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The Government Accountability Office (GAO) announced just days ago that the Department of Energy Loan Guarantee Program will leave taxpayers with costs of $2.2 billion, including $807 million for loans that have defaulted. Designed to encourage investment within green energy projects, five companies have already defaulted on their loans. Investigators(…)
Official figures released today by the U.S. Commerce Department show that the economy grew by a mere 0.2% during the first quarter of 2015. Additionally, this minimal rise was only achieved through increased personal consumption and private investment. US chief economist at Capital Economics, Paul Ashworth, described our economy’s performance(…)
Recent Department of Labor reports show that energy prices are rising six times as fast as employee’s hourly wages. Wages have increased an average of 2.2% in the last year, but, as of March, energy costs are rising at an annualized rate of 13.2%. If you see the problem with(…)
According to the Government Accountability Office (GAO), the U.S. government has fully addressed just 37% of recommendations that could be used to save money. While $20 billion has been saved in the last 5 years, “there’s plenty of money still left on the table,” said the GAO’s controller. If you(…)
For the third consecutive month, the official U.S. inflation rate rose 0.2%. This translates into 0.6% inflation since the beginning of 2015, without even accounting for cost increases in food and fuel. If you feel like you’re losing much more than 0.2% of your spending power each month, please Like(…)
If Congress reauthorizes Export-Import Bank funding, it would make U.S. taxpayers liable for $2 billion in an international version of corporate welfare. If you don’t want your tax dollars to be used to assist foreign companies, please Like & Share this post to let Congress know how you feel.
The U.S. Treasury Department has reported that the government has spent $1.86 trillion so far in fiscal year 2015. This is a 7% year-to-date increase. Additionally, the annual budget deficit is 6% higher today than it was on the same date in 2014. If you think government spending needs to(…)
The U.S. federal government could save $12 billion of taxpayer funds over the next 5 years by eliminating certain farming subsidies whose only purpose is to inflate prices for American consumers. If you’re tired with the government spending your money in an effort to overcharge you down the road, please(…)
The Congressional Budget Office (CFO) has found that the highly controversial Export-Import Bank recorded a $2 billion taxpayer loss last year… even though it was originally expected to post a $14 billion profit. If you’re fed up with wasteful government spending and failing government programs, please Like & Share this(…)
Economists Andrew Levin of the International Monetary Fund and David Branchflower of Dartmouth College have found that up to 3.3 million capable U.S. citizens are purposely being left out of the U.S. Department of Labor’s unemployment calculations, and that the current unemployment rate in the United States could be as(…)
U.S. Department of Labor Unveils New IRA Transfer Rule
Proposed rules on IRA advisors and research uncovers a dark side to retirement advice The U.S. Department of Labor has unveiled a new rule for brokers...
The 4 Most Shocking Retirement Scams to Avoid in 2016
Avoiding retirement fraud means understanding your options in retirement accounts and what to look for in scams It’s no surprise that retirement fraud...
How to Convert IRA to Physical Gold
Guest blog post Withdrawing your IRA before you reach age 59-1/2 requires you to pay a 10% penalty. Luckily, there are penalty-free ways to move money...
The Definitive Guide to Keogh Plans
Keogh Plans are not as popular as they once were but can still offer a powerful tax savings for a select few. Back in 1962, retirement savings options...
New IRA Transfer Rules for 2015
The IRS will adopt a new policy regarding the maximum number of tax-free IRA rollovers that may be completed in each 365-day period as of January 1, 2...
