(CNSNews.com) – While overall unemployment remained largely unchanged in April at 7.5 percent, the rate for government workers continued to improve, dropping to 3.3 percent. The unemployment rate for civilian government workers dropped to 3.3 percent in April from 3.6 percent in March, according to the Bureau of Labor Statistics. The rate has dropped a […]
It’s been a rough week for Obamacare. First came President Obama’s laughable defense of the health-care law, then news spread about an outcry from local leaders in Minnesota worried about the soaring costs of the “Affordable” Care Act. The New England Journal of Medicine released a study Wednesday undermining the left’s central argument for expanding Medicaid. [youtube […]
Newscom Starting July 1, interest rates on federal student loans are set to rise from 3.4 percent to 6.8 percent. As Congress again considers preventing the interest rate on federal student loans from doubling, the cost to taxpayers should be a central issue. However, in a recent Issue Brief, Heritage analyst Jason Richwine points out […]
By Peter Paton Everyday we are seeing more and more examples of Downsizing of products and goods by Companies in a pernicious rip off and fraud on the Public. In the shopping malls we are seeing basic stable foods, drinks and products like Bread, Milk, Chocolates, Cheese, Yoghurts etc being streamlined and reduced in quantity […]
The next Great Depression is already happening – it just hasn’t reached the United States yet. Things in Europe just continue to get worse and worse, and yet most people in the United States still don’t get it. All the time people ask when the “economic collapse” is going to happen. Well, for ages there […]
By: Jeff Cox Two months from now, revised government estimates are likely to show that the economy is even bigger than the currently stated $15 trillion. And while the numbers may make some blink or gasp, the mere size of gross domestic product won’t hide the reality that in terms of actual growth, this is also the worst […]
By Peter Morici The Commerce Department reported Monday that the growth of consumer spending slowed in March, further indicating the United States may be swept into Europe’s recession and the ranks of the U.S. unemployed are swelling. Tax increases are tightening purse strings. In March, consumer spending advanced a tepid 0.2 percent—much weaker than the […]
Who would have ever thought that the best thing about being President would be the non-stop golfing and vacations? Sure, you may be too broke to go on vacation because of Obama’s bad decisions, but that isn’t stopping him from vacationing on your dime. A nonpartisan group called the Government Accountability Institute (GAI) just did […]
Scott J. Ferrell/Congressional Quarterly/Newscom As we work to rein in wasteful spending and improve retirement security, our nation cannot afford to overlook Medicaid’s long-term care financing crisis. We’re completely unprepared for the coming “age wave.” More than 15 million Americans will be 85 years or older in 2040. While seven in 10 seniors will need […]
Newscom After dreadfully low growth in the last quarter of 2012—just 0.4 percent—gross domestic product (GDP) returned to a healthier rate of growth of 2.5 percent in the first three months of 2013. The autumn’s drop in private inventories was reversed as companies stockpiled more goods in anticipation of future consumer spending. The 2.5 percent […]
