“Between 2007 and 2010, median consumer net worth declined by 39%, with, unfortunately, low income households facing the greatest percentage decline.2 This fragment of economic history is a powerful reminder that government intervention can have unintended consequences, often of unforeseen magnitude.”
Post Tagged with: "debt"
17 Reasons the $17 Trillion Debt Is Still a Big Deal
In 2004 Obama said the “monstrous” deficits were “an enormous problem” when the deficit was $413 billion. In 2008 he said increasing the debt would burden our children and was unpatriotic. Heritage Foundation gives 17 reasons he was right then and it’s so much worse now.
The Ferengi Are Running Washington
Our “D-Day” will be the 2014 mid-term elections. If after the elections, the Ferengi have increased their numbers in Washington, we are lost – but if the number of Ferengi has decreased, we have started Lincoln’s constitutional process of amending our existing despotic government:
Obamacare’s Destruction of Seniors’ Healthcare
Medicare trustees have been warning of this financing disaster for many years, President Obama’s massive health care law makes the matter much worse, not better.
Abolish the IRS — and the Income Tax with It
Once government undertakes to tax income, it acquires even more power through its authority to define “income,” “taxable income,” subsidiary terms, and the rules of exemption. There is no escape from arbitrariness and caprice.
Student Loan Delinquency Rate Hits Record High
11 percent of all student loans are at least 90 days delinquent. Almost double the rate of a decade ago.
“Terminal State of Broken”
Years of misbehavior, favoritism and outright criminal acts produced a view of government officials that ranks below that of used-car salesmen. No other group or institution is held in lower esteem.
Gang of Eight Betrays (Legal) Americans
Gang of Eight’s claim to promote “immigrant integration” is a ruse to give taxpayers’ money to leftwing and Islamist activist groups such as CASA, La Raza, MALDEF, and CAIR.
11 Reasons Why The Federal Reserve Should Be Abolished
It is a system that was designed by international bankers for the benefit of international bankers, and it is systematically impoverishing the American people.
Amnesty Bill to Cost TRILLION$!
Gang of Eight’s immigration bill would cost U.S. taxpayers $6.3 trillion according to a study by Heritage Foundation.