As liberals have chosen to attack the validity of S &P‘s downgrade of the U.S. government credit rating, some in the business community are now telling Washington to stop pointing fingers and to start finding solutions. Amilya Antonetti’s (Chairman and CEO at AMA Productions) went off on Fox News this morning, ripping into the politicians […]
Falling mail volume and soaring red ink may soon doom Saturday mail delivery and prompt three-day-a-week delivery within 15 years, Postmaster General Patrick Donahoe warns. Donahoe’s forecast is based on a projected $8.3 billion loss this year as the drift from paper to electronic communication hammers the Postal Service. “On Sept. 30,” he told the […]
As America’s poorest wait for Social Security checks that may never come on Aug. 3, President Barack Obama will be out celebrating a milestone birthday at a party where tickets cost up to $35,800 each. Obama has chosen the first day of the potential default to throw his 50th birthday bash, combining it with raising […]
After working hard to compile a list of Obama’s rather questionable record of fiscal promises and actual executions, the gist of which is represented best by the violent clash between myth and realty in Christina Romer’s “The Job Impact of the American Recovery and Reinvestment Plan” whose epic failure is defined by one simple chart, […]
(Hawaii Daily) Without an abundance of good jobs, the middle class in the United States is going to shrivel up and die. Right now, rampant unemployment is absolutely killing communities all over America. Hopelessness and poverty are exploding and many are now wondering if we are actually witnessing the slow death of the middle class. […]
The Palestinian Authority is facing another budget crisis, after all its July. It has reached its borrowing limit and has a 585 million dollar deficit, again. So naturally its leaders are asking the West for yet another mega handout. Back in 2007, 7.4 billion dollars was pledged to keep the terrorist edifice of the Authority […]
Vallejo, California (And Virtually The Rest Of The State Of California are a complete mess). Almost the entire state of California is an economic disaster zone. Austerity measures are being implemented in city after city as tax revenues have nosedived. The following is an excerpt from a recent New York Times article that describes the […]
The federal government’s financial condition deteriorated rapidly last year, far beyond the $1.5 trillion in new debt taken on to finance the budget deficit, a USA TODAY analysis shows. The government added $5.3 trillion in new financial obligations in 2010, largely for retirement programs such as Medicare and Social Security. That brings to a record […]
(USA News) Two new EPA pollution regulations will slam the coal industry so hard that hundreds of thousands of jobs will be lost, and electric rates will skyrocket 11 percent to over 23 percent, according to a new study based on government data. Overall, the rules aimed at making the air cleaner could cost the […]
Mark Steyn: “I’m not concerned about a double-dip recession,” Obama said last week. Nor would I be if I had government housing, a car and driver, and a social secretary for the missus. But I wonder if it’s such a smart idea to let one’s breezy insouciance out of the bag when you’re giving a […]
