Debt Ceiling Likely to be Raised Without Fanfare This Time
Although the Treasury warned that government borrowing would hit the debt ceiling before the end of the year, it also said it would use "extraordinary measures" to push off the...
About: Bob Adelmann
Posts by Bob Adelmann
Tax Moves Being Dictated by the Fiscal Cliff
Small business owners, some of whom have spent their lifetimes building their businesses, are unloading them before the end of the year in order to save taxes. The current...
Looking Behind the Latest Jobs Report Numbers
Friday’s jobs report from the Bureau of Labor Statistics (BLS) stated that “total non-farm payroll employment increased by 171,000 in October, and the unemployment rate was essentially unchanged [from September] at...
Agencies Set to Unleash Tsunami of Regulations after the Election
After learning that the White House had failed to enforce the law in order to protect President Obama’s reelection chances from potential negative feedback, Senator James Inhofe (R-Okla.) wrote a...
Taxmageddon Only Part of the Problem
The Heritage Foundation's calculations of Taxmageddon's impact on American taxpayers is only one of four impending disasters ready to hit on midnight, December 31st. ...
Problems for Friday’s Jobs Report: Political and Meteorological
On Monday the Bureau of Labor Statistics (BLS) said it was doing everything it could to make sure that Friday’s jobs report — the last one before the election — would...
Hurricane Sandy’s Impact on the Election
Hurricane Sandy's impact on the 50 million people living in her path is expected to exceed that of Hurricane Katrina's. Her impact on next Tuesday's election is expected to...
Preliminary GDP Report a “Nasty October Surprise”
The preliminary report from the Bureau of Economic Analysis on Friday about the nation's economic activity during the last quarter was called "a nasty surprise" by an analyst at...
European Central Bank President Buys Government Bonds But Warns of Deflation
Mario Draghi, president of the European Central Bank, told the German Parliament on Wednesday that, yes, he would be buying government bonds but, no, that wouldn't trigger inflation. ...
The Fiscal Cliff, the Fiscal Gap, and the Lame Duck Congress
Private congressional conversations about how to keep the country from racing off the fiscal cliff in January are already taking place in Washington, but few are willing to give...
The Passing of George McGovern: A Liberal Who Got Mugged
George McGovern, known for his ultra-liberal stance on issues of his day, passed away on Sunday, October 21st, at Dougherty Hospice House in Sioux Falls, South Dakota, at age...
Government Welfare Payments Top $1 Trillion for the First Time
In response to a request from the Senate Budget Committee, the Congressional Research Service (CRS) reported that federal welfare spending reached three-quarters of a trillion dollars last year. When added to what...
Former U.S. Comptroller Says U.S. Faces Fiscal “Abyss”
Former U.S. Comptroller General of the United States David Walker just finished another tour across the country promoting “fiscal reform and responsibility,” according to Forrest Jones, writer for MoneyNews.com. And what...
Senator Coburn’s “Wastebook 2012” Names Biggest Waste: Congress
For each of the past three years, Senator Tom Coburn (R-Okla.) has published his annual Wastebook, and each year the press has had a field day digging into the 200-page...
Romney Widens Lead Over Obama in Electoral College: CU Professors
The updated forecast of the presidential election by two University of Colorado professors shows Governor Mitt Romney stretching his lead over President Obama in Electoral College votes. ...
Movie Review: Atlas Shrugged Part 2
Part 2 of the movie trilogy of Ayn Rand’s novel Atlas Shrugged is, by turns, eerie, chilling, disappointing, and affirming. With twice the budget of Part 1, Atlas Shrugged...
Another Obama Executive Order Allows Seizure of Americans’ Bank Accounts
President Obama's latest executive order that allows the "freezing" of all accounts belonging to "sanctioned persons" in the US is one in a series of orders going back to...
Another Large Co. May Shrink or Close Due to ObamaCare, Higher Taxes
After 42 years of building an immense real estate and time share company, with 7,000 employees and revenues of $1 billion, its owner is close to giving it all...
3-D Printing Technology Soon to Allow Printing Guns at Home
3-D printing technology is developing so fast that individuals will soon be able to download free software from the internet and print their own weapons at home. ...
Medicaid Fraud in the Billions
The response to the admission by Deputy Director for the Centers for Medicare and Medicaid Services, Penny Thompson, made in September before the House Oversight and Government Reform Committee and chaired by Rep....