United States Department of the Treasury

Report: Obama Admin Approved Excessive Pay for Bailed-out Execs of GM, AIG others

Report: Obama Admin Approved Excessive Pay for Bailed-out Execs of GM, AIG others

An internal government watchdog today accused the U.S. Treasury Department of approving “excessive” pay packages for bailed-out companies, including General Motors and Detroit-based Ally Financial. The Office of the Inspector General for the Troubled Asset Relief Program (TARP) released a [...]

Real Reason Obama is Rushing Home? U.S. to Hit Debt Limit Monday

Real Reason Obama is Rushing Home? U.S. to Hit Debt Limit Monday

The U.S. Treasury on Wednesday announced the first in a possible series of emergency steps to push back the day when the government will exceed its legal borrowing authority as imposed by the U.S. Congress. The Treasury said on Dec. [...]

Pundit: Then-and-Now Numbers Reveal Obama’s Weaknesses

Pundit: Then-and-Now Numbers Reveal Obama’s Weaknesses

As President Barack Obama nears the end of his first term, many are wondering what has changed since he took office. Others wonder, “What is he thinking?”   Within his first 100 days in the White House, Obama made his [...]

Obama’s DOE Rushed Treasury to fund Solyndra

Obama’s DOE Rushed Treasury to fund Solyndra

Energy Secretary Steven Chu may want the country to stop discussing the Solyndra scandal, but information continues to come to light that confirms the worst suspicions of the critics of DOE’s $535 million loan guarantee.According to a new batch of [...]

Hello Congress, I need  another 1.2 Trillion

Hello Congress, I need another 1.2 Trillion

(Reuters) – The White House plans to ask Congress by the end of the week for an increase in the government’s debt ceiling to allow the United States to pay its bills on time, according to a senior Treasury Department [...]

$15,000,000,000,000 – Fifteen Trillion – 15 Trillion

$15,000,000,000,000 – Fifteen Trillion – 15 Trillion

How Big is a Trillion? NASA explains In the U.S., one trillion is written as the number “1″ followed by 12 zeros (1,000,000,000,000). One year of clock time = (60sec/min) x (60 min/hr) x (24 hr/da) x (365.25 da) = [...]

Obama Has Increased Debt More than All Presidents from Washington Through Bush 41 Combined

Obama Has Increased Debt More than All Presidents from Washington Through Bush 41 Combined

The Obama administration passed another fiscal milestone this week, according to new data released by the Treasury Department. As of the close of business on Oct. 3, the total national debt was $14,837,099,271,196.71—up about $44.8 billion from Sept. 30. That means that [...]

Timothy Geithner staying on as Treasury secretary

Timothy Geithner staying on as Treasury secretary

Treasury Secretary Timothy F. Geithner will not be stepping down, a Treasury Department official said Sunday, ending speculation that the key Obama administration advisor was preparing to resign. “Secretary Geithner has let the president know that he plans to stay [...]

Fact Check- Obama said Social Security Checks may not go out on Aug. 3 if the debt ceiling is not increased

Fact Check- Obama said Social Security Checks may not go out on Aug. 3 if the debt ceiling is not increased

President Barack Obama and Congress are in intense discussions on raising the debt ceiling — the legal limit on how much money the government can borrow.  But the negotiations aren’t going so well, leaving observers — and some participants — [...]

If the GOP doesn’t act, Obama can’t Guarantee Americans will get their Social Security, Veterans Benefits, or Disability Checks

If the GOP doesn’t act, Obama can’t Guarantee Americans will get their Social Security, Veterans Benefits, or Disability Checks

Total Fear mongering and casting anxiety throughout the land. Oh how our President has brought Hope and change, doncha think? Here is the funny thing, Obama is so out of touch, he doesn’t know that Benefit checks go out or [...]

United States has never defaulted on the federal debt.  Oh Yeah what about 1979?

United States has never defaulted on the federal debt. Oh Yeah what about 1979?

Since the day of Alexander Hamilton, the United States has never defaulted on the federal debt. That’s what we budget-watchers always say. It’s a great talking point. One that helps bolster the argument that default should not be an option [...]

Tea Party Action Alert – Debt Ceiling Vote Today 6:30 PM

Tea Party Action Alert – Debt Ceiling Vote Today 6:30 PM

Today is the big day for the Debt Ceiling vote! We received word this morning that the House will be holding a clean vote on raising the debt ceiling at 6:30 PM this evening.  We need your help to make [...]

Debt Ceiling will be hit no later than May 16, Government will spend 63 Billion in 2 weeks

Debt Ceiling will be hit no later than May 16, Government will spend 63 Billion in 2 weeks

We are now finding out that the Debt Ceiling will be hit no later than May 16.  The Government is just 63 Billion shy of hitting it the Debt Limit.  Basically the government is spending 30 billion a week.  That [...]