It may sound absurd to those of us who remember the economy before the crash, but our new economy can't tolerate "sky high" rates of four or five percent. What would happen to the housing market and the stock market if interest rates were to return to those traditional levels? The red ink would flow in rivers.
For the past four years, American taxpayers have paid nearly $400,000 so that Yale University could study the sexual conflict of waterfowl and “plasticity in duck penis length.”
Last week, I reported on the federal government's massive new student-tracking database, which was created as part of the nationalized Common Core standards scheme.
U.S. taxpayers have forked over nearly $4 billion to foreign-owned companies as part of a stimulus program that pays cash grants to green-energy firms, according to a newly released congressional report.
The only plank remaining under notable discussion from either national convention platform of 2012 is the GOP platform’s call for a national monetary commission.
Average hourly earnings has been falling for years and lagging CPI inflation since September 2009. Simply put real wages have been declining.
Four years ago Barack Obama was elected President with 53% of the vote -- a monumental achievement. He was swept into office with 364 electoral votes, compared to John McCain’s lackluster 162 electoral votes. With 60 votes in the Senate and a lock-step Democrat majority behind then Speaker Nancy Pelosi, the new President had complete party control of Congress. His approval rating by early spring peaked above 70%.
Remember when President Obama bragged about Joe Biden's fiscal discipline cred in 2009? "To you, he's Mr. Vice President, but around the White House, we call him the Sheriff," Obama warned government employees. "Because if you're misusing taxpayer money, you'll have to answer to him."
The Five's Greg Gutfeld describes ten things the President could be doing instead of another "late night infomercial."
Congress may not be popular – just one in seven Americans approve of the job they’re doing – but they are creative. Instead of quietly leaving town ahead of the elections, some lawmakers have decided they should start blaming their constituents for the lack of legislative progress in Washington.
Elizabeth Warren's Crusade to Nationalize Payday Lending Squeezes Native American Tribes | Cathy Reisenwitz