By Robert Romano One of the parts of the Supreme Court ruling by Chief Justice John Roberts that upheld Obamacare last year made Medicaid expansion by states optional. As result, only 21 states have decided to participate in the program’s massive expansion. How massive? According to Medicaid.gov , “Beginning in […]
By Robert Romano On Oct. 29, the Dow Jones Industrial average reached an all-time high. So, what has investors cheering? A manufacturing boom? More jobs? Lower taxes? None of the above. It was “expectations that the Federal Reserve will keep its economic stimulus program in place,” reports the Associated Press . […]
By Robert Romano U.S. lending to foreign governments through the International Monetary Fund (IMF) has reached $35.6 billion, representing more than 25 percent of the agency’s $141.8 billion of outstanding loans . Well above its 17.7 percent quota, the U.S. is therefore funding a disproportionate share of IMF loans. Astonishingly, 68 percent of IMF […]
By Robert Romano Since 2009, the working age population has increased by 11.4 million people, and yet, in all that time, only 2.15 million of them have found jobs. The rest of them, more than 8 out of 10, are not officially unemployed, according to data compiled […]
By Robert Romano House Republican leaders never had any intention of defunding or even delaying implementation of Obamacare. No other conclusion can be drawn from the complete capitulation by House Speaker John Boehner in agreeing to end the partial government shutdown, suspend the debt ceiling until Feb. 7, and allow […]
By Robert Romano Is the White House bluffing about an imminent default on the $16.7 trillion national debt? Is the debt ceiling crisis just a made-up D.C. myth meant to frighten young children? Heretofore, the story coming out of the U.S. Treasury has been that if the […]
By Robert Romano “I say, imagine in your private life, if you decided that I’m not going to pay my mortgage for a month or two — first of all you’re not saving money by not paying your mortgage. You’re just a deadbeat.” That was Barack Obama […]