President Obama's plan to raise the federal minimum wage from $7.25 to $10.10 an hour would result in the loss of half a million to a million jobs, according to a report of the non-partisan Congressional Budget Office released Tuesday.
As we have warned, governments and central banks all over the world are getting ready to plunder savings accounts and pensions to fund ongoing spending binges and mounting debts.
Notwithstanding the very real technological advances that Americans use for their benefit, the standard of living for America’s middle class has been declining for decades.
The Organization for Economic Cooperation and Development (OECD) unveiled a plot to create a global tax information-sharing regime to plunder humanity's wealth.
In 2008, many banks were deemed “too big to fail,” and government (taxpayers) bailed them out. Since then, bankers and bureaucrats have insisted the money keep flowing.
Well, the Republican leadership has done it again. In the battle over government spending, they waved the white flag of unconditional surrender.
It’s the “defining challenge of our time,” declared President Obama, referring to income inequality in the American economy.
The raising of the debt ceiling might just prove costly to the Republican establishment in November.
No one can blame a person if he starts out in life poor, because how one starts out is not his fault. If he stays poor, he is to blame because it is his fault. Avoiding long-term poverty is not rocket science. First, graduate from high school. Second, get married before you have children, and stay married. Third, work at any kind of job, even one that starts out paying the minimum wage. And finally, avoid engaging in criminal behavior.
The Discovery Channel's Dirty Jobs host Mike Rowe recently gave his Facebook fans a lesson in free market economics.