic issues, according to CNN, who was briefed on the matter by…
President Joe Biden Signs $1.9 Trillion American Rescue Plan Into Law
March 12, 2021 by
President Joe Biden signed his $1.9 trillion American Rescue Plan into law Thursday, marking a major victory in the first 50 days of his presidency. The bill, which provides hundreds of billions in funding to schools and small businesses as well as $1,400 checks to most Americans, passed through Congress on Wednesday. Biden was originally…
Bidenâs $1.9 Trillion Stimulus Plan: Hereâs Whatâs In It
March 10, 2021 by
The House of Representatives is expected to vote Wednesday on the American Rescue Plan, a $1.9 trillion package designed to provide economic relief from the COVID-19 pandemic. The bill was sent Tuesday to the House after it passed the Senate in a 50-49 vote Saturday, according to CBS News. Proponents of the legislation have touted…
Senate Passes Partisan $1.9 Trillion Coronavirus Package
March 7, 2021 by
The $1.9 trillion coronavirus package, which includes $1,400 stimulus payments and $350 billion to cities and states, passed the Senate Saturday afternoon 50 to 49. Sen. Dan Sullivan (R-AK) was absent due to a family emergency. ****50-49**** Amended $1.9 trillion American Rescue Plan passed and sent back to the House, which still needs to pass it.…
Joe Biden Unveils $1.9 Trillion Spending Plan
January 15, 2021 by
President-elect Joe Biden unveiled a coronavirus plan Thursday that he claims will turn the tide on the pandemic, speeding up the vaccine rollout, and providing financial help to individuals, states, and local governments and businesses struggling with the prolonged economic fallout. The proposal reflects the priorities of Democrats, spending more money on aiding state governments,…
Trump Racks Up $8 Trillion In National Debt Throughout Presidency
January 1, 2021 by
President Donald Trump added nearly $8 trillion to the U.S. national debt throughout his presidency, according to the Washington Examiner. Before Trump took office in 2016, the federal debt stood at roughly $20 trillion, but it has ballooned over the past four years to nearly $28 trillion as of Monday, the Examiner reported, citing data…
Hey Obama, Where Did My Ten Trillion Dollars Go?
September 15, 2018 by
So former President Obama is back out on the campaign trail. Maybe this time the press will hold him to account with some tough questions (spoiler: donât count on it). Hereâs a quick question for our former president, and a possible tagline for the GOP midterm elections. âHey Obama, where did my ten trillion dollars […]
BernieCare thirty-two trillion increase called a decrease
August 5, 2018 by
A recent Mercatus working paper from George Mason University that detailed the tremendous cost of Bernie Sandersâ health care plan spread like wildfire the last few days with false headlines from Leftist media outlets saying it showed government health care spending would decrease by 2 trillion dollars. But⪠the Mercatus white paper itself says right […]
Senate approves $1.3 trillion spending bill, sending to Trump.
March 23, 2018 by
The Senate rushed to approve a $1.3 trillion government funding bill early Friday morning, sending the mammoth legislation to President Trump‘s desk less than 24 hours before a deadline to avert another government shutdown. Senators voted 65-32 on the measure, well over the simple majority needed to approve it, despite late drama after the bill easily cleared the House on Thursday […]
Outrageous! Paul Ryanâs $1.3 Trillion Spending Bill Funds Planned Parenthood, Sanctuary Cities â Wonât Fund Trump Wall.
March 20, 2018 by
Speaker Paul Ryan is set to pass the largest spending bill in US history next to Barack Obamaâs trillion dollar failed stimulus. President Trump spoke on Monday about the importance of the border wall with Mexico to enhance national security and battle the opioid crisis in America. But once again it is unlikely that funding […]
President Trumpâs Debt Increase Half that of Obamaâs â US Debt Surpasses $21 Trillion.
March 17, 2018 by
The US Debt surpassed $21 Trillion for the first time in history this week. What the MSM wonât tell you is that President Trumpâs debt increase is half of Obamaâs at the same time in their Presidencies. President Trump took over in 2017 with nearly $20 trillion of debt and the related interest payments on […]
Donald Trump Announces $1 Trillion Infrastructure Plan.
January 25, 2018 by
President Donald Trump announced plans for a $1.7 trillion infrastructure investment plan on Wednesday. âWeâre also working to rebuilding our crumbling infrastructure by stimulating a $1 trillion dollar investment, and that will actually probably end up being $1.7 trillion dollars,â he said. The president revealed the price-tag during a meeting with about a hundred mayors […]
Cost of U.S. War on Jihadists: $5.6 Trillion, 7,000 Deaths, 52,500 Injuries
November 9, 2017 by
The United States is expected to spend nearly $6 trillion through 2018 on government-wide costs related to the wars waged in Iraq, Afghanistan, and Syria since 2001, reveals a study by Brown Universityâs Watson Institute for International and Public Affairs. According to Brown Universityâs Cost of War project analysis, authored by Neta Crawford, the total […]
WINNING: U.S. Household Wealth Reaches Record High of $1.7 Trillion
September 24, 2017 by
Household wealth in America reached a record high of $1.7 trillion in the second quarter of 2017 due to rising property values and gains in financial assets, according to a Federal Reserve report released Thursday. The report showed that low inflation and a strong job market contributed to Americansâ improved purchasing power, which in turn, […]
The National Debt Just Hit $20 Trillion. Hereâs How Congress Can Restore Fiscal Sanity.
September 14, 2017 by
Our national debt just topped $20 trillion. Thatâs 13 zeros, or $20,000,000,000,000. This also means that the federal government now owes almost $1.5 trillion more than the entire U.S. economy produced in 2016. To put this number into context, here are some other things that add up to $20 trillion: So how exactly did we […]
Obama Added $1 Trillion More to the US Debt Than President Trump At this Time in Their Presidencies
September 12, 2017 by
President Trumpâs record for the largest and longest US Debt decrease still stands but it ended today. Although President Trump held the longest and largest decrease of US Federal Debt in US history at $100 Billion, it is now over. When President Trump was inaugurated on January 20, 2017 the amount of US Federal Debt owed […]
U.S. National Debt Hits $20 Trillion For First Time In History.
September 11, 2017 by
On Monday, the total public outstanding debt hit $20 trillion for the first time in history after seeing several months of decline. For the first several months of President Trumpâs administration, the national debt saw a steady decline, dropping approximately $100 billion from the day Trump took office until last week. However, figures released on […]
$1.48 Trillion: Government Collects Record-High Taxes in First Half of FY 2016, Still Runs $461 Billion Deficit
April 13, 2016 by
Inflation-adjusted federal tax revenues hit a record $1.48 trillion for the first half of fiscal year 2016, but the federal government still ran a $461 billion deficit during that time, according to the latest monthly Treasury Department statement. Treasury receipts include tax revenue from individual income taxes, corporate income taxes, social insurance and retirement taxes, unemployment […]
Hillary Confirms Trillion Dollar Tax Hike Plan
April 13, 2016 by
[Alert: Hillary Endorses New National 25% Gun Tax: âI am all for that.”] During an interview with the editorial team of the New York Daily News, Hillary Clinton admitted her tax proposals will increase taxes on the American people by at least $1 trillion over the next ten years. Here is the key exchange from […]
CBO: National Debt to Hit $19.1 Trillion Under Obama
February 6, 2016 by
The Congressional Budget Office is predicting that the national debt will rise by a bit more than half a trillion dollars for the next two years, which will leave the nation with a $19.1 trillion debt by the time President Barack Obama leaves office. That would be close to a doubling of the debt under […]
Merry Christmas: House Passes $1.1 Trillion Spending BillâThanks To Democrats
December 18, 2015 by
Itâs pretty much a done deal. The House passed a $1.1 trillion dollar omnibus spending bill, and have skipped town for the holidays. The Senate is poised to pass the bill later today. House Democrats were key in getting this piece of legislation over the finish line (via Roll Call): Legislation to fund government operations through the remainder […]
Paul Ryan Betrays America: $1.1 Trillion, 2,000-Plus Page Omnibus Bill Funds âFundamental Transformation of Americaâ
December 17, 2015 by
Rep. Paul Ryan (R-WI)58%âs first major legislative achievement is a total and complete sell-out of the American people masquerading as an appropriations bill. Too harsh, you say? Let the programs, the spending, and the implications speak for themselves. (1) Ryanâs Omnibus Fully Funds DACA Though much of the public attention has surrounded the Presidentâs […]
$20 TRILLION DOLLAR MAN (WITH GOP HELP!)
November 2, 2015 by
President Barack Obama will increase the national debt to $20 trillion â and heâll be doing so with an assist from Republican leaders in Congress â when he signs the bipartisan two-year spending agreement. The national debt is currently at $18.15 trillion. But the new deal lifting the debt ceiling allows the Treasury Department to borrow another $1.5 trillion […]
Bernie Sanders policy proposals would cost $18 trillion
September 16, 2015 by
As a socialist, Senator Bernie Sanders is bubbling over with ideas on how to spend your money â as well as money the government has to print. So what would it cost to turn America into a workers’ paradise? The Wall Street Journal figures about $18 trillion. In all, he backs at least $18 trillion […]
