Debt Limit? Will the "no limit" condition continue? Or is it "bye bye" to the debt limitation?
Some thoughts about President Obama's FY2015Budget Proposal, by a budget analyst.
Check out this proposed new tax. IRS would start assessing taxes on capital gains as if they increased value to a company as ordinary income. Small businesses would be ruined. And follow the article's links.
President's Budget for FY2015 call for $1 Trillion TAX HIKE! [NDAC notice: you can download a copy of the budget via a link found in the links section of the home page of this web site, near the bottom of the page.]
Federal Budget Gimmicks appear to pay for new policies, but increase the debt. The linked report is great reading, lots of excellent charts.
CBO comments about CBO. Are their reports understandable? The current issue is the affect of increasing the minimum wage; If a small business has a typical profit margin of 8%, and labor is its primary cost, increasing the labor cost from $7.25 to $10.10 per hour will probably wipe out the profit ... and the small business. Consider a fast food small business, or a car repair shop (ex: quick oil change business).
Improper welfare payments, $100 Billion! But, wait, there's more, much more, check out this great compilation, it's your money.
Buying and selling U.S. Debt is big business. Here is a report about China selling off large amount of U.S. Debt. To whom, you might ask. The report explains.
Tax money, your money, a new huge waste is now becoming evident and being reported.
The IRS, information you may be interested in. divulging your personal information to public scrutiny.
A major government conspiracy is discovered! And a Congressional investigation is opened: Treasury Department, IRS and HHS conspired to create and unauthorized entitlement, $500 million worth of your money!
Treasury, IRS, and HHS officials simply rewrote the law [the ACA] to create a new, unauthorized entitlement program whose cost "may exceed $500 billion dollars over 10 years." [NDAC note: the ACA has not been amended in any way. It stands as signed into law. If you act in accordance with any of the executive fixes, you may be violating the law.]
Another shocking announcement from the non-party Congressional Budget Office (CBO); the ACA will cost more than $ 2 Trillion. It would be cheaper to just pay the doctor/hospital as needed!
Many taxes (especially federal taxes) an not called "tax". Some are built into other federal programs. Here is a great example.
Some explanation of where the Farm Bill money goes. The money comes from YOU! It's tax money, being spent on .... well, not on farming.
A massive spending bill, nearly $1 Trillion, passed the House! Farm Bill, and it has lots of traps!
Income equality, part of the ACA. It's par ot the "health law's new angle".
More planning for for retiring baby boomers required. Here is an explanation of surprises in the tax plan.
Do some planning for your 2014 taxes, you need to start now. More opportunities for deductions and subsidies and higher taxes.
We Will Be Told Hyperinflation Is Necessary, Proper, Patriotic & Ethical, , but there is adverse history to refute it.
This is how federal programs work. A great example that illustrates our government in action.
$9 Billion cut in food stamp program? NOT! It's only a shift. Read the small print and learn where it's going.
The 50 years War On Poverty; are we winning? How much has it cost us? How much of that went to folks in poverty? Not much, most went to the bureaucrats running the program. It's your money.
Here is a false headline: Congress faces key budget issues next week. Not true, they are funding issues. The two-year budget was passed last month and President Obama signed it. What Congress faces is an appropriations issue (funding). The budget is just that, a budget; just like what you do to plan ahead for your spending. Funding that plan is separate, for you and for Congress.
In 2013, government regulations cost us $447 Million PER DAY!!! There are only 300 million people living here. What's your share per day?
Why are government programs so wasteful? Here is a great explanation.
$500 Billion! That's the cost of new regulations since 2008, according to this report by The American Action Forum. Why, business compliance costs, which are included in the price of products.
A huge new tax, and a huge new political agenda to make it happen.
Most government fraud and waste in 2013 was Department of Health and Human Services; next was Treasury Department's IRS!
Are your savings safe? This report may make you think about it.
You, taxpayer, spent $6.2 Billion in food stamp overpayments in just 2013!
2014: many tax breaks are expiring. Here's a summary, will your taxes go up? Affects many individuals and businesses.
How many dead federal employees are still receiving paychecks? A lot! OPM and SSA seem to be in a contest to pay the most to dead people.
Heard of the TPP? It's the Trans-Pacific Partnership. Get to know about it and prepare yourself. This IS a SERIOUS matter!
Here is an update on the status and funding situation of the Social Security Program.
Here is a novel spending plan. It's your money!
Yet another hidden cost of the ACA. Read the fine print.
Social Security expenses soaring, in numbers and amounts. This article has links to reference data.
This article is about the ACA and Medicaid, but is the cost associated that alarms NDAC.
The "Debt Trap" is upon us. This article spells it out.
Watch your wallet, Medicaid is failing. Government will have to pay for it somehow!
The individual tax burden. Who pays more. Some pay less than zero! CBO report.
More of your money (taxation) going out of the Country, you're supporting Middle East and North Africa.
This opinion piece is well worth reading. Will federal authorities keep you from your own money in the face of another financial crisis?
Here is a nifty chart about taxes in the ACA. Provided by The Joint Committee on Taxation and Congressional Budget Office.
More waste of your hard earned money. And this time it is being given to illegal aliens.
An example of government run waste. Just helps explain budget issues. Lifeline Program. [NDAC comment: NDAC warns about this program elsewhere on this web site.]
The Centers for Medicare and Medicaid Services spent $1.1 Trillion of your money in FY 2013. You had no choice in the matter. Was your money spent wisely?
Senator Chuck Schumer has introduced a bill to delete the need for Congress! Wake up, America.
The purpose of the Affordable Care Act is to .... "Redistribute Tens of Billions". The proposed FY14 Budget specifies the details. Administrator Tavenner explains “ensure the integrity of programs that redistribute tens of billions of dollars.”
A possible new approach to budget resolution is growing in Congress. Pay attention.
The International Monetary Fund lays out the plan for Global Wealth Confiscation ... means "to get your money", especially your children's money. [NDAC comment: Global child abuse!]
The National Debt rose $328 Billion in one day. Shutdown result!
There are MANY bonds making up the national debt. A bunch of them came due in FY2013. Treasury paid them off $7.5 Trillion, by making $8.3 Trillion new debt.
Happy Birthday, income tax! Now 100 years old and 73,608 pages of code. have you read it?
[NDAC Statement: The federal government is shut down, thus spending has been minimized, greatly reduced. Meanwhile, $200 Billion tax revenue per month is still rolling into the government, thus the Debt Ceiling does not need to be raised.]
Congress fails to reach spending deal. Reid shuts it down. [NDAC comment: remember, $200 Billion per month tax revenue still going into the government while it is shut down. Do you want a refund?]
Government is broke, will shut down, but finds $100 Million to help Detroit. [NDAC note: The government is not broke; tax revenue continues to flow in at about $200 Billion per month.]
Department of Treasury: U.S. has $20 Billion less cash than estimated. [NDAC note: "Government shutdown" is invalid. The U.S. Government continues to receive tax revenue, monthly about $200 Billion! No need to shut down.
Entitlement spending is the biggest driver of skyrocketing debt. In only 10 years, Social Security, Medicare, and Medicaid will devour half of the federal budget. CBO report.
The Congressional Budget Office reports that fixing Social Security "would require a big tax increase".
A record U.S. Federal tax haul of $2.5 Trillion, and we still have a deficit of $755 Billion. [NDAC comment: Way too much spending!]
The GAO reports that Social Security overpaid $1.3 Billion in benefits. [NDAC Comment: What? wait, mistakes by a government agency?!?!? How could that be? And you trust Social Security Administration for your retirement?]
The House Ways and Means Committee is hard at it, working on tax reform.
Reminder: you pay for food stamps. Here's a cause of fraud that you paid for.
Magic: big deficit, no increase in Debt! Treasury Secretary Lew explains about "headroom". He used "extraordinary measures" described in the eleventh paragraph. But wait, there's more.
More government cost and less non-government workers to pay for it. Number of Gov’t Workers Up 324,000 in One Month – Private Sector Down 278,000.
Another taxpayer funded federal program. You may be paying double?
Your money going to terrorists. Here are two more: Convicted Terrorists and Palestinian Authority.
Businesses responding to Affordable Healthcare Act taxation, but cutting working hours.
Another government program you pay for. It's the Lifeline Program. Full of fraud and folks demanding it be expanded.
Your money at work: More than $1 Billion to Taliban, Al-Quaeda, Muslim Brotherhood, Iranian support troups, etc, in Syria; to support opposition to the Syrian Government.
It's NOT a tax, it's a "shared responsibility payment". It's part of the ACA, and here is the explanation. You pay.
Many States are cutting their income tax rates. Missouri is in a heated battle about it.
Your money (taxation) being given to Palestinians on West Bank to pay for their mortgages. [NDAC personal comment: U. S. Government, note this, I place certain stipulations on the use of money that you take from me (taxation). One is that you may NOT give my money to Palestinians. The full list of stipulations is recorded elsewhere on the internet.]
The National Debt Ceiling; The federal government has been shifting funding around to avoid hitting the current ceiling. But there is a new Fiscal Year starting on 1 October. They've run out of funds to shift around, and Harry Reid still hasn't let The U. S. Senate pass a budget for FY2014, as the Constitution requires. This is considered a high crime, since it's against the Constitution.
One key provision of the ACA may self-destruct itself. This article explains.
Social Security reform discussed. Article.
The U. S. Treasury Department Ran $98 Billion Deficit in July--But the National Debt Stayed Exactly $16,699,396,000,000. How can that be? This article does NOT explain it. [NDAC comment: There are several legitimate explanations, but none of them work, except .... someone is lying (aka cooking the books) and it will come out soon and they'll try to hide it and there will be another scandal.]
Another big expenditure, and you will pay. HUD awards $1.7 Billion to preserve public housing. HUD wants to keep our folks on welfare, and wants to make sure there is housing for them. You pay.
New fines defined for charitable hospitals, in the Affordable Healthcare Act. Most hospitals are charitable, treating needy folks as necessary. The IRS wants to tax and fine them. “Obamacare advocates turned over every rock to find as much tax money as possible.” said John Kartch, spokesman for Americans for Tax Reform.
Your money (taxation) now bailing out Congress!!! [NDAC comment: this is ludicrous, the Affordable Healthcare Act has a clause that requires lawmakers and their staff to enroll in the exchanges just like their fellow Americans, now we are bailing them out of this requirement. Are you going to react?]
UPDATE: Farm subsidies; USDA paid subsidies to 28,613 dead farmers between 2011 and 2012. About 1800 of them were "improper"!?!?! Gotta read the article. It's your money they're spending.
Millions of taxpayer's dollars spent on green jobs that don't exist. GAO report.
Another waste of your money: but there's a twist. Extravagant flight expenses, for short trips.
National Debt re-assessment: Actually this is debt obligations long term, $70 Trillion. But the study is very revealing about your tax obligation, your kids' tax obligation.
Is Congress too good for "Obamacare"? Have you told your Representative?
The IRS wants more, even more of your healthcare spending. Remember those Flexible Spending Accounts, where you can set aside healthcare funding? IRS wants it back ... $13 Billion of it!
Get your free Obamaphone. Here is how. Your taxes will pay for it.
You will pay a higher premium for your health insurance policy under the "Affordable Care Act" (ACA) AND you will also pay a separate premium for Lawmakers' healthcare. President Obama has just exempted them from the ACA.
"Fear and Loathing" describes Congressional Staffers' opinion and concerns about Affordable Healthcare Act (Obamacare). President Obama promisses to fix it for them, allow them to op out.
Paying for labor union workers: your money (taxation). And it's not small money.
New tax proposal to boost business; but it won't. It punishes small businesses, where most of the jobs are.
More on the "Farm subsidies" ... payments to dead farmers continue. And to people who aren't farmers. [NDAC comment: the purpose of the farm subsidy program many years ago was to reduce the cost of farm products to consumers ... but paid for with consumer's taxes. We know that the government takes much of the taxation to run farm subsidy program. So there is a great loss between your taxation and the reduction in cost of farm products. It's your money. Do you like the way Congress spends your money? Have you told your Senators? Your Representative?] (see a related article below).
China Maneuvers To Take Away US' dominant reserve currency status. Bound to happen.
IRS versus certain tax exempt organizations. The investigations continues. Here is another new aspect, refundable tax CREDIT to illegal aliens. You are a taxpayer, so you pay for this!
More IRS tax regulation. This part may be harmful to America.
You can't make this stuff up. The Affordable Healthcare Act is running into more, much more trouble.
NDAC reminder: All Federal funds, all state funds going to illegal aliens, comes from taxpayers. You ARE a taxpayer, even if you don't pay "income taxes", because when you buy something, you're paying embedded taxes, even before any sales tax is added.
The cost of subsidies for "Obamacare" has increased dramatically. Some of it was secretly preplanned. There is a lot more to this story, and taxpayers will see the costs in their wallet.
101 million people get food aid from Federal Gov’t; Outnumber Full-Time Private Sector Workers. The numbers keep getting worse. And they're telling us the economy is growing.
Aid to Egypt, using our money. Congress can't figure out whether to send aid. NDAC asks "just exactly who in Egypt are they thinking about sending aid to"? There is no faction in Egypt deserving your money or my money. Ask your Congress persons who?
IRS news is taxation news. Here is the latest.
More wasted money; Senator McCain says we should stop sending aid to Egypt. [NDAC Comment: This begs so many questions: We send aid to the Muslim Brotherhood and to the Egyptian Army ... and to "Egypt". We're aiding both sides?!?!? Is Congress trying to fuel a war? And just who gets that aid to "Egypt"? It's your money and my money that Congress is throwing on that fire.]
If Congress were to get rid of the IRS, what would replace it. Actually there is a bill in Congress now to do just that. It's H.R. 25 and S. 122. It gets rid of the IRS and replaces it with a simple revenue agency. Read it for yourself. NDAC advocates this bill.
The U. S. State Department spending your money on dorms in Afghanistan. More of your money going away. Are you going to do anything about it?
IRS operations are funded by taxes paid by you and me. Some of it goes to full-time union work. Everything we learn about the IRS shouts "get rid of it".
More IRS mistakes. $31 Million to dead people.
The U. S. Federal government is taking your money and my money to build power distribution in AFRICA! This is really getting aggravating! I thought President Obama said we're broke!!!!!!
Investors pulling their money out of the market; a record amount. And it includes international investors in U.S. Markets.
We've reported before on the vote buying, pork spending, written in unrelated legislation. Here is a new one: the massive Senate immigration bill. It is a monster as bad as the healthcare act. Here is one article describing some of the garbage included in the immigration bill. It has links to other sources and the bill. You can read it, our U.S. Senators DID NOT! It has little to do with immigration or border control. It's PORK! And we're broke, President Obama said so!
Farm subsidies, a lot of it goes to Congress Members who vote for it.
The IRS can find you, but can't figure out that one address can have thousands of residents. $46 Million lost. I want my money back!
NEW REPORT: IRS DELIBERATELY BROKE RULES. Knowingly, willfully, broke the rules. !Article about it. It's your money. Do something about it.
Calculation Error! Count the contributions, but not the benefit payments. CBO made the mistake, and it resulted in false reporting about "benefits" of allowing illegal aliens to become citizens.
Tax refunds ... IRS makes $46 Million mistake. This is seriously flawed accounting, so obvious. [It is way past time to get rid of IRS. H.R.25]
Deficits, Debts ... check out this article. The amounts are so large that some controversial reforms appear inconsequential in comparison.
The Farm Bill (2013) ... 80% of the spending goes to Food Stamps. Are you a taxpayer? Yes you are. Government taking your money and doing with it what you like?
Government only wants to tax SOME businesses out of business. Clearly stated by President Obama. Is your business one of the lucky ones?
Social Security Faces $9.6Trillion in Unfunded Liabilities. See this Social Security Administration Report dated 31 May 2013.
IRS scandal: the bad news just keeps on coming. Here is one article.
This is serious IRS business, and it affects you. Investigation. Pay attention. [NDAC comment: It is time to get rid of the IRS completely and start over. Our analysis points to the Fair Tax Act as the ONLY way to get this done. We have a Constitution, let's us it.]
The Congressional Budget Office now calculates that Affordable Healthcare Act (Obamacare) will cost $1.8 Trillion. We're broke and you don't have enough money to tax to cover the costs.
The IRS is directed to administer the Affordable Healthcare Act. The IRS is going to get even worse than the current headlines and news stories indicate.
If you were not afraid of the IRS before, pay attention. Pay attention to your government, pay close attention.
IRS will administer the new healthcare law. Yes we knew this. But, wait, there's more.
Congress is considering a bill to impose online sales tax, a state level tax. [NDAC comment: Normally NDAC only examines federal level budget issues. Sales taxes are state and local level taxation. We report this Congressional action because it is a case where the federal government is getting involved in state level taxation issues. NDAC considers this an encroachment on the several states' authority. State governments should handle this issue and avoid allowing the federal government to intervene.]
Do you buy "online"? The U.S. Senate wants add sales tax on your purchases. There was never a tax idea that Congress didn't like.
The Treasury Department has released a spending report that shows where your tax dollars were spent in 2012. There is a nifty chart in this article.
The President finally sent his budget proposal to Congress. Says new taxes aren't negotiable. Have you read his budget proposal? Link on the home page of this web site.
How much should the government allow you to save? Who will decide how much is "reasonable" retirement for you?
The "food stamp" program is costing you $ Trillions! Another record year! 48 million Americans are using food stamps. It's your money. [NDAC comment: The Department of Agriculture runs this program and its cost covers department salaries, rent, travel, celfones, benefits. It's a horribly inefficient program. But that's true for all government run programs. The Department of Education is the worst. Check their budget. See how much of the money going into the Department actually benefits schools, or education.]
$18Billion wasted, according to this report. It WAS your money.
You will pay for California's High Speed Rail. $40 Billion. Are you going to ride it?
Another great example of government efficiency. Your money being wasted big time by federal agencies. It's your money!!! Complain to your Congressmen. Do something about it!!!
The Senate passed it! 50 to 49, no attempt to balance the budget. $1 Trillion in new taxes. But it'll never become law.
Finally a budget proposal. Wow, what a proposal: $1 Trillion in new taxes.
Congressional Report: skyrocketing premiums for healthcare. Not the plan promoted.
On Wednesday, March 5, Treasury Inspector General for Tax Administration J. Russell George testified to Congress: “It is unprecedented in recent history, the amount of responsibility the IRS is being given in an area that most people don’t think of as an IRS function, ... ”.
The Treasury Department's Bureau of Public Debt on Friday, 1 March 2013, published its daily debt report, showing the government's total debt topped $16.687 trillion. On Jan. 20, 2009 the debt was $10.626 trillion.
New CBO report: Federal Government took your tax money and gave it away. Here is the report, $4000 per family, average. Did you approve the government to do this with your money?
Another example of our broken tax code. Facebook. Time for the Fair Tax Act! Let's get it done!
When the government takes money from a corporation for ANY reason, that company has to raise its prices to cover the loss. Here is an example.
$2.2 Billion on "free" celfones. Taking your money to give a celfone to someone else.
It's your money! So, do you want it spent like this?
The Congressional Budget Office says entitlements and Affordable Healthcare Act will be 53% of federal spending.
How much will health insurance cost your family? IRS published this report.
The Department of Labor reports $10.3 Billion wasted on improper unemployment payments in just one year! It's your money ... well, your children's money.
The second Sandy aid package is $50 Billion. How will we pay for that? It is a huge portion of the FederalBudget.
More Social Security bad news. It has a section called "Disability Trust. It will "fall delinquent" as early as 2016.
New tax item on your W-2 form. Check it carefully. Here is a rundown on the item. Read down a few paragraphs in this article.
National Debt limit issue ... borrowing extended WITHOUT A DEBT LIMIT! Watch this carefully. It's your money and your children's money.
Tax everything!!! Here is another new one from the new IRS rules. Foreign held pension funds, and more.
The government wastes your money. What happens whensomeone discovers a high profile waste?
New tax: on how many miles you drive. The federal gas tax revenue is going down because the government wanted more efficient cars. Commercial vehicles will have to pay that higher tax ... NOT. Nope, the customer will pay. All you have, came on a truck. Truck companies will have to include that increased cost in the price of their product (delivery charge). Their customer (grocery store, DIY store ...) will simply pass along the additional cost. Then think about taxis ... your taxi commute cost will increase.
UN anti-poverty agency spends your money, and makes NO PROGRESS. It's your wasted money!
Americans are more worried about taxation and economy than they are about guns.
The Debt Ceiling explained. The WSJ article explains the obligation of the U. S. Federal Government to pay its debts, but not entitlements.
The 14th Amendment, to the U. S. Constitution, regulates the national debt. Here are some key facts about the coming debt crisis.
The "fiscal cliff" solution raised taxes on the "wealthy" ... sorta. But a lot of them get off with amazing tax breaks written into the bill.
Debt Ceiling and the 14th Amendment. 6 facts to know about. [NDAC comment" read the Amendment.]
We start CY2013 with the National Debt at the limit. Should Congress increase the debt limit, or stop borrowing? Tell your Representative, tell your Senator!!!!!!!
Here are some great budget/spending charts from the Washington Post; they show who pays what taxes.
Here is how the CBO grades the "fiscal cliff" bill: "adds $4 Trillion to coming deficits.
Make some "rich" pay more, but give some (special interest folks) big tax breaks. It's all in the "fiscal cliff" legislation.
Federal Food Stamp program ... a record $80.4 Billion. You Pay.
Delayed, new regulations will cost you $billions.
U. S. Taxpayers will continue to pay more than one-fifth of U. N. Budget. [NDAC: what are YOU going to do about it?
Social Security ran a huge deficit in FY2012: $47 Billion. Record number of disabled workers.
An update on Foreign Governments that bought U. S. National Debt. You owe them.
New regulations and rules will increase taxes. Some details here.
Another government program wasting your hard-earned money. Objective OK, but if it's run by Government, it won't be run well.
IRS Report: Who Owns our National Debt, in table form by month, lists each country by amount.
Small businesses to be stung by IRS! This time it's the tax return/preparer service providers. New IRS rules go into affect. Many are expected to shut down.
Taxpayers to lose $? Billions as GM buys back shares of stock from the US Government.
The evolving fiscal cliff bill, new taxes no matter what. Here's Boehner's 39.6% offer. Income taxation, main component of the Communist Manifesto.
Hurricane Sandy Aid Bill: $60 Billion, but full of surprises and gifts not related to Sandy. Political favors you pay for!
Update on Fiscal Cliff discussions. Boehner offer millionaire tax hike.|
[NDAC note: it's still taxation of INCOME, ... NOT ON WEALTH. Pass the Fair Tax Act and fix this. H.R.25 / S.13]
A "torrent" of new rules may cost more than the Fiscal Cliff.
Define "fair share" of taxes. Here is a good example to help you figure it out.
The CEO of Aetna explains why insurance premiums are being increased, and some as much as double because of government mandates.
Great explanation of how Social Security affects the National Debt. Notice the SSA explanation in paragraphs 5, 6, and 7.
More questionable taxpayer expenses; Union Bosses Salaries. $4.8 Million. From your pocket whether you like it or not.
Some Members of Congress urge delay of "job-killing taxes" in the Affordable Healthcare Law.
Just two and a half months into FY2013, and the deficit has already reached $292 Billion. Keeps adding to the National Debt.
New fee will be added to your insurance premium. Here are some details.
Medicaid (state medical welfare) vs Affordable Healthcare Act. It will cost each state even more than expected.
Political errors lead to the fiscal cliff. Here is one person's perspective on the sequence of failures.
A balance budget is NOT THE GOAL of budget discussions.
[NDAC comment: here is a shining example of another Congressman who doesn't know the difference between "debt" and "deficit". Learn the difference and pay attention to what they say!]
CBO: $4.25 Trillion in new debt under current law.
Senator Reid says "Tax Rates Go Up or No Deal" on Fiscal Cliff negotiations.
Tax loopholes, and this is maybe the most absurd. NDAC calls it ghost income taxation.
FY2013 deficit growing fast. The Federal Government deficit so far in FY2013 is $292 Billion, that's $4.8 Billion per day, borrowed from your children without their permission.
Washington Post will pay dividend early, so stockholders can avoid 2013 tax increases they helped get in place.
More of your money going to a great cause. Here are the details. Your taxes at work.
Here's another new tax. This one on "medical devices". Cost of medical service will go up. It's part of the ACA.
Welfare spending is so much that the Fed could have just given every "poor American" $20,000 last year.
Is China's economy going to tank? What if it does? It will affect the U. S., check this out.
New IRS tax rules require 159 pages to explain one new tax on investments established by the Affordable Healthcare Act.
Another good, brief explanation of the fiscal cliff components.
This is a great "infographic" of the fiscal cliff, the author calls it a "cheat sheet".
NDAC reminder: "Government Funded", "Government Subsidized", "Government Money", ...
they ALL mean "TAXPAYER FUNDED, SUBSIDIZED, MONEY". It's from YOUR pocket.
Fiscal Cliff? What about the "Regulatory Cliff"? It will cost a lot to comply. Estimate is $100 Billion. It's your money.
Yet more taxes; this one a special new tax on health insurers. Premiums will go up to cover the cost.
Solving the "fiscal cliff" with a "balanced approach". Washing Post doesn't think so. [NDAC comment: some excellent points made in this article.]
More information about the U.S. National Retirement System is being released. Do you really want the government to take over you IRA and your 401k?
The budget problems in San Bernardino illustrate the budget problem of the U. S. A legal fight is reported here with the problem details.
What do you expect from your 401k/IRA? What if the government takes it over? Here is one study about 401Ks and IRAs. How well does the government run other programs?
Congress and the WH may indeed find a solution to avoid the "fiscal cliff"; but you may not like the solution. It will have higher taxes and some spending cuts. It will NOT reduce the national debt. Remember: "Reducing the deficit" is a meaningless soundbite. If the DEFICIT is any amount more than ZERO, we have to borrow more and the DEBT grows.
Meet the millionaires who pay the highest tax rate, an IRS compilation. ["Highest income earners" DOES NOT EQUATE TO "richest". Our tax code does NOT tax "richness", only "income".]
IF the top 5% income earners pay 40% of all income taxation, just what is their "Fair Share"?
Who would be your choice to write banking laws? Think about it, then read this. Americans, you better wake up and pay attention to your government. Taxation will be our doom.
Fraud in a major government program!?! Nawwww, can't be. This is a big deal. Take note, it's your money and your program.
Not news, but updated and from another source. Interest on the National Debt dwarfs other Government spending.
Fiscal Cliff drop-outs, demand to be left our of Deficit Deal. Who? Federal Workers.
U. s. Farmers and Ranchers are bracing for return of the "Death Tax".
[NDAC note: If a farmer/rancher wills his/her property to someone, that someone has to pay the death tax, which may be more than the property is worth. In the past, it happened often. The government gets the property. =>Marxism.
U. S. Pension Insurer has a record deficit of $ 34 Billion. Another federal agency doing so well.
The Federal Housing Administration (FHA) is going broke. Yet another fine example of government program performance. It's your money.
Here is a great explanation of the fiscal cliff. Are you over the edge yet?
And now the tax increase talks get started. Corporations and the wealthy are the first target; $1.6 Trillion, he says.
[NDAC reminder: Corporations do not pay taxes, they just increase their prices to cover the extra cost].
Will taxing the "rich" solve our deficit problem? Do your own research, then ask NDAC. What about if the government simply confiscated all the rich people's assets? Would that work?
The budget deficit, starts at $120 Billion in just the first month of the fiscal year!!! The Fiscal Cliff is already impacting businesses.
Taxation has consequences. The layoffs have started. Businesses are reading the ACA, seeing massive new taxes coming.
Big bucks for NPR. Interesting story. Save your tax dollars.
Bob Woodward says that balancing the budget by raising taxes on the "rich" is fantasy! [NDAC comment: "Rich" or "High Income Earners" ... or both. They're not the same.]
The BBC says the U. S. has committed fiscal suicide. Here is the analysis.
Gasoline taxation: ever wondered where you gas money goes?
Here is the time table for start of the new taxes established by the Affordable Healthcare Act.
Individual Mandate Tax Form: who will be exempt? Probably not you, if you're reading this.
Here is an analysis of the "Fiscal Cliff" that President Obama and Congress must deal with hastily.
Additional taxes hit disaster victims. Our Internal Revenue Code spells it all out. Are you affected by Hurricane Sandy. Pay more taxes.
Linda Stern, Reuters, has some options to handle the new tax initiatives, so you avoid some pain.
some of the comments help explain this article. Americans vote for higher taxes.
Tax moves being dictated by the Fiscal Cliff.
We've almost reached the debt limit, again. Senator Reid has a solution. Raise the limit a lot. Your kids will pay for it.
Your money spent for another good cause. Department of Energy figured a way to .... well, check it out. It's your money.
About the new IRS tax form; must report your personal health ID info to the IRS. The Fair Tax Act would be a big help, right about now.
Effective business management is illustrated in this example about General Motors.
The U. S. National Debt is up $5 Trillion since the Senate last passed a budget. Hey, who's in charge of the Senate?
Lots more of your money being spent to help Palestinians. But it's being done in secrecy! Pay attention.
CEOs call for "deficit fix".
[NDAC note: today is 25 Oct 2012, the deficit is ZERO!!!!! The DEBT is $16 Trillion. Learn the difference, CEOs. Or it will never get fixed.
30 hours per week is defined as "full time". In accordance with Affordable Healthcare Act, Section 1513 section 4 para A. Employers take note.
FY year end budget spending and debt summary table provided by Treasury Department, reported by AP.
Huge pay gap between government workers and private sector workers. But this story explains problems with the analysis methods.
Here is more information about one of the large tax increases coming in 2013. Payroll Tax. Do your research.
Billions of U. S. tax dollars wasted on a problem that didn't exist!!
"Green" costs taxpayers a lot more than you may know. Here is one example you probably did not know about.
Kodak to end healthcare benefits. This move solves bankruptcy issue.
[NDAC note: Employment benefits should be pay for a job done, that's job compensation. When did this notion about healthcare as a compensation benefit get started?]
Updaate on Free Celfones: The cost to taxpayers was $1.6 Billion in 2011.
Another great government program, uses your tax money. It's a PR contract to promote the new Healthcare Act.
"One million small businesses are threatened by pending tax hikes" new IRS study reveals.
Update on the surtax for selling property, Starts in 2013, based on new Healthcare law, IRS still working on the rules. Lots of loopholes and unknowns.
The U. S. National Debt jumped $1.28 Billion in FY2012. The total has passed $16 Trillion!
Most U. S. households will see a large tax increase in 2013, depending on whether Congress acts to stop it.
Free cell phones are not free. You are paying for her free phone. See the "Universal Service Fund" on your celfone bill.
The Muslim Brotherhood, now in charge in Egypt, gets U. S. taxpayer aid, up to $1 Billion.
Your money being used to buy votes. Happening right in Ohio. It's your money.
World Bank, coming soon. Purpose: distribute wealth. Read it a see!
How much does it cost for vacations? Here is some analysis on how much taxpayer spend on Government vacations. $1.4 Billion in one year.
Protests and Riots resulting from federal budget cuts. Is this going to happen in the U. S.?
"Small businesses need certainty". The U. S. has a horrible tax code. Here's is some explaining. Dan Danner video.
Look who profits from the new health care law. AARP.
Federal Taxation growth analysis, several sources. Compilation and discussion by Ira Stoll of Newsmax.
$1.8 Trillion Shock! A new report by the Competitive Enterprise Institute says that complying with Health & Human Services Department requirements will hit much harder than expected.
Changes in U. S. Family finances from 2007 to 2011: Report from Survey of Consumer Finances. Median income fell.
The Federal Reserve Bank is running QE3 now. It's having a huge effect. Dollar value DOWN! It's going to cost you.
Your dollars at work: Project number one, and project number two.
A new record, Social Security and Disability Payments hit annual records.
The Congressional Budget Office reports that the deficit for first eleven months of FY2012 is $1.17Trillion.
Election time: Both parties discussion changes to the horrible tax code. The best solution is already in Congress: H.R.25 / S.13.
The Congressional Budget Office reports that healthcare spending will surpass all discretionary spending by 2016.
U. S. Treasury Department reports that $10 Trillion withdrawn from the treasury in just this fiscal year!
Food Stamp enrollment hits record 46.7 million in June 2012. You pay for that!!! The government takes YOUR MONEY to pay for that!
Taxpayer funded abortions part of government plans. Tell 'em how you feel about this!!!! Contact your Representative, your Senators.
The U. S. Labor Department is GRANTING $75 Million to out of school youth.
[NDAC comment: And where does this money come from? It comes from you, taxpayer! Government is taking your money and giving it to someone else without your permission.]
There are enormous differences between the Obama and Romney tax plans. Do you know about them?
Treasury Department changes how Fannie Mae and Freddie Mac disperse profits. May lead to their shut down.
Report: Illegals get $4Billion a year in cash refunds from IRS, loopholes. [The U. S. Tax code is a disaster! Pass H.R.25]
Congressional Budget Office projects $1.1Trillion deficit for FY2012. NDAC projects $1.25Trillion.
Unique taxes and rules are sometimes levied only to control successful operations.
Federal loans ... who gets them? Many go to political donors, and get wasted.
U. S. Government foreign debt his a record! $5.29Trillion. National Debt is fast approaching $16Trillion.
Yet another IRS rule. This one will increase taxes based on the new healthcare law.
More California cities at risk of bankruptcy. Will affect our whole country.
Social Security still has a small surplus. Won't last long. It's dwarfed by its future deficit.
Solyndra bailouts are costing us more than expected. Taxpayers may recover only $24Million of the $527 Million spent.
GM/Chrysler bailouts are costing us more than expected. Just the stock loss is more than $18Billion, updated: $24Billion, and that's not all.
USDA spends $2Million, gets one intern. It's your money, and good example of government programs.
Treasury Department sells more bonds. Bidding for 10-year notes lowest in years. Adds to the National Debt.
Corporate Welfare; according to the Cato Institute, cost taxpayers almost $100Billion in FY2012.
[NDAC comment: just remember, any taxation on corporations is included in the price of the product. The "corporation" does not pay that tax.]
U.S. Bureau of Economic Analysis revised the data used to project future GDP for the U.S., and updated it's forecast.
Here is some explanation of the new taxes legislated by the Affordable Healthcare Act, aka: Obamacare.
Tax Scam: IRS pays out Billions in Fraudulent Refunds. It's time to get rid of all federal income taxation and the IRS: pass the Fair Tax Act H.R.25 / S.13 waiting now in Congress.
The District is paying 305 students with poor Academic and behavioral records to attend summer school. Who is paying? Oh, yeah, you taxpayers.
The continuing resolution will fund the new healthcare law. Like it or not, both parties agreed to it.
On Tuesday (31 July 2012), Congress struck a deal to fund the government for six months. But no budget.
Small business owners be warned: The DOJ will be looking for you. If you are employed, it's probably with a small business.
The Congressional Budget Office reports that the Affordable Care Act ("Obamacare") will increase business taxes about $4Billion, personal taxes by $1Billion.
[NDAC comment: don't forget that businesses DO NOT PAY TAXES. Their tax cost is built into the price of their product. The tax increase is ALL on individuals!]
The U. S. National Debt has increased this year by One Trillion Dollars, fifth year in a row.
Free roads for your business. Ummmm, well maybe not. Explanation. Taxes pay for road, your fuel tax and more.
Universal Access Fee. It's on your celfone bill. Check it. You're paying for someone else's celfone. Lifeline.
A CBO Report says the rich are getting poorer. Here's an analysis.
U. S. contribution (your money taken as taxes) to the UN, and where the UN uses that money.
Another solar plant closes. Amonix closes after 14 months and heavy federal subsidies.
Ooops, Jame O'Keefe finds another one. This time your tax money to dig and refill "ditches".
[NDAC reminder: Who pays for government handouts? You do! You pay taxes every time you buy something. Corporate taxes are included the price of everything you buy; income taxes, etc; and you have no choice!
Another government welfare program "frauded". Most government welfare programs have rampant fraud.
Some states tax online purchases (sales tax). Now it's about to go nationwide.
Senator Reid obstructs vote on President Obama's Tax Plan; but circulates his own unpopular tax plan. Meanwhile, the House of Representatives tax plan won't even be heard in the Senate.
Debt increase per taxpayer over the last few years exceeds $64,000. But think before you place the blame, or plan your own bailout.
Balancing our budget is nearly impossible. Here is an excellent explanation.
The federal government wants to dramatically increase taxes on small businesses. This should help them hire more workers.
Government overpaid unemployment benefits, $14Billion! Example of how well government programs are run.
[NDAC comment: And you want the government to run your healthcare program????!!!!! Or your retirement program???!!!]
A French company, Soitec Solar, lost about $70Million in its operation. But the U. S. DOE gave them $25Million U. S. Taxpayer money to stay in operation after the loss.
The U. S. Government will take money from you and give it to Afghanistan. $1 - 2 Billion per year through 2017. Is that where you want your money spent?
The IRS is going to struggle to handle the new taxes imposed by the Affordable Care Act.
Yet another energy company in trouble after borrowing YOUR money.
The U. S. House of Representatives is working legislation to prohibit IRS from implementing the healthcare act.
[NDAC comment: all revenue bills must originate in the House. The healthcare act was not voted on in the House, but was determined by SCOTUS to be a tax (revenue) act. Thus the House may stop its funding.]
Already 13,000 pages of new regulations drafted to implement the new taxes specified by the healthcare law! IRS struggling with this massive government expansion.
Fraud identified IN the IRS. So now the IRS is being audited. The research has already found $Billions lost to taxpayers! Here's more!
the Heritage Foundation has published a report explaining the new taxesin the healthcare act.
Update on General Motors taxpayer bailout results. Costing us $35Billion and counting. Explanation and update.
Some analysis of the new healthcare "tax". If it IS a tax, it had to pass in the House of Representatives, but it didn't, it was "deemed".
Seven (7) new taxes, ummm actually quite a few more than 7.
[NDAC note: we stated several months ago that the healthcare act was not about health, but about taxes. Now the SCOTUS has confirmed what we pointed out.]
Stimulus loans, who got it? Here is part of it. Tax Cheats got $1.4Billion of it.
Congress exempts the cost of its own retirement benefits from calculation of the deficit. So the deficit is much worse than reported. You may be surprised how much.
The Study: Hundreds of Billions of tax money spent on Welfare, but poverty levels unaffected.
Taxpayers spend $80 Billion per year financing food stamps. But the Federal Government has no idea what the money is spent on.
The Social Security disability program is headed for insolvency in four years.
The retirement portion of Social Security costs $600 billion a year, while Medicare costs $560 billion annually.
Deficit to Top $1 Trillion for Fourth Straight Year.Treasury Department announcement, and follow the links.
The IRS will spend $881 Million to implement "Obamacare". NDAC thought this was a medical program, must be a tax program.
Another government give-away of our taxes. Free celfones with food stamps. $2.1 Billion per year.
[NDAC comment: this free phone program is reported on our main page. It's called Lifeline.]
UN to Consider $1,300 Green Tax on US Families. The UN does not have authority to tax us, unless your government allows it. It's NOT Constitutional.
North Dakota considers eliminating property tax. Some are against the measure. See who here.
Your Tax dollars at work. Here's another good example.
UN wants to tax internet. U.S. discussing it. Leaked Documents ... pay attention.
The Consumer Financial Protection Bureau is grabbing more authority. Now it's going after college loans.
Federal tax refund you will NOT LIKE! IRS reports about it.
The Affordable Care Act ("Obamacare") establishes lots of new taxes. The House of Representatives will vote to stop some of it shortly. Then maybe the Senate.
The U. S. Department of Education costs taxpayers about $80 Billion last year and what did we get for it? More regulation and control. Louisiana is doing something about it.
Every new government regulation costs us taxpayers money. Even UN sponsored regulations cost us tax money. Pay attention and act!
America lost 129,000 millionaires in 2011. Where'd they go?
Your kids' tax money at work. Here is a good example.
China and Japan begin trading direct in their own currency, bypassing the dollar.
Are the high income earners paying income taxes? Here is latest IRS report.
A disability program trust fund, run by Social Security, is facing insolvency faster than the Social Security Trust Fund. This report.
Congressional Budget Office (CBO) says that the U. S. is facing a financial cliff if the budget is not addressed "now".
Cities get their funding from taxpayers. NDAC shows you the Federal Spending, is there a similar chart for your city? What do cities spend it on? Here's one item.
Government spending binges are in the news. What's the reality? Remember, we're in campaign season. Is spending up or down?
Environmental impact studies leading to the mining ban, are probably way overestimated. Economic impact may be worse.
There are those terms again, waste, fraud, abuse. Another government program analyzed.
Yet another new tax. Here is ample proof that the tax code is not about revenue; it's about controlling social behavior.
A program administered by the US Department of Housing & Urban Development causes States to spend money they don't have, and may be ruining some HUD housing.
The UN is urging the G8 to consider a "Robin Hood Tax". UN leadership says its for Human Rights, and their track record for Human Rights is what?
President Obama's budget proposal finally got a hearing in the U. S. Senate. Defeated 99 to 0!
$46 Trillion "perfect storm" closing in on U.S. JPMorgan's recent loss was only a mere $2 Billion.
Yet another "stimulus plan" in the works. This one is $447 Billion, to be done piecemeal.
UN wants to compensate terror victims. And this money will come from where? Oh, yeah, U.S. is the biggest donor to the UN.
Coming soon to your neighborhood. Greece will run out of money soon. Pay attention.
NDAC is looking for factual rebutals to this article. Top ten failed energy policies. We'll publish your FACTUAL rebutals on our web site. Email to NDACBOSS
VP Biden tells students "You all realize your spreading socialism, don't you?" Who is going to pay for this?
U. S. Post first budget surplus since 2008. Wait ... what? Those Congress folks couldn't find stuff to spend the extra revenue on?
Know where the campaign cash comes from.
Inspector General report ends myth that TARP turned a profit.
No Federal Budget for 3 years! Here is one statement about it, just his opinion. Deliberate Plan by the Senate.
Economy's biggest drag right now is government! This CNBC article has excellent links with explanations./li>
First public pension fund files for bankruptcy. The politicians promised more than they could deliver.
Brics’ move to unseat US dollar as trade currency.
U.S. taxpayers are unlikely to recoup TARP bailout funds. Here's the IG Report.
The Buffet Rule: according to the Joint Committee on Taxation, would cover about 11 hours of government.
United States Budget Dilemma. This is a great explanation.
Hour of Consequence Approaches for Social Security and Medicare.
Yet another budget battle looms. Any money the government spends, must be borrowed. President Obama said "we're broke".
The Export-Import Bank granted 44% of it's Federal Government Financial Aid to only three companies, totaling $32.7 Billion! It's your money.
"The budget proposed by President Barack Obama and the one by House Budget Committee Chairman Paul Ryan aren't as far apart as you might think." -Bloomberg.
Another solar firm bites the dust. See this full explanation. What's so wrong with solar energy?
Who is in charge of administering Healthcare Reform? Why, it's none other than the IRS. Who did you think? Some medical agency?
There will be a huge tax hike in 1 January 2013, unless Congress acts to stop it. Learn more about it.
President Obama's staff is now promoting tax cuts to "spur economic growth". But not for U. S.
Interest on Federal Debt Hit $104B in First Half of FY2012—Despite Low Interest Rates.
Another $2Billion of your money down the drain. Your kids gotta pay for it.
A major paradigm shift is occurring in our economy. It is explained here by President Obama.
[NDAC comment: Does the Federal Government have the authority to take your earnings and give it to someone else? Not according to the U. S. Constitution.]
The U. S. House of Representatives has passed a budget for FY2013. Now it goes to the Senate for final approval. They rejected President Obama's budget proposal.
[NDAC comment: Recall the Senate has not passed any budget proposal since FY2010.]
It's looking like we won't have a Federal Budget for FY2013. There seems to be a problem in the Senate.
A good example of the budget/financing politics going on in Congress. It's your money!
The IRS is getting bigger! It's bumping up to handle "Obamacare", at a cost of $300Million.
Taxation, but not a tax. The Supreme Court is going to decide about it. Health Law Hearing.
Unless Congress takes action, the top tax rate on dividends is set to jump to a whopping 43.4% next year.
Another big government loan for a private company. That's just to build this thing! How are they going to maintain it? Oh, yeah, more taxes.
Save this web site: Bloomberg Tax News, for a source of breaking information and analysis.
U.S. Tax Breaks Valued at More Than $1 Trillion, Who Gets The Breaks?
The House of Representatives will submit its FY2013 budget proposal. Do you think Senator Reid will give it a chance?
Geithner Asked What Would Be Very Last Debt Ceiling Request; Says "A Lot, Would Make You Feel Uncomfortable".
Why is Apple keeping it money overseas? It because of the stinking federal tax code!
The Congressional Budget Office has revised the expected budget deficit upward to $1.2 Trillion for 2012.
More waste and fraud perpetrated by a government program. You pay for this.
Wind Farms Were Paid to Stop Producing Power.
The U. S. Government coerced the country's banks into making mortgages for people who didn't qualify. The bankers took advantage of the Government mandates.
Result: bank failures, bail outs and worse. Now the Government is doing it again
On 7 March 2012, President Obama announced Taxpayers Will Guarantee Mortgages Without Checking Borrowers' Incomes or Employment.
Energy Secretary Chu admitted to a House committee that the administration is not interested in lowering gas prices!
Head of the Federal Reserve Bank, Ben Bernanke warns Congress that we're headed for a massive fiscal cliff.
1 Mar 12: A new GAO report says that the U. S. Government wastes Tens of Billions of dollars every year on Federal Programs.
[NDAC comment: Starting around page 9 you'll see their list. What a bunch of hooey! There are at lease four Federal Departments that could be deleted entirely and it would improve operation of State's activities. Government is in the way!]
Fannie Mae is asking for another $4.6 Billion bailout. Where's that money gonna come from? Your Pocket!
Is the U. S. economy better off than Europe's? Cato Institute studies the situation and reports it this way.
A123 Systems, an electric car battery company that got $390 Million tax money from you, just laid off 125 employees, and the executives took big bonuses. It's your money!
The Bipartisan Policy Center said Friday that the debt-limit doomsday could come sooner than expected.
New tax plan proposed by President Obama will "close loopholes", but will open new ones!
[NDAC comment: The tax code is 80,000 pages, cannot be fixed. Must be replaced: Fair Tax Act of 2011, H.R.25 / S.13.]
U. K. tried raising their income tax rate to gain more revenue. Oops, didn't work, revenue down.
Yet another surprise found in the FY2013 Budget proposal from President Obama. It will raise the dividend tax rate to 39.6%.
22 Feb 12: UPDATE: Nearly half of Americans don't pay income taxes. Great chart from IRS.
Good example of the government taking your money to pay for someone else's purchase.
17 Feb 12: Congress has passed the payroll tax cut extension.
The Social Security program reserves will be empty by 2022, according to President Obama's budget proposal. Read carefully, the RESERVES will be empty. It's already calling IN the reserves now.
President Obama weighs in with his personal desire for a global minimum tax.
Are you still funding ACORN? It is still getting taxpayer funding!
One White House advisor says we need a Global Minimum tax. [NDAC Comment: Globalism => socialism, marxism, communism. Look them up in Wikipedia. Will this become a welfare world? U. S. is already a welfare state.]
Is Medicare going broke? Most analysts say "yes". [NDAC comment: Government is promising too much with no way to pay for it.]
We're learning about the President's budget proposal for FY2013. One thing it will do is increase taxpayer losses on TARP.
13 Feb 12: President Obama has submitted his Budget Proposal for FY2013 to Congress. Be sure to look at the "Historical Tables, especially Table 4.1.
By official definition, the U. S is now a welfare state. Fifteen percent of American population is on food stamps. This article explains further.
You are a taxpayer. President Obama says you will be forced to pay for Sterilization, Contraception, Abortions; either through direct taxation or insurance premium increases. Government taking your money to pay for someone else's condoms, surgery, and abortions!
President Obama projects $1.33Trillion deficit this year. He will submit his budget proposal for FY2013 on 13 February, it has lots more taxes.
Taxpayers Footing Cell Phone Bill for Millions of Americans. Another example of government taking some peoples' money and giving it to other people.
3 Feb 12: House votes to eliminate automatic spending increases in the federal budget.
Auto bailout cost revised up.
31 Jan 12: Congressional Budget Office reports another $1 trillion deficit.
The U. S. Government is funding special groups to go out and find more food stamp recipients. [NDAC comment: Spending money to find ways to spend more money!!!!!]
There are NOT enough rich people to solve the national debt crisis. And it really is a crisis. Your children will have to fix it.
26 Jan 12: The national debt ceiling has just been raised to $16 Trillion.
We've learned a lot about the 99%ers. But what do we know about the 1%ers? Seems the 0.1%ers and the 0.9%ers are at odds. Interesting story.
There are several, but here's one source of back taxes.
25 Jan 12: President Obama discusses his tax plan. It faces long odds in Congress.
[NDAC comment: In his SOTU speech, he presented a plan to reward corporations which bring their operations back to the U.S. OK, but in the same speech he described how the same companies would be penalized for being successful once their operations were returned to the U. S.]
26 Jan 12: President will submit his budget proposal to Congress, late.
25 Jan 12: Federal Reserve Bank says full recovery is years away.
Complying with our horrible tax code costs us $430 Billion per year. This is pure waste. It's non-productive! The Fair Tax Act would stop this nonsense.
Due to entitlements, a household of four making minimum wage has more disposal income than a family making $60,000 per year.
Japanese holdings of U. S. Debt is more than $1 Trillion for the first time.
The whole federal tax system needs an overhaul. But how do we get Congress to pass H.R.25 / S.13 to make it so???
The House of Representatives voted to block request for debt increase. But it doesn't matter. Congress already passed a law making the debt limit increase automatic. Read the article.
U.S. sells debt at negative yield ... that means at a loss.
Congress argues about how to pay for payroll tax cuts. [NDAC comment: Payroll taxes pay for Social Security benefits.]
Central banks are printing money, this is adding fuel to inflation worries.
Amazing corporate tax breaks in the $Billions! It's revenue loss to our government.
[NDAC comment: remember that taxation on corporations is just a cost to the corporation, and included in the price of their product. Restoring the tax on these corporations will increase the price of their product.]
The President requested $1.2 Trillion Increase in Debt Ceiling. That new debt will be on our kids. [NDAC comment: Isn't that child abuse?]
See/Hear what Representative Mike Kelly has to say about how Congress is handling the federal budget.
Our national debt is now more than our economic output, says Bureau of Economic Analysis.
Here is a great explanation of the debt limit increase. [NDAC comment: aka "child abuse".]
President Obama will be submitting his budget proposal for FY2013 shortly. This article provides a preview of what's in it. (Look past the headline.)
The IRS estimates that 17% of taxes owed never got paid. [NDAC comment: could fix that by passing the Fair Tax Act.]
Nearly $500 Million U. S. tax money to pay for abortions. How many? A lot!
The United States closes out 2011 with a $15.22 Trillion Debt, reaches 100.3% of GDP!
EPA new rules will result in job losses and higher electricity costs, and lower tax revenue.
Bloomberg web site to track Federal Reserve Bank lending. It's interactive and compares the borrowers.
Bloomberg tells all about once-secret Federal Reserve Bank crisis lending.
The December 2011 payroll tax-cut extension agreement will set up a fierce fight in Congress. It's only for two months! Then what? Pay attention, folks!
Corporation are gearing up for a major U. S. tax reform battle. It's time for the Fair Tax Act (H.R.25 / S.13) to get us out of this mess!
The federal reserve bank made many "emergency" loans to rescue banks. Now the taxpayers owe.
Millions lost in Medicare due to "phantom" medical company fraud. Well, it's a government run program!
"Romneycare", the model for "Obamacare", faces a financial meltdown in Massachusetts. Didn't Mitt Romney say it was good for Massachusetts?
21 December 2011: The U. S. House offered to negotiate a "long term tax fix". Senate leader Harry Reid says "NO"! And the deadlock is where?
NDAC Comment: "Payroll Tax" funds the Social Security Trust Fund, from which Social Security Benefits are paid. There's more on this.
U. S. Senator Coburn has release a new report about wasteful government spending, 2011 edition. It's your money those legislators are spending.
Wenzel Polls determined that a large majority of U. S. voters want the government to live within its income. Washington should immediately stop spending more than it takes in.
On 16 December 2011, the U. S. House passed a $1 Trillion spending bill. Not one of the Representatives read it!
30 Major U.S. Corporations paid more to lobby Congress than they paid in income taxes for 2008 through 2010.
Europe's offshore business tax reform will affect the U. S.
If Abound Solar is so successful, why did it need tax money bail out? Their main customers seem to be outside the U. S.
Yet another bailout needed? This time it's Federal Housing Administration. But there is a big argument about this one. Your evaluation?
One Federal Reserve Bank Branch Chairman says that central banks are not the answer to our debt crisis. Coulda fooled us!?!?!?!
Senate reject extension of the payroll tax cut.
Here is some insight on how the Federal Reserve Bank operates.
A great video for the new year. It's a full length feature. Don't miss it.
More government spending run amok. Why are we spending our money on junk?
Stunning testimony given to the Congressional Joint Economic Committee charged with fixing our tax system.
Congress approves a continuing resolution, $245 Billion spending bill to keep government running. More DEBT! More taxes!
18 November 2011: House narrowly rejected H.J.Res 2, a balanced budget amendment.
While some in the U. S. Government seek to promote jobs, the USDA takes anti-jobs action. More jobs mean more federal tax revenue. So why do this?
The U. S. Treasury Department boosts the estimate of auto bailout losses to $23.6 Billion. It's your money!
President Obama, on Friday 18Nov11, signed a "stoptgap" government funding bill. More here.
NDAC comment: all news outlets should identify the bill when they report actions like this. So just what bill was it that he signed?
The U. S. Government Accounting Office published this audit report about the Federal Reserve Bank "emergency" loans. Read it for yourself. You and your offspring will pay for the loans listed here.
Talk about tax loopholes! Check this on out just for the rich and famous.
NDAC comment: Close the income tax loopholes: pass the Fair Tax Act!
Another $433 Million wasted on useless stuff. It's your money! Your kids will pay for it.
Congressmen are proposing balanced budget amendments with no spending limit!!!??? You gotta read the bills, H.J.1 and H.J.2.
NDAC comment: Every Congressperson has submitted a balanced budget amendment just so they can tell their constituents they did. What a bunch of Pelosi!
No one argues whether we need to reform the federal tax code. It's a horrible mess. But "Obamacare" may be in the way.
It's common knowledge that corporations are federal government tax collectors. It's basically impossible to tax a corporation.
Here is a discussion about how to force corporations to pay their fair share.
National Debt increased in October 2011 more than $203 Billion. Your share of the increase is $650.
What else will Congress think of to spend your money on?
NDAC comment: Congress has already promised more money and benefits to more people and organizations than we can ever pay!
Lawmakers to Propose Transaction Tax for Financial Firms Modeled on Europe! How is that working out for Europe? Not too well.
Large scale bond purchase expected. Watch the Federal Reserve Bank for action.
A little noticed event: The national debt of the United States exceeded, for the first time since World War II, the country’s gross domestic product.
Aired on 28 October 2011, here is a link to the C-SPAN Video "Clash of the Titans" debate about solving federal budget issues.
U. S. House of Representatives passed new tax cut legislation. White House signals support for the bill. Now it goes to the Senate.
Repeat: this video is one of the best you'll see about our nation's financial situation.
Some think that fundamental tax reform is now unstoppable.
U. S. Senator Bernie Sanders reports on the audit of the Federal Reserve by the Government Accountability Office.
Boehner won't rule out balanced budget amendment that permits unlimited government spending.
NDAC comment: such an amendment would be meaningless.
The Medicar Commission imposed, on Monday, a drastic pay cut for your doctor.
Just exactly where are the big Federal spending cuts?
It's not just the protestors waging war on wall street. There's a new player now.
US Loan Goes To Company Building Cars in Finland. It's your money, what are you going to do about it?
Fed Governor Charles Plosser warns A lot of inflation" expected, thanks to the huge amount of dollars the Federal Reserve has put into the banking system.
Federal Reserve Bank in more bailouts. Not new, just updated.
Senator Reid says government jobs must take priority over private-sector jobs. Then who is going to pay for those government jobs?
The Bar Chart was updated on 14 October 2011, The Treasury Department released the FY2011 "Actuals" (in the September issus of the Monthly Treasury Statement).
More parts of the Healthcare Act are being stopped by President Obama.
On 7 October 2011, the Congressional Budget Office submitted this report to Senator Reid, about the American Jobs Act of 2011 submitted by President Obama.
During a Congressional Hearing on 4 October, it was strongly suggested that Congress scrap the U. S. Annual Budget Process.
[They've already skipped the last two years completely.]
President Obama claims that his "jobs" program will grow our GDP by 2%, and will cost only 3%.
The Community Living Assistance Services and Supports program, CLASS, is a zombie program that cuts the deficit. It's an illusion!
The Governor of The Bank of England says that the entire system of global trade is at risk.
Stephen Lerner wants a new financial crisis now. What? The one we're in is not good enough? Do we need another one?
The U. S. Senate proposes a 5% surtax, (extra income tax) on salaries over $1Million. That won't even dent this year deficit, and it will NOT create jobs.
World economic woes are spreading and dollar exchange rates are being affected.
Did your State get a Federal bonus for spending more on welfare?
U. S. may be worse off than Greece, analysis of economic indicators indicates.
The candidates all have their own idea about tax reform. [NDAC supports the Fair Tax Act of 2011, H.R.25.]
Rick Perry says that Social Security is a Ponzi Scheme. What's being said about his claim?
The Government is under NO OBLIGATION to pay Social Security benefits.
Revenue solutions: one popular approach is to tax the rich.
Rich people and high income earners (two different groups) consume more than middle class people and low income earners. The Fair Tax is a consumption tax, and thus taxes both the high income earners and rich people more than it taxes middle class people and low income earners." Income taxation does not tax "richness".
Some Government officials think it's time to "clean the tax code". We have heard this before!
Some insights about how government treats capital gains taxation.
Here are some reviews of the jobs bills results.
Senate Approves $500 Billion Increase in Borrowing Authority, using unusual procedure.
[NDAC note: it's getting so now that if Congress does anything in accordance with the U. S. Constitution, that would be an "unusual procedure".]
More information about President Obama's jobs bill.
President Obama gave a "jobs plan" speech on 9 September, called on Congress to pass the bill, and called us Americans to contact our Congressmen to urge them along. WHAT BILL?
Business leaders/owners make it clear what the Jabs plan need to be. Here it is.
Here is one organization's comprehensive list of new tax hikes.
Who is your tax advisor? Would you like to let the IRS do it for you? It's coming! Do you trust some IRS agent to do your taxes?
U. S. falls to 5th place in global competitiveness. Maybe it's because U. S. has highest tax burden on corporations.
The nation's debt may be more than $200 Trillion, according to some economists.
Now, of course, we also have a pension crisis. More government spending will be proposed.
More information about illegal workers getting your money.
U.S. Debt Held by Public more than $10 Trillion. Just the "publicly held part! And the increase in last two years is 59%.
There are 12 members on the Tax Super Committee. None represent you! This is taxation without representation. It's illegal.
Your tax money being paid out to illegal workers!
The U. S. Government is suing banks for doing what they told them to do! Here's more.
New proposed regulations would cost billions annually. Just what we need. Is this the jobs bill?
President Obama has nominated Alan Krueger to be his new chief economist. He is a Princeton University expert on unemployment.
The non-partisan CBO says the 2011 deficit will be about $1.28 Trillion. Who is going to pay for that? It's your children and their children, higher taxes on everything!
Our esteemed government officials owe lots of back taxes! Enough to bail out GM!
Press Release: Compliance With Complex Tax Code Costs Taxpayers $431.1 Billion per year.
How about this for bailouts! Wall Street got BIG, secret, loans from the Fed.
This is not news, but from a new source. Social Security disability on verge of "insolvency."
Federal Reserve said economic growth was "considerably slower" than forecast, as it sells more bonds.
The deficit averaged $110 Billion per month so far in 2011.
The Government doesn't pay for those empty flights, taxpayers do.
Here is a very dramatic way to visualize the debt.
Here is the complete individual income tax data for Tax Year 2009, IRS report. It Includes changes in this complex tax law.
Obamacare got the medical insurance exchanges model from Romneycare of Massachusetts. Heritage Foundation explains why they oppose it. And it didn't cut costs in Massachusetts.
This video explains the debt burden best.
U. S. borrowing tops 100% of GDP. Like your family having borrowed (credit cards and all loans) more than you can ever earn.
4 Aug 2011: The new, increased debt limit is almost used up in just one day!
Now that the debt ceiling is raised, the government will be repaying old debt with new debt.
2 Aug 2011: The wonderful debt relief law just signed sets up many new taxes and more epic fights on the Hill.
Another great example of socialism.
2 Aug 2011: Debt limit bill signed into law, in secret. No usual ceremony, cameras, press. Added immediate $400 Billion increase.
What you always wanted to know about how your Social Security payroll deduction money is being spent.
Now you can make clear comparisons between the various claims about domestic spending. Here is one source of comparisons.
Our government leaders set up the "debt limit deal" so they can get more tax hikes.
What have we learned from the debt deal debate? Here are five key things to keep in mind.
The Washington Post calls it the lowest common denominator.
1 Aug 2011: A deal on the debt ceiling? It is NOT a solution. It will have as much unintended side effects as the healthcare bill. Our interest payments will soar! - NDAC Director.
Analysis of Senator Reid's Debt Ceiling Plan exposes massive middle-class tax hikes.
Here is the Fourteenth Amendment. Does it authorize the President to dictate a debt limit?
The President wants a "balanced approach". He said it several times. NDAC believes this would be a balanced budget.
One writer's solution to the budget crisis. Is there really a crisis?
The debt limit was last raised in 2006. How did the Senators vote then? TAke a look: Congressional Voting Record, H.J.Res47.
More debt ceiling information from Senator Harry Reid.
What about a balanced budget amendment? Are there some lessons from history?
President Obama said he is against a balanced budget amendment.
13 July 2011: U. S. Treasury Department reports "Coffers Full Enough to Cover Entitlement Programs, Veterans, Federal Salaries, Interest - Without Borrowing a Dime".
We need a bi-partisan solution. Or maybe a non-party solution.
12July2011: Regarding the National Debt limit, President Obama says he cannot promise Social Security Checks.
Correct! He has nothing to do with it. Social Security is NOT part of the federal budget, and does not use money from the National Debt.
What do you understand about this debt limit issue? President Obama says "Professional Politicians' Understand Debt Crisis Better Than 'The Public". NDAC doesn't accept this.
Congressmen Float Automatic Wage Deductions to Pay Down the Debt. HR2411, July 2011. Just another tax!
As of 7 July 2011, it has been 800 days since Congress passed a budget.
Do you have some ideas about the National Debt? Tell them to the government leaders. But know this, they will NOT listen.
According to President Obama's Economists: The 'Stimulus' has cost $278,000 per Job created, and stimulated the National Debt.
U.S. caught China buying more debt than disclosed.
Senator says "Republicans May Be 'Gone' if They Support Debt Ceiling Increase".
Reality Check: Higher Taxes Simply Won't Solve the "U.S. Revenue Problem". [NOTE: This item is a conservative viewpoint. NDAC is non-political, but POINT: the U. S. does NOT have a revenue problem. It has a spending problem. (aka: Debt)]
Why is the economy not hiring?
We must repeal the 16th Amendment.
Economic Study Shows EPA's government regulations, will kill jobs and increase energy costs.
Mortgage lenders are performing well. Result: you are still bailing out banks.
China says U.S. "playing with fire" on debt delay.
Lack of buyers may force Treasury to boost rates.
Who Owns ‘Big Oil'? Maybe not who you think. Who gets all that profit?
President Obama's budget proposal for FY2012 didn't even get one vote in the Senate. It was unanimously defeated.
The Federal Reserve Bank (NOT a government agency) gave several banks "Crisis Gains" on Secretive Loans.
Federal Reserve Bank of St. Louis President James Bullard says US Must Fix Deficit Before Crisis Strikes. Calls it a debt bomb.
Treasury Secretary Timothy Geithner discusses the debt crisis. Who is at blame? Is there a solution?
The new healthcare law is beginning to look like just a "scheme" to do political favors. Too many waivers being granted, and too obvious about political affiliations.
Debt limit gimmick: Geithner halting investments in two government pensions.
How much does it cost to figure out taxes? Way more than you think!
Why the Balanced Budget Amendment Must Be Stopped. Say what?! Well, check it out.
U.S. Treasury to Sell $72 Billion in Long-Term Debt [May 2011].
Explaining the Deficit versus the Debt. This video tells the story.
Wonder where the budget deficit came from? This article is well researched; and has some surprises.
The Interest On The National Debt Is Our Biggest Problem, Not Healthcare.
Just who is paying taxes, anyway? Not the "rich" or low income earners.
Representative Scott points out that Taxing Those At $100,000 And Up at 100% Will Not Get Us Out Of This Year's Deficit.
Understanding the debt and proposed deficit reductions. This is a different way to examine the huge numbers they're throwing at us.
Government shutdown avoided at the last minute. What happened?
Instant fraud in the new Healthcare Law! Paid Out $2 Billion to Corporations and Unions, and more.
Libya-Owned Bank Got 73 Loans From Fed Discount Window - After Lehman Fell.
When the U. S. Government loses $84 billion, it's a big success.
We've Become a Nation of Takers, Not Makers
Foreign Banks Tapped Fed’s Secret Lifeline Most at Crisis Peak.
As the U. S. budget impasse continues, our government agencies operate in limbo.
Office of Management and Budget miscalculate budget for 2012. Budget proposal off by $2 Trillion!
War on taxpayers moves to the courtsWill taxpayers lose?
The U. S. Debt jumped $72 Billion on 15 March 2011. That same day, Congress voted to cut the spending by $6 Billion. How does that help?
Government delays on oil pipeline cost jobs, billions, increase prices.
More exposed details on the FY2010 spending; a special report.
Evaluating the proposed spending cuts: $61 Billion. What will be the impact?
Huge U. S. Government overpayment hidden until now. Will we get a refund? Yeah, right!
Government duplication wastes billions of dollars. Reuters about the GAO Report. Get the report.
Koch Industries speaks out about their "activism" on the National Debt.
Congress ... legislation within two years to dismantle Fannie and Freddie.
Billion of dollars of bloat found in government program overlaps.
China is the largest holder of our National Debt, and more than previously reported.
The Obama budget for FY2012: What's NOT in it for you.
Do you question or debate Flat Tax versus Fair Tax? They are totally different. Check this.
President Obama submitted his budget proposal for FY2012, $3.7 Trillion, says it has over $1 Trillion in cuts, where are they?
Congressional hearing on Federal Reserve "off-balance sheet" spending investigations by the Inspector General.
Testimony given to the House Ways and Means Committee, 20 January 2011.
More COSTLY CONSEQUENCES OF HEALTH CARE 'REFORM'.
Announced late last year, but now updated: Social Security goes bankrupt.
Where did the stimulus money go? What did it get us? Your kids will pay for it anyway.
IRS Reports that share of Fed Income Swallowed by Deficit-Coverage Borrowing Jumps 566% in 3 Years.
What do you think Congress should cut? This article has a good list.
Another list of new taxes and increases in Obamacare.
New law creates big tax headache for rental property owners.
Legistorm helps you track government transparency; such things as Legislative Salaries, CZAR spending, travel expenses, and more.
It is now 2011, many aspects of the Healthcare Reform Act have started. When you read this, think about who will pay for it.
About Bailouts and Public Pensions, what affect do they have on our economy?
A nice explanation of how "economy" works. What about the U. S. Economy?
The proposed reduction in payroll tax has some Social Security program advocates worried.
Congressman Ron Paul will head the new Domestic Monetary Policy Subcommittee of the House Committee on Financial Services when the 112th Congress begins in January. Look out, FED.
Taxing the "rich" for federal revenue may not be working too well. Maybe there's a limit.
Scathing FED report shows rampant problems we need to know about.
One of our biggest cost burdens is energy, fuel to deliver products you buy. And government wants to tax it even more.
Senate Bill S. 3827; is it a DREAM or a Nightmare?
Top Ten Budget Time Bombs.
America has been funded by capitalism. So what's going to happen now? Give it some thought.
President Obama's debt/deficit commission says it will hurt. Check the reactions. But will it fix the problem, or is it a trick?
Steve Wynn, a true businessman, has comments regarding the new taxes and state of the economy.
More changes in healthcare come from the big bailout! This covers it well.
New Healthcare Law reading. Have you read it? It is NOT what you think. Selective readings.
Social Security outlook update (22 October 2010): In 15 of Last 25 Months, Treasury Needed to Borrow Money to Pay Social Security Benefits.
Here's a new tax our leaders are discussing. Financial Transaction Tax.
Another new tax: this one is a "Global Tax" proposed by the U. N. It is endorsed by the U. S. Leadership.
2010 Sets Record For cost of government. It's not getting cheaper! Or more efficient. Or more effective at doing its real job.
It's now official; the Social Security Administration reports that more is going out than coming in. Here is the Administration Report.
The finance reform act will be signed into law shortly. 2300 pages. What new taxes hidden in this one?
Alert: the International Debt flag has been raised. Meanwhile, The Debt Commission report was briefed at the Governor's Conference on 12 July.
The IRS reports that it cannot handle the cost of processing and enforcing the new Healthcare Law. Link: NTA Report, see page 39.
U.S. marks third-largest, single-day debt increase ever.
Sources of more tax revenue, is a common activity of government. Here is part of how that works.
Unemployment Pay: Labor Department Estimates $7 Billion Overpayments.
More on the cost of the Healthcare Law: from the Congressional Budget Office.
The new Healthcare Law exempts Congress and The President, and their staffs, from compliance.
Are Overdue Reports Concealing Obamacare Impact On Medicare?
New tax reporting rules leave IRS to mop up Congress's mess.
It's so bad that the IRS is requesting public input on the Expanded Information Reporting Requirement.
There are quite a few new taxes that will go into affect on 1 January 2011. This compilation and report provided for advance planning.
Congress wants to know where would you cut the budget to save money. Here is the link.