Despite a strong pledge to take concrete steps to rid the world of nuclear weapons, President Obama has a new plan to invest over $10 billion into refurbishing B61 nuclear weapons. The plan involves adding tail fins to the existing bombs, effectively turning them into much more usable bombs. Tail fins allow the bombs to be dropped from shorter distances on more targeted areas. The Resident (aka Lori Harfenist) investigates why Obama is now investing heavily in nuclear weapons.
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The US Government Accountability Office recently delivered their report titled, "2013 Annual Report: Actions Needed to Reduce Fragmentation, Overlap, and Duplication and Achieve Other Financial Benefits." The report's findings indicate the US spent $95 million on duplicative, fragmented, or overlapping programs in 2012 alone. The Resident (aka Lori Harfenist) investigates the story.
The social media website YouTube has announced that it now has more than a billion users watching clips every month. Launched in 2005, it has been transformed into one of the most popular sites online. Its owner, Google, said it is trying to combine the best of television and the Internet. Al Jazeera's Dominic Kane reports.
At CPAC, Luke Rudkowski interviewed Congressman Timothy Huelscamp on his decision to vote against the NDAA which was due to the unconstitutionality of the indefinite detention provision. They also discussed Obama's Disposition Matrix and the large ammunition purchases made by the DHS.
Sen. Elizabeth Warren (D-Mass.) grilled Federal Reserve Chairman Ben Bernanke about the risks of having banks that are too big to fail on Tuesday. According to a recent Bloomberg study, some of the biggest banks are receiving $83 billion in subsidies each year. Bernanke appeared before the Senate Banking Committee and was forced to answer whether or not these financial institutions should be forced to reimburse taxpayers for the bailouts. Anthony Randazzo, director of economic research with the Reason Foundation, breaks down the numbers.