No Recession Here! – U.S. Arms Sales Set Global Record. New Record of $66.3 billion. The U.S. War Machine Rolls On.

by dailybail

New record of $66.3 billion.  The U.S. war machine rolls on.

On a global basis, U.S. companies are responsible for 80% of all arms sales.

Fear is good business, especially for international arms dealers.  According to a recent Congressional Research Service report, within the last year the U.S. has tripled weapons sales to $66.3 billion, more than half of which went to allied Gulf states.

Spending jumped 32% in 4 years

Welfare spending has grown substantially over the past four years, reaching $746 billion in 2011 — or more than Social Security, basic defense spending or any other single chunk of the federal government — according to a new memo by the Congressional Research Service.

The steady rise in welfare spending, which covers more than 80 programs primarily designed to help low-income Americans, got a big boost from the 2009 stimulus and has grown, albeit [...]

No Recession Here! – U.S. Arms Sales Set Global Record

New record of $66.3 billion. The U.S. war machine rolls on.

On a global basis, U.S. companies are responsible for 80% of all arms sales.

The world may be terrified of a potential war with Iran, but for arms producers – tensions fear is good business.  So it is for the Unites States.  According to a recent Congressional Research Service report, within just one year the US has tripled its arms sales to $66 billion and half [...]

US arms sales spike to record levels, Gulf leading buyer

The world may be terrified of a potential war with Iran, but for arms producers – tensions fear is good business. So it is for the Unites States. According to a recent Congressional Research Service report, within just one year the US has tripled its arms sales and half of what US sold last year went to Gulf states.

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http://www.youtube.com/watch?v=IW4CvAorvf0

It costs $179,750 per hour to operate Air Force One, the President’s official aircraft, according to the latest cost data from the Air Force.

By Bart Jansen – USA Today

The next time airfare seems too expensive, consider the cost of Air Force One.

The plane that is used to carry the president, which is typically a Boeing 747, costs the Air Force $179,750 per hour to operate, according to a new Congressional Research Service report. Military planes are used for security and because of special equipment on board.

Costs for each trip are even higher when [...]

FEDERAL TAX BREAKS FOR SPECIAL INTERESTS EXCEED $1 TRILLION

Bloomberg

The value of U.S. tax breaks exceeds $1 trillion, which may give both parties potential areas to cut costs and alleviate the cost of changing the tax code, the Wall Street Journal reported, citing a study.

The Congressional Research Service report found the biggest tax break is likely to be valued at $164 billion annually in 2014 and is on employer-provided health insurance, while employer-provided pensions are the second-biggest exclusion at about [...]

77,000 federal employees paid more than governors

** FILE ** A congressional study revealed that 7,283 federal employees in Maryland made more than Gov. Martin O’Malley’s $150,000 salary in 2009. (Associated Press)

 

More than 77,000 federal government employees throughout the country — including computer operators, more than 5,000 air traffic controllers, 22 librarians and one interior designer — earned more than the governors of the states in which they work.

The findings, from a Congressional Research [...]

Report Strngthens Demorats’ Argument to Eliminate Oil Tax Breaks

May 11, 2011, 4:25 PM
Report Strengthens Democrats’ Argument to Eliminate Oil Tax Breaks
By CARL HULSE
Senate Democrats have a new weapon in their escalating oil and gasoline war with Republicans, though some party members are none too happy with their leadership’s offensive against the major oil companies.

Trying to counter Republican claims that ending some tax breaks for the five largest oil companies would ultimately hurt consumers, Democrats are now armed with [...]

USA ‘Faces Broad Terror Threat’

Osama bin Laden’s death, which weakens al-Qaeda by eliminating the leader who recruited members with grainy video messages, won’t end the terror threat as followers morph into smaller groups inspired by him.

“The world’s most wanted international terrorist is no more, but the death of bin Laden does not represent the demise of al-Qaeda affiliates and those inspired by al-Qaeda, who have and will continue to engage in terrorist attacks,” Ronald [...]

Where is the budget?

http://thehill.com/blogs/on-the-money/budget/92237-house-has-passed-budget-resolution-every-year-since-budget-act-according-to-study

Skipping a budget resolution this year, a move House Democrats are considering, would be unprecedented.

The House has never failed to pass an annual budget resolution since the current budget rules were put into place in 1974, according to a Congressional Research Service report. The budget resolution is a non-binding document whose main purposes are to set discretionary spending caps for the coming fiscal year, lay out the framework of the [...]

Budget? We don’t need no stinkin budget..

Congress is poised to miss its April 15 deadline for finishing next year’s budget without even considering a draft in either chamber.

Unlike citizens’ tax-filing deadline, Congress’s mid-April benchmark is nonbinding. And members seem to be in no rush to get the process going.

Indeed, some Democratic insiders suspect that leaders will skip the budget process altogether this year — a way to avoid the political unpleasantness of voting on spending, deficits [...]