Thanks to Economic Policy Journal, there was a trailer shown for the documentary “Inequality for All,” starring Keynesian economist and former Clinton administration official Robert Reich. The film, which was released this past Friday, attempts to show the the inadequacies of the United States economy, particularly income inequality. Essentially, the documentary appears to blames the […]
Archives for September 2013
The middle class continues to be buried with proposed tax on credit unions
The middle class in the United States is in between a rock and a hard place these past few years. With the rising cost of living, immense consumer debt, high taxes and inflation, millions of Americans are now potentially facing another tax hike: an end to tax-exempt status for non-profit credit unions. This proposal of […]
Treasury warns U.S. government will run out of money by mid-October
The debt ceiling negotiations between President Obama, the Democratic leadership and Republican lawmakers are underway – again. Although GOP legislators are attempting to find some sort of a deal and Democrats are warning of a government shutdown, it will as usual come to a conclusion and both sides will just increase the debt. Nevertheless, United […]
Addressing the fallacies of income inequality in the United States
Akin to yesterday’s piece about the potential dangers of a federal government shutdown, CNN published an article that looks at income inequality in the United States and how it is affecting all facets of life: education, lifespan and economic growth. Since the economic collapse, the topic has been rigorously debated upon by academics, public officials […]
Would a government shutdown really hurt the U.S. economy?
Last week, it was reported that the Republicans passed a bill in the House of Representatives and sent it to the Senate that would attempt to defund President Obama’s Affordable Care Act. It has now being expected that the GOP leadership will try to do the same thing when it comes to the government’s negotiations […]