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  • Yearly Archives: 2014

    From Good Friday to a Celebratory Weekend

    Photo: Newscom

    As we head into a sacred weekend for many Americans, The Foundry would like to share these inspiring words with you. Have a wonderful celebration. Excerpts from President Ronald Reagan’s Radio Address to the Nation on the Observance of Easter and Passover, April 2, 1983 My fellow Americans: This week … More

    Are Americans Tired of the Obamacare Debate? Obama Says Yes

    Photo: UPI/Martin H. Simon/Newscom

    The American public wants lawmakers to move on from the political debate over the effectiveness of the Affordable Care Act, President Obama stressed today in a press conference. “We’ve been having a political fight about this for 5 years—we need to move on to something else,” he said, chastising Republican … More

    Disputed Call: Obama Tries to Shrug Off House Leader's Public Rebuke

    House Majority Leader Eric Cantor (Credit: Chas Geer)

    President Obama today sought to make light of a stinging public rebuke from House Majority Leader Eric Cantor, who took the president to task for disparaging GOP lawmakers while seeking to make a deal on immigration reform. Obama, the No. 2 House leader said yesterday after a phone conversation with the … More

    CBO Report Shows President’s Budget Relies on Rosy Economic Assumptions

    Photo credit: AFP PHOTO / Saul LOEB

    According to the non-partisan Congressional Budget Office (CBO), total deficits under President Obama’s 2015 budget proposal would be $1.7 trillion higher than the administration’s previous estimates. This is no small difference; it is equivalent to one and a half sequesters. So, how is it that CBO and the administration can … More

    Department of Energy: Working Hard to Give Away Your Money

    Department of Energy

    This week the Department of Energy announced that it will make as much as $4 billion in loan guarantees available for renewable and energy efficiency projects that reduce, avoid, or sequester greenhouse gas emissions. The federal government needs to stop playing banker in an attempt to build the energy economy … More

    Why Rumsfeld Sends a Letter to IRS Every Year

    Rumsfield

    That I & most Americans have no idea whether our taxes are accurate tells us something. My annual letter to the #IRS: pic.twitter.com/BFh0AXTvAk — Donald Rumsfeld (@RumsfeldOffice) April 15, 2014   Every year, Donald Rumsfeld asks the IRS to simplify the tax code. Rumsfeld, former Secretary of Defense, sends a … More

    EXCLUSIVE: This Congressman Calls Export-Import Bank 'The Face of Cronyism'

    What’s wrong with helping people in other countries buy American? Well, a lot if you’re loaning them U.S. taxpayer money to do it. As Congress gets ready to debate keeping the Export-Import Bank, Rep. Jeb Hensarling (R-Texas) tells The Foundry why he believes the Ex-Im Bank is “the face of … More

    Want Your Own Haunted Island? How About a Former Monastery?

    Photo: Getty Images

    An island in the Venice lagoon is part of several properties and assets that the Italian government is selling to slash its public debt and comply with European Union guidelines, according to Reuters. Italy is selling the island of Poveglia, which has been inhabited for years and is called “the … More

    It’s Not the Value of the Chinese Currency: The Proof in Charts

    While the U.S. Treasury did not label China as a currency manipulator this week, it did criticize the Chinese authorities for recently intervening in the foreign exchange market. However, the yuan–dollar exchange value has no effect on the U.S.–Chinese bilateral trade balance. This is because a lot has changed in … More

    We Give Foreigners Taxpayer Money to Import Stuff from America. What?

    Photo: Xinhua/Sipa USA/Newscom

    Is there anything the U.S. government doesn’t take taxpayer dollars to do? Here’s a lesser-known function of your hard-earned money: providing backing for people in other countries to buy things from America. Come again? Yes, that’s right. Let’s say Air China wants to purchase some Boeing jets. To encourage that … More