There's been a lot of talk in the US media about the "Fiscal Cliff" and the "Grand Bargain" What are they?
The "fiscal cliff" is a confluence of three legal changes taking effect Jan. 1: the expiration of a payroll-tax cut, the expiration of the Bush-era tax cuts, and the advent of mandatory spending cuts known as "sequestration."Fiscal Cliff 101: 5 Basic Questions Answered. What's Happening: Fiscal Cliff Explained [more inside]
Enjoying your Friday night? Be careful out there. In between other things, including voting for huge cuts to the EPA's budget and regulating power, the U.S. House of Representatives just voted to eliminate Title X, originally signed into law 40 years ago by Republican President Richard Nixon, which provides funding for Planned Parenthood. [more inside]
The U.S. Army pays for lapdances. "In addition to the inappropriate purchases, the GAO said more than 1,200 Army employees wrote bad checks to pay their government credit card bills. Last year alone, that cost taxpayers $3.8 million in higher fees and lost rebates." You mean, the government practices bad accounting? Ron Paul points out that the Congress commits the worst accounting fraud of all. But the most important issue of all is, with the government paying for Strip Club tips, gambling, and wine, does this mean that God will no longer bless America?
Elmo appears before Congress. The puppet testifies before the Education Appropriations Subcommittee to urge more spending on musical instruments.