10.30.2013

Dow hits new high, but is this just a paper boom?

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 . […]

10.25.2013

A time for debt vigilance

By Rick Manning Ten years ago, the national debt was an astounding 6.8 trillion dollars, fifteen years ago, it was 5.5 trillion and twenty years ago, it was 4.4 trillion.  After all the accounting tricks ended, the 2013 fiscal year ended with just over a 17 trillion […]

10.23.2013

A permanent underclass

Train Wreck Cartoon-Warren

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 […]

10.18.2013

National Debt jumps $328 billion after debt ceiling lifted

By Tom Toth President Obama claimed that lifting the debt ceiling did not cause increased indebtedness, and while this is technically true, not even the prince of prevarication himself could claim that the day after the debt ceiling was lifted, the national debt jumped by […]

10.11.2013

Time to call Obama’s debt default bluff

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 […]

10.09.2013

The new vicious cycle of student loan debt

By Tom Toth Generally, the idea of going to college is not to just get a job but to begin a career. School loans are assumed to be worth the investment because of all the businesses waiting to accept entry-level graduates into their companies with […]

10.09.2013

The deadbeat president

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 […]

10.07.2013

Government’s big fear: What if no one notices we are gone?

By Rick Manning The official federal government report on the nation’s Employment Situation didn’t happen on Friday, and nobody seemed to miss it. Economists and others referenced a payroll report released by the paycheck processing company ADP earlier in the week that showed that the private sector had […]

10.04.2013

Countdown to the implosion of Obamacare

No Obamacare

By Marta H. Mossburg Back in 2009 President Barack Obama told Americans that his health care plan wouldn’t impact people who already have health insurance. As he said, “First of all, if you’ve got health insurance, you like your doctor, you like your plan — […]

09.30.2013

‘Security theatre’ at the NFL

By Marta H. Mossburg Until last weekend, I was unaware of the NFL’s new purse policy, which as of this season bans a bag larger than a hand except for slightly larger clear plastic bags or Ziploc-like pouches. I found out the hard way trying […]

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