On February 11, the U.S. Department of Commerce will release our country’s 2010 trade statistics. The following three principles will help in understanding what the numbers mean: Unlike the U.S. budget deficit, the size of the trade deficit does not matter. The trade deficit results from people in other countries spending more dollars investing in […]
This is only President Barack Obama’s second State of the Union, but his failed economic agenda has already forced him into early reruns. After more than $800 billion in Keynesian economic stimulus spending, our nation is still mired in a post World War II record 20th consecutive month of near double digit unemployment. Our national […]
President Obama’s comments on Wednesday in a joint press conference with Chinese President Hu Jintao, misinformed the public about potential changes in foreign exchange rates and their effects on U.S. citizens. Obama on Wednesday said that he would like to see the Chinese yuan appreciate faster in value. While Hu indicated that China is committed […]
The following are 22 facts about California that make you wonder why anyone would still want to live in that hellhole of a state…. #1 The California state government is facing a potential state budget deficit of 19 billion dollars this year, and California debt is rapidly approaching junk status. One way or another the […]
Last March, Virginia and Florida (joined by 12 other states) filed suit against Obamacare, challenging its constitutionality. Since that time, many other states have joined in, recognizing the threat posed by the legislation to both the Constitution and their own state budgets. As we reported on Friday, more than half of all states are now […]
This Wednesday Maine Attorney General William Schneider announced that the Pine Tree State would become the 23rd state participating in Florida’s multi-state suit against Obamacare. With Oklahoma and Virginia each pursuing their own seperate suits, that brought the number of states fighting Obamacare’s budget busting Medicaid expansion to 25. It didn’t take long for that […]
On March 16, 2006, when our national debt stood at $8.27 trillion, a young Senator from Illinois announced his intention to vote against raising our nation’s debt ceiling to $9 trillion, explaining: The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. Leadership means that “the […]
If it is allowed to be implemented, Obamacare will eventually do deep and irreparable harm to our nation’s budget deficit. But while Obamacare is more of a long-term threat to fiscal health at the federal level, it is a clear and present danger to the states. Of the 34 million Americans who gain health insurance […]
We have a $13 TRILLION dollar debt that is generating an additional $4 billion dollars in interest every single day of the year, so $4b X 365 days a year equals $1.460 TRILLION dollars more in debt each year, and the last time I checked that was more than all annual government income sources combined. […]
By: Daniel Amerman Overview The real US unemployment rate is not 9.8% but between 25% and 30%. That is a depression level of job losses – so why doesn’t it look like a depression for many people? How can so large of a statistical discrepancy exist, and how is it that holiday shopping malls are […]
