A higher percentage of Americans are working low income jobs than ever before, and the cost of living continues to rise at a very brisk pace. This is causing an erosion of the middle class unlike anything we have ever seen in American history.
Archive for Category: "Economy"
May 3, 2012 08:51
Obama’s Tire Tariffs Cost Consumers $1 Billion and $900k Per Job in 2011
“Studies repeatedly show that the consumer cost of trade protection typically exceeds, by a wide margin, any reasonable estimate of what a normal jobs program might cost.”
May 3, 2012 08:26
Oil shock, Euro crash, U.S. fiscal cliff paint dark future says Dr. Doom
Nouriel Roubini who is famous for predicting the financial collapse which earned him the nickname “Dr. Doom” cited a Middle East conflagration oil crisis, “austerity fatigue” and “bailout fatigue” in Europe, and the “fiscal cliff” faced by the U.S. in a doom and gloom scenario.
May 3, 2012 04:46
Military Winning War Over Pensions – Trillions in undisclosed debt
If this number were resolved according to the MRF deal, the Treasury would need to issue $700B more warrants annually for the next fourteen years (not remotely possible). Total debt would race ahead faster then its current nosebleed trajectory. The USA would pass 150% Debt to GDP before 2020.
May 2, 2012 15:12
Maligned Fossil Fuels, Engine of Economy
The main impediment to our energy independence is the federal government’s policies of green energy, wind, solar, renewables, and out-of-control regulatory agencies such as the EPA and federal bureaucracies like the Department of Energy.
May 2, 2012 10:41
Jobs report shows economy moving backwards as Obama campaigns “Forward”
Adopting the Marxist slogan “Forward” demonstrates how the Obama campaign wants you to forget his past, forget his record, forget the disastrous results of Obamanomics and blindly “hope” things will “change” in spite of the worst president in U.S. history. What’s up with the Obama economy? Job growth down, home prices down, GDP down, but hey the debt is at an astronomically record high. Can we afford four more years of this economic suicide?
May 2, 2012 10:05
Obama tells lie as big as a pipeline to union supporters
Keystone XL is the most shovel-ready project in history. For Obama to tell the AFL-CIO Building and Trades Department that he is for job creation while blocking it is one of the greatest lies ever told. – IBD Editorials
May 2, 2012 07:37
Social Security shortfall 50% higher than reported
The program’s total unfunded obligations — $20.5 trillion according to the report — grow at an interest rate that is larger, on average, than the productivity-plus-population-growth formula that determines growth of the payroll tax base. Calculations based on micro-data sources of demographics and economic behavior suggest that the program’s long-term financial shortfall is about 50 percent larger than the trustees are letting on.
May 1, 2012 09:36
Coburn: Defusing Our Nation’s Debt Bomb Before It’s Too Late
Senator Coburn about the seriousness of our debt and the Greece-like consequences that we can expect to see if serious changes in Washington are not made. FOX & Friends’ Steve Doocey talks to Senator Coburn about his new book “The Debt Bomb.”
May 1, 2012 08:40
How Big Government Is Killing California
These are the fruits of modern-day progressive policies. This should be the cause of much sadness.
