Close to one in four Americans have more credit card debt than personal emergency savings, according to a new survey released Monday by BankRate.com. The poll found that debt is certainly taking a toll not only on the federal government but on millions of households across the country. The survey further discovered that 16 percent […]
Archives for February 2013
Rand Paul returns $600,000 of unspent money to the U.S. Treasury
Kentucky Republican Senator Rand Paul announced in a press release last week that he will be writing a $600,000 check to the United States Treasury Department as part of his operating budget that was not spent. According to the figures, the $600,000 sum is more than 20 percent of his operating budget. It was revealed […]
6 economic policies the government must not pursue for a recovery to happen
Since the collapse of the United States economy in 2007 and 2008, the federal and state governments and the Federal Reserve have taken serious actions in order to stave off the inevitable crisis and to grow the economy. Well, the economy has not gotten better and the crisis will become a whole lot worse. In […]
Federal Reserve to continue inflating despite concern of future soaring prices
According to a report from the Washington Post, experts in the financial markets are concerned that the Federal Reserve could cut off its massive stimulus programs. The concerns have become rampant after minutes posted from a recent Fed meeting suggested there was a debate over such a move. During the Wednesday trading session, stocks even […]
Federal union workers on ‘official time’ cost taxpayers $155 million in 2011
The Office of Personnel Management (OPM) issued a new report that found union workers cost the federal government more than $155 million in 2011. This is a 12 percent increase from 2010 and the highest in any year since the OPM started to collect the data voluntarily in 2002. Using the term “official time” applies […]