The U.S. has a $210 trillion “fiscal gap” and “may well be in worse fiscal shape than any developed country, including Greece,” Boston University economist Laurence Kotlikoff told members of the Senate Budget Committee in written and oral testimony on Feb. 25. “The first point I want to get across is that our nation is […]
Michael Snyder The Economic Collapse Is this the end of the last great run for the U.S. stock market? Are we witnessing classic “peaking behavior” that is similar to what occurred just before other major stock market crashes? Throughout 2014 and for the early stages of 2015, stocks have been on quite a tear. Even […]
The number of Americans aged 16 and older not participating in the labor force hit 92,898,000 in February, tying December’s record, according to data released by the Bureau of Labor Statistics (BLS). Over the longer trend, the labor force participation rate was between 62.9 percent and 62.7 percent from April 2014 through February, and has […]
by WARNER TODD HUSTON A new study finds that Hispanic foreigners, both legal and illegal, will account for a large portion of future job growth, taking perhaps as many as 75 percent of the jobs created by 2020. It’s expected that the Hispanic population present in the U.S. will enjoy 2.6 percent growth per year over the next 20 years, thanks in part to […]
A. Barton Hinkle History will remember President Barack Obama for many things. One of them will be his campaign to increase dependence on government—a goal he has pursued with missionary zeal. Everyone needs a helping hand to get through life at some point. Some people, through no fault of their own, need a helping hand […]
By Jim Yardley You can always count on our President, Barack Obama, for some gimmicky giveaway idea that will appeal to the nearly untutored who don’t understand the one simple fact that is never, ever discussed when Obama unveils his latest brainstorm. They never seem to be able to understand the simple idea that NOTHING IS […]
By Dan Calabrese About a third of all the jobs in Alaska are connected to oil exploration and development. And the ability to keep the oil industry vibrant in Alaska is very much dependent on the Trans-Alaska pipeline. So you’d think an administration that claims to be about keeping good jobs viable would have an […]
It is often remarked that the Ship of State is the one ship which leaks from the top. Thus even before the blatantly theatrical political funeral dirge conducted at the White House in which President Obama announced that Secretary of Defense Chuck Hagel, the sole remaining Republican in his cabinet, would be leaving of his […]
By Alan Caruba As 2015 began the Journal Editorial Report on Fox News was devoted to having its reporters, some of the best there are, speculate on what 2015 holds in terms of who might run for president and what the economy might be. The key word here is “speculate” because even experts know that […]
Young America’s Foundation has released its Youth Misery Index (YMI) numbers for 2014, and it’s a record high of 106.5. The Youth Misery Index (YMI) is calculated by adding youth unemployment, student loan debt, and national debt (per capita) numbers. Young people are experiencing hardships like never before under the Obama administration, and this generation […]
