The middle class in the United States is being systematically destroyed, and nobody is doing much of anything to stop it. Our incomes are shrinking, our share of the income pie is at an all-time low, our jobs are being sent overseas, debt burdens have soared to unprecedented heights and millions of formerly middle class […]
Sometimes, watching a Democrat learn something is wonderful, like seeing the family dog finally sit and stay at your command. With President Obama back in office and his life-saving “fiscal cliff” bill jammed through Congress, the new year has brought a surprising turn of events for his sycophantic supporters. “What happened that my Social Security withholding’s in my […]
Obamacare opponents warned that forcing companies employing 50 or more full-time workers to buy healthcare would prompt employers to slash jobs and worker hours. And that’s exactly what’s happening,says one of President Barack Obama’s favorite economists, Mark Zandi of Moody’s Analytics. “It will have a negative impact on job creation” this year, says Mr. Zandi. The Obamacare employer […]
Imagine you are working for a company that is going bankrupt, but everyone you work with and your bosses are getting pay raises. Seem absurd? Not if you work for the failing federal government, because President Obama has just decreed that Vice President Biden, members of Congress expected to decide on the “fiscal cliff”, and […]
As the “fiscal cliff” of tax hikes and spending cuts draws closer, anti-tax crusader Grover Norquist repeated his call on CNBC’s “Closing Bell”for spending cuts instead of tax increases to deal with the country’s fiscal problems. “If you put tax increases on the table, there’s never any spending restraint,” Norquist said, citing examples where taxes went up under […]
President Francois Hollande’s 75 percent millionaire-tax is unconstitutional because it fails to guarantee taxpayer equality, France’s top court ruled today. President Obama wants a similar increased tax specific to the wealthy earners in the USA. The tax, one of Hollande’s campaign promises, had become a focal point of discontent among entrepreneurs and other wealth creators, some of whom […]
Young voters formed the backbone of President Barack Obama’s coalition, but the recession in Obama’s economy has left “workers between the ages of 18 and 24 with the highest unemployment rate of all adults” and, as a result, a record number of young people–even those with college credits and work histories–are becoming homeless. They have […]
By Greg Hunter Economist John Williams thinks the economy is in worse shape than most people think. In 2013, Williams predicts, “As this goes forward, you’re going to see we’re going to be in a new recession.” The Federal Reserve announced last week it is now printing a total of $85 billion every month to […]
Here is a video reminder of Obama in 2008 promising to cut the deficit in half. Obama goes on about how the USA cannot sustain the deficit spending, and that Americans were already paying the price of those deficits. Obama went on about how deficits increase the risk of another crisis as the debt rises, […]
The tax burden on the U.S. economy is already too high by historical standards and is crimping growth and hampering recovery as a result, said publisher and one-time presidential hopeful Steve Forbes. The White House and Congressional Republicans are debating a fiscal framework for 2013, with the Obama administration’s proposal calling of tax hikes on […]
