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Money & The Economy

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Payroll Tax Debate: The Truth Comes Out in the U.S. Senate

On Thursday, Dec.1st the battle to extend the payroll tax holiday and unemployment insurance benefits reached new heights in the Senate, as not only did Republicans battle Democrats, but both parties saw raging fights within their own ranks over how to pay for the extensions, along with whether the tax holiday should even be extended at all. In the end, ...

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Newt Gingrich's "Growth" Plan: It's About Welfare

I think it’s about time we take a good look at Newt Gingrich’s plan to reform welfare entitlements through “promoting growth and innovation”, detailed in this 48-page white paper. First and foremost: Gingrich (or his writers) use very idyllic language which sounds very plausible. It’s the same sort of language Gingrich employs in debates with great success. I ask the ...

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Black Friday Weekend Retail Sales Increase 1.9 Percent, Foot-Traffic Down 1.8

CHICAGO, Dec. 1, 2011  — Black Friday weekend is shifting to encompass days prior to the big shopping event, with stores seeing more foot-traffic beforehand. According to ShopperTrak — the world’s largest provider of retail and mall foot-traffic counting services — more customers shopped the Sunday before Thanksgiving than the days following Black Friday. Both Black Saturday and Black Sunday showed year-over-year losses in ...

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The FairTax Series: America's Road To Prosperity Part 2

In this installment of the FairTax series I want to cover the cost of compliance and enforcement with today’s tax codes. Before I go into the complexities of compliance and enforcement I want to spend a few minutes dispelling the favorite myth of the anti-FairTax crowd. One of the things that put me off the FairTax at first was the ...

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Fed's Bernanke Props Up EU With Loan-sharking Scheme

U.S. Federal Reserve Chairman Ben Bernanke has reached out to Europe in what is being mischaracterized across America as just another European bailout. Bernanke realizes the U.S. Congress would never allow the Federal Reserve to put the U.S. Economy at further risk by directly bailing out the European Socialists, in which we are already exposed to the tune of owning ...

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Rejecting FairTax Part Two: What You Don't Know About FairTax

In Part One, I’ll cover the dangers of taxing consumption as a major source of government revenue, both to the individual and to the economy. Part Two will cover the little-known problems in the FairTax proposal- the “fine print” FairTax advocates won’t tell you about (or don’t know themselves); I’ll also refute some of the inconsistencies and rhetoric used by FairTax advocates. ...

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SAAB: Symptom Of A Bailout Culture

SAAB Automobile AB announced today that, for the sixth month in a row, they can’t meet payroll. The backstory for this American audience: Saab first announced difficulties paying its employees in April. The employees (better-known in socialist speak as “workers”) ceased working, and have been collecting government unemployment benefits equal to their full salaries ever since. Saab’s financial difficulties began in the ...

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We can't cut the debt just by cutting spending…

The U.S. national debt can’t be trimmed by cutting spending alone. That is the illogical and easily-disproved lie circulating through the main stream media.  It’s a mantra that is repeated… over, and over, and over.  Considering that this claim is at the core of the current progressive demand for tax increases, it’s sad that only a handful of fiscal conservatives are ...

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Black Friday Tips for Savings & Sanity

YONKERS, N.Y., Nov. 23, 2011 — Next to the Saturday before Christmas, Black Friday ranks as the seminal shopping day of the season. Yet a recent analysis by Consumer Reports’ and Decide.com, a website that tracks electronics products and pricing, reveals that the day afterThanksgiving isn’t necessarily the optimal time to get the best deals on many products. A recent analysis of ...

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Bill Schulz Finds Cigarettes For $3.00 A Pack

Tired of paying 13 bucks for a pack of cigs, Bill Schulz finds a place in NYC that lets you roll your own smokes.  Buying it loose leaf and putting it through a machine that they have on site, you can assemble your own pack of cigarettes for a little more than three dollars.  Hope and change, indeed.  The down ...

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The “Super Committee” Shows What’s Wrong With America’s Government.

Per The Hill online: Friday, November 18, 2011 “In a closed-door briefing Tuesday, Rep. Jeb Hensarling (R-Texas), the Republican co-chairman of the panel, said divisions among Democrats are standing in the way of an agreement. He told his colleagues the GOP had put multiple offers on the table that Democrats had yet to accept. Boehner told reporters that the GOP ...

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Home Sales Follow Seasonal Trend, But Remain Higher Than a Year Ago

DENVER, Nov. 17, 2011 /PRNewswire/ — October home sales were 9.0% above sales in October last year, according to The RE/MAX Monthly Housing Report, a survey of housing data from 53 metropolitan areas. As the market settles in for the winter, an expected monthly decline in home sales from September to October registered 9.8%.  However, October is the fourth consecutive month to ...

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Yet More "progressive" Insanity

A quick review of the headlines for November 16, 2011 reveals that there’s yet more “progressive” insanity afoot. DEBT JUMPS TO $15 TRILLION… As other cities crack down, DC Council backs ‘Occupiers’… Occupy protesters plan to ‘shut down’ Wall Street on Thursday… ‘You’re going to see what a Molotov cocktail can do to MACY’S’… Protester Arrested for Child Porn at ...

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