20 Ways That The U.S. Economy Has Gotten Worse Since Obama Became President

By almost any measure that you can think of, the U.S. economy has gotten worse since Barack Obama became president. Unemployment is higher, the cost of food and gas are skyrocketing, the number of Americans living in poverty has spiked dramatically, the housing market is in nightmarish shape and our national debt has absolutely exploded. […]

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The Door is About to Shut for Americans

(Before it’s News) Anyone aware of the US Government’s real financial situation knows that time is running out.  The Government has $15.5 trillion in admitted debts but those debts, when calculated under Generally Accepted Accounting Principles (GAAP), or ‘honest accounting’, is over $70 trillion.  $70 trillion divided by 300 million+ Americans works out to $233,000 per […]

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Obama Raids Pensions

The Obama administration will begin to tap federal retiree programs to help fund operations after the government lost its ability Monday to borrow more money from the public, adding urgency to efforts in Washington to fashion a compromise over the debt. (Bloomberg) — Lee Sachs, chief executive officer for AlliancePartners and former assistant U.S. Treasury […]

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USA Hits Debt Ceiling

The U.S. government is expected to hit the $14.294 trillion debt ceiling Monday, setting in motion an uncertain, 11-week political scramble to avoid a default. The Treasury Department plans to announce Monday it will stop issuing and reinvesting government securities in certain government pension plans, part of a series of steps designed to delay a […]

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America’s Middle Class Crisis: 15 Sobering Facts

Two recessions, a couple of market crashes, and stubbornly high unemployment are all wreaking havoc on America’s middle class. In the accompanying interview, The Daily Ticker’s Aaron Task discusses the state of the middle class with Sherle Schwenninger, director of economic growth and American strategy programs at the New America Foundation. Schwenninger’s recent report “The […]

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