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Government employees ready to gobble up the economy
Any perceived economic gains made in the last four years will more than be wiped out by the looming public pension crisis, The Washington Examiner‘s editorial board writes Sunday. They write, in part: State and local governments are getting squeezed ever more tightly and something is going to have to give. They will be forced […]
Read moreFamily incomes worse under Obama than during recession
“New figures from the Census Bureau’s Current Population Survey, compiled by Sentier Research, show that the typical American household’s real (inflation-adjusted) income has actually dropped 5.7 percent during the Obama ‘recovery,’” The Weekly Standard reports. “Using constant 2012 dollars (to adjust for inflation), the median annual income of American households was $53,718 as of June […]
Read more“At a certain point you’ve made enough money.” Canada now richer than us.
“Over the past five years, net worth per Canadian household has exceeded net worth per American household (total combined value of liquid and real estate assets minus debt) for the first time,” the Toronto Globe and Mail reports. “Currently, the average Canadian household is more than $40,000 richer than the average American household.” The paper […]
Read more52% of investors believe the Obama economy is getting worse
52 percent of investors tell the polling firm Rasmussen Reports they believe the economy is getting worse, the firm’s new investor and consumer confidence reports reveal. “The Rasmussen Consumer Index, which measures consumer confidence on a daily basis, slipped just a tenth of a point on Friday. At 83.5, the Consumer Index is down four […]
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