Americans see biggest monthly income drop in 20 years

Feeling poorer? Americans saw their income drop so dramatically in January that it marked the deepest one-month decline in 20 years. Personal income decreased by $505.5 billion in January, or 3.6%, compared to December (on a seasonally adjusted and annualized basis). That’s the most dramatic decline since January 1993, according to the Commerce Department. It’s […]

Full Story

8 striking parallels between the U.S. and the Roman Empire

Is our republic coming to an unceremonious end? History may not be on America’s side. Lawrence Lessig’s Republic Lost documents the corrosive effect of money on our political process. Lessig persuasively makes the case that we are witnessing the loss of our republican form of government, as politicians increasingly represent those who fund their campaigns, rather than […]

Full Story

U.S. Post Office to Stop Saturday Mail Delivery

The U.S. Postal Service plans to end Saturday mail delivery as soon as August to cut financial losses, a change Postmaster General Patrick Donahoe said it can make without Congress’s approval if necessary. The service, which lost $15.9 billion last year, said it would continue six-day deliveries of packages, deliver mail to post-office boxes and keep open […]

Full Story

15 Signs That You Better Get Prepared For The Obama Recession Of 2013

You better get ready, because there are a whole host of signs that economic trouble is on the horizon. U.S. economic growth slipped into negative territory during the fourth quarter of 2012. That was the first time that has happened in more than three years. Several important measures of manufacturing activity have also contracted in […]

Full Story

US slips back into recession

The US economy unexpectedly took its biggest plunge in more than three years last quarter, contracting at an annual rate of 0.1 percent and indicating a new level of vulnerability for the economy. The plummet marks the first time the economy contracted since the Great Recession ended and is causing concern that the US could […]

Full Story

GDP Shows Surprise Drop for US

The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus. The economy shrank from October through December for the first time since the recession ended, hurt by the biggest cut in defense spending in 40 years, fewer […]

Full Story

Federal Welfare Spending to Skyrocket 80 Percent in Next Decade

Federal welfare spending will skyrocket 80 percent over the next decade, according to new analysis by the minority side of the Senate Budget Committee. Here’s a chart, provided by the committee, detailing the growth in spending: “This chart displays projected federal spending on federal welfare programs over the next ten years, based on data from […]

Full Story