Not only is Social Security in the worst shape it has ever been in, a recent Congressional Budget Office (CBO) report reveals the problem has grown significantly worse under the Obama administration.
Everyone knows government sucks, but it will at least suck a little less with these cuts to the vacuum-based erection program. It’s just too bad they’re blowing all the savings on a new spending splurge.
Economics · Featured · Government
It’s June, a month famed for marriages, but it is likely to be remembered for the high rate of teen unemployment which has been soaring for a long time. By February, the national unemployment rate for youth, age 16 to 19, had reached 20.7%. By November 2013 it was three times higher than the national average of 6.6% according to the Bureau of Labor Statistics.
Economics · Featured · Government · Politics
In 2013 the price of gold bullion lost 28 percent and closed near its low for the year. It was the first annual decline since 2000 and the worst since 1981. Gold ETFs experienced record redemptions, shrinking the funds 33 percent by year end, but they were the exception. Marcus Grubb, Managing Director of the World Gold Council, reported, “2013 has been a strong year for gold demand across sectors and geographies, with the exception of western ETF markets.” While investors were leaving ETFs, demand for gold jewelry, bars and coins was increasing, as were purchases by central banks. Globally, consumer demand increased 17 percent for gold jewelry and 28 percent for bars and coins.
Economics · Government · Politics
Minimum wage has become a contentious political issue, even though it has nothing to do with a living wage. Workers are paid for the worth of the job they are paid to do. Nevertheless, Democrats plan to tap into what they perceive as income inequality by using minimum wage as a plank in their populist economic platform heading into the November elections.
Economics · Featured · Health Care · Politics
Obama’s implied tax and subsidy penalties for success are so high that it won’t be worth a lower-income person’s effort to try to climb up the income ladder.
Economics · Featured · Health Care · Politics
Heartland Senior Fellow Benjamin Domenech was a guest Wednesday night on “All In with Chris Hayes” on MSNBC. Ben is rare among people who go on TV to talk: He actually endeavors to answer the questions he’s asked.
President Obama paints pretty pictures with flowery pro-growth and populist rhetoric. But the results are consistently the opposite of his promises.
Budgets/Taxes · Economics · Featured · FIRE
The full bill for Obama’s failed economic policies has yet to arrive. But no such explosion of debt has ever escaped a day of reckoning, and no such monetary surge has ever had a happy ending.
Budgets/Taxes · Economics · Featured · Politics
So-called Progressives like to talk in code words, because they know if they told the American people what they were really thinking, they would never get elected.
Budgets/Taxes · Economics · Featured · Health Care · Politics
Earlier this month, President Obama tried to change the subject from Obamacare by pitching some rhetoric on “equality” to rally his Far Left base. Not much thoughtful or helpful is[…]
Budgets/Taxes · Featured · Politics
This is a true Tea Party agenda that should be the Republican agenda, and the true American Kennedy Democrat agenda.
Economics · Featured · Health Care · Politics
As HSAs and similar plans have soared in the private market, health spending growth has plummeted. That is the result of market competition and incentives.
The competing budgets released last week by House Budget Committee Chairman Paul Ryan (R-WI) and Senate Budget Committee Chairwoman Patty Murray (D-WA) definitively define the growing differences between the two[…]
President Obama told America the morning of February 19 that if the sequester goes through on March 1: “It will eviscerate job-creating investments in education and energy and medical research….[…]
Our Benjamin Domenech is a regular guest on Glenn Beck’s wildly successful television network, TheBlaze TV. The other day, Ben was on “Real News” where Amy Holmes interviewed him about[…]
Average planetary temperatures haven’t budged in 16 years. Hurricanes and strong tornadoes are at or near their lowest ebb in decades. Global sea ice is back to normal, Arctic ice[…]
The latest report from the Congressional Budget Office highlights a number of reasons why the CBO is concerned about the implementation of Obamacare. It boils down to this: Obamacare is[…]
Budgets/Taxes · Economics · Politics · Taxes
President Obama tells the nation that Congress must increase the debt limit because they “should pay the bills that they have already racked up.” Let me translate that into household[…]
Budgets/Taxes · Economics · Politics
Neither President Obama nor any other Democrat ever proposed any middle class tax cut in the fiscal cliff negotiations. All that was ever discussed is continuation of the same middle[…]
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