Last year Bankrupting America released a video called “Real or Fake” that quizzed citizens on whether crazy-sounding government spending examples were, well, real or fake. The answers, unfortunately, weren’t good news for taxpayers.
Since that video, the federal government has continued to spend at a rapid and clearly unsustainable rate. And as it turns out, the government is still funding some pretty ridiculous projects. So we decided to make a sequel.
Watch Real or Fake, part 2 below. Play along with the participants, the answers may surprise you.
http://www.bankruptingamerica.org/
The Congressional Budget Office has said that only about 7% of employers will drop their own company-offered plans and enter the new government plans that Obamacare will feature when the crap hits the fan in 2014. This small percentage, though is likely untrue. More likely it will be somewhere around 30% — or higher — costing the federal gov’t $466 billion in the first decade alone just for the costs of those joining the gov’t exchanges. 
It has been a tough few decades for high-end military procurement, for sure. Promising projects, hardware, weapons systems, trains, planes, and automobiles — not to mention numerous boats — have been started, millions spent on them, only to be unceremoniously cancelled due to those pernicious political whirlwinds. Our nation has an aging military infrastructure and we are losing ground to other nations.
I was happy to have been invited to a presentation of the F-35 in Rockford, Illinois put on by Lockheed Martin. There I heard about the F-35 from its development team, I heard from two Illinois congressmen, and was fortunate enough to have had a chance to fly the cockpit simulator (very fun, by the way).
Remember when South Carolina Representative Joe Wilson called out “You Lie!” when Obama claimed in his 2009 state of the union address that his Obamacare plan would never go to care for illegal aliens? Well, turns out Wilson was right. We now know that Obama did lie. His latest move has been to turn Obamacare to benefit illegals just like Wilson said it would.
Well, we’ve finally paid for the cost of government for the year. That’s right, it took over half the year for working folks to pay off what it costs to keep government rolling for a year. Sadly, Illinois does not far as well as most other states.
William J. Kelly of Chicago organized an event at a business across the street and about a block down from the venue where President Obama held his birthday bash/fundraiser. Naturally Chicago’s anti-Tea Party set were furious at the business and used threats and intimidation to stop Kelly’s event.
Illinois ended 2010 as the most indebted state in the union. Sadly, not a thing has been done so far in 2011 to make it better. Instead, it will get worse.
This story has so much to hate, it’s hard to figure out where to start. It has sports, it has a nice guy (not to be hated) and it has the idiots at the IRS… or maybe just speculation from a newspaper about the idiots at the IRS.
Back in 2005 Democrat Senator 
Senator Tom Coburn (R, OK) is trying to break heavy with the Tea Partiers — and for that matter his own party — by encouraging Republicans to include massive tax hikes in the on going budget discussions in congress this year.
While the Obama administration plays its games with “czars,” more “boards,” and “committees” to implement government accountability policies, Representative Darrell Issa (R, Calif.) has introduced some measures that would do a far better job to meet those goals.
As the Daley years wound down, Chicago’s public schools teachers were handed an automatic 4 percent raise across the board that was supposed to take effect next year. However, that largess from the taxpayers has just been rescinded by a unanimous vote of the Chicago Public Schools board.
You know things are bad when governments start selling things they “own.” The latest is the state of Illinois so over spent and in a budgetary hole that authorities are floating the idea of selling advertising space on its auto license plates.