New documents reveal that it will cost taxpayers $121 million in order to repair and renovate the Obamacare website (HealthCare.gov), which is actually $27 million more than it cost to build in the first place. The Republicans are jumping on this latest revelation. The reports say that Accenture Federal Reserve has been brought in to […]
Archives for April 2014
Warren Buffett won’t pay more in taxes than what he’s required to
America’s favorite billionaire, Warren Buffett, is at it again with even more hypocrisy. This time, speaking in an interview with Fortune, Buffett has gone on record as saying that he won’t pay more in either personal or corporate taxes than what he’s required to by law at Berkshire Hathaway. “Actually, [Berkshire’s] tax rate is pretty […]
Personal Financial Collapse Continues: Millions have zero cash savings
Are you living paycheck to paycheck? Well, you’re not the only one after a new study by three academic economists discovered that 38 million households in the United States are living paycheck to paycheck, including 25.5 million that are described as middle class. This means that millions of households have no cash savings. In addition, […]
Sterling & Racism: Free markets still outweigh discrimination
Last week, an audio tape of a conversation between Los Angeles Clippers owner Donald Sterling and his half-black and half-Mexican girlfriend, V. Stiviano, was released to the media. Since then, Sterling has been called a racist, but the tape seems to primarily be about issues with his girlfriend rather than political discourse regarding minorities. In […]
Week in Review: Apr. 21 – Apr. 27
In case you missed any of this week’s articles, here is a round-up of some of the most read pieces written by the Economic Collapse News staff: Dilbert Is Right: Business (or government) travel is a waste of time Government wants your money – Property tax collections on the rise Americans enjoy saving instead of […]