H/t reader kevin a.
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Did you know that the federal government is going to spend more than 4 trillion dollars this year? To put that into perspective, U.S. GDP for the entire year of 2017 is going to be somewhere between 18 and 19 trillion dollars. So when you are talking about 4 trillion dollars you are talking about a huge chunk of our economy. But of course the federal government doesn’t bring in 4 trillion dollars a year. At the beginning of Barack Obama’s first term, we were 10.6 trillion dollars in debt, and now we are nearly 20 trillion dollars in debt. That means that we have been adding more than a trillion dollars a year to the national debt. When you break that down, that means that we have essentially been stealing more than a hundred million dollars from future generations of Americans every single hour of every single day to pay for our debt-fueled lifestyle. Even Federal Reserve Chair Janet Yellen is warning that this is not sustainable, and yet we just keep on doing it.
(ANTIWAR.COM) A new report from the Washington Post today quoted a series of Obama Administration officials reiterating their official narrative on Russia’s accused hacking of the 2016 election. While most of the article is simply rehashes and calls for sanctions, they also revealed a secret order by President Obama in the course of “retaliation” for the alleged hacking.
This previously secret order involved having US intelligence design and implant a series of cyberweapons into Russia’s infrastructure systems, with officials saying they are meant to be activated remotely to hit the most important networks in Russia and are designed to “cause them pain and discomfort.”
As more Democrats have started to question why former Attorney General Loretta Lynch was never investigated for obstruction following a suspicious meeting with former President Bill Clinton, it appears the Senate Judiciary Committee has finally decided to act.
The Washington Times reported Friday that the committee has launched a formal investigation into Lynch’s attempts to shape the FBI’s probe into Hillary Clinton, and whether she mishandled classified information on her private email server.
According to the Times, the investigation has bipartisan support.
Months after leaving the White House, the final tab for former President Obama’s eight years of family travel to resorts, beaches, and international cities has come in. The bill is reported at $99,714,527.82.
Judicial Watch, the taxpayer watchdog group said that it just received some of the last responses to Obama-era Freedom of Information Act requests for trip costs from the U.S. Air Force and U.S. Secret Service.
Here’s what they show, according to The Washington Examiner:
— The March 2014 trip to Key Largo during Spring Break – where the first family stayed at the exclusive Ocean Reef Club – cost the Secret Service $247,827.50; $182,120.33 for hotels and $65,707.17 in travel expenses. The total cost of that trip with previously released $885,683 in flight costs from the Air Force is $1,133,510.50.