Tag: Economics

Lottery Jackpot in Perspective

Recently, the lottery game Mega Millions had a jackpot of well over $540 million dollars. Millions of Americans bought tickets in hopes of becoming an overnight megamillionaire.   Some dreamed that could never spend that much money in their lifetimes.  …

Share

New Super Committee Succeeds

As is the norm, big government turned the simple task of finding $1.2 trillion in budget cuts over to a super committee who failed.     This new super committee, as shown in the video below by none other than Chuck Woolery…

Share

Federal Reserve Wields Power Worldwide

The power wielded by unelected bureaucrats at the Federal Reserve is brought to bear worldwide. Their latest intervention in the global economy made it cheaper for Europe to borrow dollars, thereby propping-up Europe’s tottering banks and left-wing economies such as…

Share

The CBO report on Obama’s Stimulus Program

On Wednesday, The Congressional Budget Office (CBO) released The 2011 Long-Term Budget Outlook: Testimony Before The House Budget Committee. You can read the testimony at http://www.cbo.gov/doc.cfm?index=12253 if you have a few hours but here is the bottom line. The report finds that…

Share

James, call the White House

Debbie Wasserman Schultz (D-NY) says that the Debtocrats have ownership now of this US economy. Thank you, Ms. Wasserman Obvious. She also says that the recovery is underway. Really now, Debbie. James Carville has warned that if the US economy…

Share