Archives For economy

Infowars — Every single day more Americans fall into poverty.  This should deeply alarm you no matter what political party you belong to and no matter what your personal economic philosophy is.  Right now, approximately 100 million Americans are either “poor” or “near poor.” For a lot of people “poverty” can be a nebulous concept, […]

Continue Reading...

The Daily Beast — The Congressional Budget Office yesterday issued its first analysis of the Affordable Care Act since the Supreme Court’s ruling last month, which largely upheld the law. Amid the sound and fury of the individual mandate’s survival, many saw the court’s less-publicized decision—limiting the bill’s Medicaid expansion—as little more than a hiccup. […]

Continue Reading...

Washington Post — The recent recession wiped out nearly two decades of Americans’ wealth, according to government data released Monday, with middle-class families bearing the brunt of the decline. The Federal Reserve said the median net worth of families plunged by 39 percent in just three years, from $126,400 in 2007 to $77,300 in 2010. […]

Continue Reading...

Earlier today, we learned the first stunner of the Greek “bailout package”, which courtesy of some convoluted transmission mechanisms would result in some, potentially quite many, Greek workers actually paying to retain their jobs: i.e., negative salaries. Now, having looked at the Eurogroup’s statement on the Greek bailout, we find another very creative use of […]

Continue Reading...

This year’s Index of Dependence on Government presented startling findings about the sharp increase of Americans who rely on the federal government for housing, food, income, student aid or other assistance. (See last week’s chart.) Another eye-popping number was the percentage of Americans who don’t pay income taxes, which now accounts for nearly half of […]

Continue Reading...