The most ominous trend in America's employment data is not the number of people who have left the labor force, but the number who are now working either for the government or in the as-yet-still-private sector of the health care industry.
A year ago this week, just two days before being shot by a deranged assailant in her district, Arizona Representative Gabrielle Giffords introduced legislation to cut congressional salaries by 5 percent, from $174,000 to $165,300.
Since the congressional super committee appears unable, or unwilling, to take a lesson from Indiana or Virginia -- where Republican governors have made spending cuts and delivered budget surpluses without damaging the social safety net -- members might wish to consider Puerto Rico and what its governor, Luis Fortuno is doing.
President Obama’s goofy, gimmicky American Jobs Act, which even the Harry Reid-led Senate rejected Wednesday and which the adult-led House regards with head-shaking bemusement, would throw another $447 billion “stimulus” at the economy, and extend unemployment benefits for another year.
Maybe that’s why Obama’s so bad at investment choices. Obama’s spending money on investments in more stuff that doesn’t work with one hand while he’s killing jobs with regulations that don’t work on the other. He should really just try stopping both. Or alternately someone could stop him.
More than two years ago, the nation was told by then Illinois Senator and now President Barack Obama, that there would be a new era of openness and transparency in government consistent with promises he made to change the way business was done in Washington, D.C.
Before any project can be economically viable, labor costs must be addressed, and that is exactly why we need to scrap Davis-Bacon and all prevailing wage laws. We also need to eliminate collective bargaining of public unions, preferably getting rid of public unions in entirety.
Geithner worries we may have to “shrink the overall size of government programs.” Good grief. The first and foremost thing this country needs to do is dramatically shrink the overall size of government. The way to do that is easy:
President Obama campaigned this week for "new and innovative approaches" to America's economic crisis. So naturally, the futurist-in-chief filched his fresh, bold ideas straight from ... the 1930s.