USA Economy News

A trillion dollars of new tax dollars lie at the crux of the Healthcare ruling soon to be rendered by the Supreme Court. While the healthcare mandate is the most controversial part of the healthcare [...]

“Wealthy is a sign of success that will translate to being a successful president.” Bloomberg writer, Michael Kinsley, asserts that Edward Conrad and Ayn Rand would approve of presidential candidate Mitt Romney for being successful. [...]

Post image for Congress Fails, Markets Wail.  Supercommittee Can’t Agree On A Deal.

Congress failed to strike any deficit reduction deal or compromise on a plan that would replace the mandatory cuts put in place in case negotiations failed. The Super Committee’s inability to reach a deal triggers [...]

Washington – CBO Congressional Budget Office projected 2011 government receipts for 2011 at 15.4 percent of GDP or 2.6 percent below the 40-year average of 18 percent. Obama Steps In According to White House representative [...]

Former U.S. president Bill Clinton offers solutions to fix the economy in book and interviews. Like a helicopter parent, former president Bill Clinton gives economic advice to the second straight sitting U.S. President. According to [...]

Washington, DC – Boehner cites Obama’s “class warfare” as why Obama’s relationship with him has cooled. Revenues are still the main hurdle in negotiations for the “super committee” or the Joint Select Committee on Deficit [...]

Barton Biggs thinks European Austerity is a “big mistake”. As noted in the Ireland austerity piece, the reward to severe austerity during down times are lower GDP and higher costs to borrow. Biggs wants increased [...]

Washington, D.C. Obama’s refinance plan could positively help at least 800,000 homeowners with negative equity… possibly millions. Why does this matter for the overall economy? Most While Obama’s American Jobs Act focuses on start ups [...]

Post image for Rogue Politicians Are Pushing the US Toward the Same Irish Cliff

Ireland. Pre economic meltdown, Ireland had one of the fastest growing economies in the EU. Real estate grew at precipitous rates and it’s GDP surged. Then the global recession hit hard, tumbling Ireland to the [...]

During Recession, Improper State Unemployment Insurance Payments Skyrocket. Department of Labor reports billions lost in UI payments and 9 steps to improve troubled states.