The collapse of the United States economy in 2007 and 2008 was catastrophic to the middle class and the poor. Although Wall Street and the Washington elite benefitted from the demise of the overall economy, the state of the U.S. isn’t bright, but rather it is quite bleak and will be difficult to adjust or […]
Archives for June 2013
‘Taxpayer advocate’ argues IRS should receive more funding amid scandals
Over the past several weeks, the Internal Revenue Service has been involved in a lot of controversies. One of them includes the IRS targeting certain conservative or anti-government organizations; while the other has been IRS employees abusing taxpayer dollars by spending it on lavish conferences, pornography and romance novels. Despite the issues going on at […]
Americans disengaged with their work costing U.S. $450 billion a year: report
Not everyone is happy waking up at 7 a.m. on a Monday, hitting the concrete jungle and then sitting at their desk performing their paid duties until 5 p.m. and then heading back home on packed buses, trains or trams and then getting ready for bed. This unhappiness is costing us quite a bit of […]
Hike in interest rates to become major burden on national debt, budget deficit
For years, warnings that any increase in interest rates would severely affect the payments made on the national debt and budget deficit have been ignored by most Washington insiders. Many public officials, both Republican and Democrat, paid no attention to these warnings because either they felt interest rates wouldn’t increase or they didn’t want to […]
Poll finds economic collapse causing 76% of Americans to live paycheck-to-paycheck
Times might not be tough for government officials and those on Wall Street, but the difficult economic climate is taking a toll on most Americans. A new survey found that more than three-quarters (76 percent) of Americans live paycheck-to-paycheck and less than one-quarter (24 percent) have at least six months worth of emergency savings. BankRate.com […]