The U.S. unemployment rate will rise higher than 10% before Christmas. The federal unemployment rate is currently 9.5%, the highest rate in 26 years. The unemployment rate has already crossed 10% in sixteen states — almost 1/3rd of all U.S. states. Yesterday’s 70 cent increase of the federal minimum wage to $7.25/hr should destroy an [...]
Vice-president Joe Biden recently claimed that “everyone guessed wrong” about the effects of the Democrat’s “stimulus package” on employment numbers. The Democrats added a trillion dollars to our national debt and they expected this to improve the economy? No Joe, “everyone” didn’t guess wrong. No one with any common sense guessed wrong. No one who [...]
Most of us are familiar with our own personal credit ratings. These credit ratings control how much we can borrow and the interest rate we pay when borrowing money. The U.S. government enjoys an AAA credit rating — the highest rating possible. It has held this Triple-A rating since 1917. Unfortunately, due to recent massive [...]
The United States is currently suffering under an unimaginably complex tax system. The maintenance of this beauracratic behemoth costs the taxpayers billions of dollars every year. The direct costs borne by the taxpayers are small in comparison to the costs borne by corporations and individual taxpayers in attempting to comply with all of these Federal [...]
