AUSTIN, Texas, Dec. 3, 2012 /PRNewswire/ — How far would you personally fall off the “fiscal cliff”? A new, free online calculator from CreditCards.com provides the answer, helping readers estimate the impact that the expiration of federal tax breaks — the so-called “fiscal cliff” — would have on their own budgets. “We wanted to give […]
Archives for December 2012
Bidding Farewell: Top five Ron Paul moments that changed U.S. politics
With Texas Republican Congressman and three-time presidential candidate Ron Paul bidding a farewell to Washington soon, I thought it would be imperative for Economic Collapse News to list the top five moments of his distinguished career. Although his son, Kentucky Republican Senator Rand Paul, seems to be doing a good job of defending freedom thus […]
Study finds median family wealth is at 43-year low in U.S. collapse
New York University economics professor Edward N. Wolff published a new study last month that found the lower and middle class American households in this economic collapse are appearing poorer and unstable for the first time since 1969. The study reported that the median net worth of $57,000 (measured in 2010 dollars) is at a […]