In 2009, The Obama Administration Told The Public That If The “Stimulus” Were Passed, The Unemployment Rate Would Not Pass 8.0%. Despite The Enactment Of A Stimulus Bill That Cost More Than $1 Trillion, The Unemployment Rate Peaked At 10.0% In October 2009.
On March 4, 2014, President Obama released his annual budget proposal. In 2015, 69% of the $3.9 trillion federal budget would be spent automatically without any Congressional control. Under the President’s proposed budget, mandatory spending and interest payments would grow unchecked and consume 80% of all federal spending in 2024.
On March 4, 2014, President Obama released his annual budget proposal. Gross federal debt has increased by $6.836 Trillion (64.3%) in just 5 years under President Obama. Under the president’s new proposal, debt is projected to grow by an additional $7.1 trillion over the next decade.
Except for a report that indicated new home sales in the U.S. increased to a five-and-a-half year high in January, there were very few positive economic reports last week.
The U.S. Commerce Department this morning announced its updated estimate for fourth quarter economic growth. In an report released last month the agency estimated the economy expanded at a 3.2 annualized rate in the last three months of 2013.
Last week’s indicators showed a softening in both the housing and manufacturing sectors.
The American Recovery and Reinvestment Act – better known as the 2009 stimulus – is five years old today.
The Labor Department on Friday released the employment report for January 2014.
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When the CBO released a new report on Tuesday detailing how Obamacare would affect major areas of the U.S. economy, social media was set ablaze. The keyword “CBO” trended on Twitter nationally and has gained 63,386 mentions since the release of the report.