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 […]
–Majority on at least one program; collections by illegals higher than legals A day after a “civil justice” group asked why Florida needed new immigration laws, a Washington think tank offered a dollars-and-cents answer. The Center for Immigration Studies on Tuesday reported that U.S. immigrants — legal and illegal — use welfare programs at a […]
Today, the Labor Department released its monthly jobs report showing that the U.S. economy added 216,000 jobs in March and unemployment fell to 8.8 percent. Despite these encouraging numbers, Americans still consistently tell pollsters that jobs and the economy are the most important problems facing the country. And yesterday, Gallup released a poll showing that […]
You would think liberals in Congress have nothing better to do with their time. Amid a war in Libya, an effort to aid earthquake and tsunami-stricken Japan, a continuing war in Afghanistan, rising gas prices and endless unemployment, Senate Majority Leader Harry Reid (D-NV) and the Democratic leadership in the U.S. Senate are refusing to accept a modest […]
One of the most frequently asked questions we receive at the National Inflation Association (NIA) is what warning signs will there be when hyperinflation is imminent. In our opinion, the majority of the warning signs that hyperinflation is imminent are already here today, but most Americans are failing to properly recognize them. NIA believes that […]
(CNSNews.com) – When asked for her reaction to the director of the Congressional Budget Office (CBO) saying the health care law will result in the loss of 800,000 jobs over the next decade, House Minority Leader Nancy Pelosi said “the biggest growth in jobs in our economy” this year has been in health care. “Four […]
Miami (AP) – President Barack Obama says that a slight dip in the unemployment rate to 8.9 percent is a sign of continued progress but that keeping that momentum going is important to the economic recovery. The government reported Friday that February’s jobless rate had fallen to a two-year low, down from 9 percent in […]
During World War II Britain needed to keep morale on the home front intact. One way of doing so was to publish plans for postwar Britain. This was the background to the famous Beveridge Report produced by senior civil servant William Beveridge. The report presaged the future British welfare state, but its centerpiece was the […]
By Tom McClintock, on January 6, 2011 House Chamber, Washington, D.C. January 6, 2011 M. Speaker: I rise to express the hope that historians will look back on the 112th Congress as the session that restored American prosperity – and to express my strong agreement with the new leaders of this House who have declared […]
On February 11, the U.S. Department of Commerce will release our country’s 2010 trade statistics. The following three principles will help in understanding what the numbers mean: Unlike the U.S. budget deficit, the size of the trade deficit does not matter. The trade deficit results from people in other countries spending more dollars investing in […]
