The news is breaking that President Barack Obama will name White House Chief of Staff as the new Treasury Secretary on Thursday. Lew has been the frontrunner to replace Timothy Geithner for quite some time now. Although it will most likely be an easy nomination, some Republican members, such as Senate Minority Leader Mitch McConnell, do […]
Archives for January 2013
Obamacare causes health insurers to raise premiums by double digits
Despite the objectives of President Barack Obama’s Affordable Care Act, otherwise known as Obamacare, health insurance companies across the United States are pursuing and implementing raises in premiums as high as 26 percent. Even though the purpose of the health care law was to control the cost of health insurance, it seems small businesses and […]
Economic collapse has forced 5,000 PhDs to work as janitors: Infographic
Over the past few years, the economic collapse has forced many highly educated people to turn to food stamps and other forms of welfare for help. Over 5,000 PhDs are working as janitors, and many more are working as waiters, secretaries, attendants, clerks, and telemarketers. In fact, the number of PhDs and Master’s degree holders […]
Is greed more valuable than charity?
John Stossel produced an interesting segment on his Fox Business Network (FBN) show in which he pegged a discussion as to what is more valuable: industrial achievement or philanthropy. Stossel has discussed this topic before when he was with ABC for a “20/20” special called “Greed.” The new video can be found below.
Former CBO Director: $1 trillion platinum coin has ‘all the implications of near-default’
In order to help pay off the United States federal government’s debt, an idea is floating around to mint a $1 trillion platinum coin. Although the premise may seem quite absurd – especially to those familiar with inflation’s economic collapse results – there is a bit of support from several writers, Economist Paul Krugman and […]