The American economy is growing every quarter and long-term forecasts are cautiously upbeat. Economists admit that the underlying fundamentals of the economy ought to be better, but generally believe we are no longer threatened by impending freefall. It makes one wonder how much stronger the economy might be… if not for austerity. Continue reading
The United States Congress is now the proud owner of three entirely conflicting budget bills. The House of Representatives passed a Republican-sponsored bill hated by the Democrats. The Senate passed a Democratic-sponsored bill hated by the Republicans. The White House released its own budget proposal, which is of course hated by everyone. Continue reading
If the United States Congress fails to raise the debt limit the American financial economy could be ruined. The American dollar could be ruined. The already weak recovery could turn sharply into a deep and catastrophic recession. Knowing these facts, Speaker John Boehner (R-Ohio) announced last week his latest plan to destroy the economy by not raising the debt limit on May 19, 2013. Continue reading
Working families felt the brunt of the recession, they received no government bailouts or blank checks, and now they are feeling the brunt of the “recovery”. Budget austerity is championed by the rich for a reason; they don’t feel a thing. The American people need help, and they need leadership, at a time when the loudest voices in Washington offer nothing more than ridicule and partisan bickering. Continue reading
If you ask any American to name the “greatest country in the world” you ought to expect one predominant answer: America!
There definitely is value in patriotism, but at some point a proud nationalist becomes a blind evangelist. The United States of America was once the greatest nation on earth. It was once the most wealthy, most powerful, and most innovative nation on earth. Today, the U.S. has a middling and bloated economy, with socioeconomic stratification never before seen in the developed world. Continue reading
Last week, I discussed the blame game in Washington regarding “budget sequestration”; due to hit the economy on March 1, 2013. Democrats have compromised a great deal, officially and unofficially, putting pet projects on the table. Republicans has refused to move an inch. With just days to go before the budget ax falls, I will detail some of the states that will be hit the hardest in 2013. Continue reading
The United States is rapidly approaching the deadline for a cryptically-named federal budget cleaver; the “sequester”. Republicans and Democrats alike are competing in the national media over who can denounce the sequester the most. Ohio Republican representative, and Speaker of the House, John Boehner (OH-8) has started referring to the reckless policy as “Obamaquester”. President Obama, to his credit, responded by repeatedly pointing out that after concluding the budget negotiations that created the sequester in 2011, Speaker Boehner proudly proclaimed “I got 98 percent of what I wanted, I’m pretty happy”. So who is to blame for the upcoming sequester that everyone wants to avoid? Continue reading