For many Americans, homeownership is the epitome of living the American dream. Yet, in towns with high tumbling home prices and double-digit vacancy rates, median-priced homes now cost the equivalent of new American cars – except, as investments go, they’re slightly more risky. Call it the dark side of the American dream – but […]
Taxmageddon is approaching closer by the day. Much of the focus has been on the impact Taxmageddon will have on the economy. But just how will this massive tax hike impact America’s most fundamental unit of society? Families will see their taxes go up by more than $4,100—just in 2013—because of Taxmageddon. How will families […]
Last Thursday, the Obama Administration quietly issued new bureaucratic rules that overturned the popular welfare reform law of 1996. This was an illegal move, and it completely undoes years of progress that helped millions of Americans. What Welfare Reform Accomplished The 1996 reform replaced the old Aid to Families with Dependent Children (AFDC) program with […]
House Armed Services Committee member Randy Forbes (R–VA) continues to educate the general public about the potentially dangerous defense cuts mandated by sequestration under the Budget Control Act. Following up on events in Virginia, California, and Florida, Forbes held a Defending Our Defenders meeting in Great Falls, Montana, on July 16. Additional events are planned […]
The U.S. government has stolen $15,876,457,645,132.66 from future generations of Americans, and we continue to add well over a hundred million dollars to that total every single day day. The 15 trillion dollar binge that we have been on over the past 30 years has fueled the greatest standard of living the world has ever […]
Nationwide, the housing market appears is back on track, so says the Wall Street Journal. It reports nearly seven years after the start of the housing bust, most indexes of housing prices are now going up. Experts say a reduced amount of unsold homes is the key to the turn around. More good news for […]
While three cities in California have filed for bankruptcy in the past few weeks, more filings are expected, according to CNNMoney. San Bernadino became the latest city in the state to file for bankruptcy protection, following Stockton and Mammoth Lakes. Many cities around the country, not just in the State of California, are struggling to […]
For all our policy differences, there are a few economic ideas that liberals and conservatives can usually agree on. For example, we all tend to believe that lower prices are good. Everyone loves a sale, whether it’s on iPods or red delicious apples. So Washington Post columnist Fareed Zakaria is on the right track in […]
Last year, U.S. Secretary of Education Arne Duncan stated that America’s public school teachers are “desperately underpaid” and called for a doubling of teachers’ wages. A similar theme is touted frequently by politicians, media, and education unions. But teacher compensation is much more than salary. The plush benefits given to public school employees are a […]
On June 28, during a press briefing by the Chinese Ministry of Defense, Chinese military press spokesman Senior Colonel Geng Yansheng released a bombshell. Asked by an unnamed correspondent about China’s response to Vietnamese air force patrols near the Spratly Islands, Geng made the usual declaration about China’s claims to indisputable sovereignty over the Spratlys […]
