Howard Schneider via The Washington Post on the IMF’s first ever economic analysis of America’s slowing economic recovery: The Obama administration is overestimating U.S. economic growth and needs to reduce its budget deficit far more aggressively, the International Monetary Fund said on Thursday in a report that targeted Social Security, the home mortgage interest deduction […]
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Sara Murray via The Wall Street Journal concerning people on the dole turning down good job offers: Management Recruiters of Sacramento, Calif., says it recently had a tough time filling six engineering positions at an Oregon manufacturer paying $60,000 a year—and suspects long-term jobless benefits were part of the hitch. [. . .] Some candidates […]
Just when I thought that Paul Krugman couldn’t be any more full of shit, he proves me wrong time and again. From a recent Opinion column in The New York Times: Around the world — most recently at last weekend’s deeply discouraging G-20 meeting — governments are obsessing about inflation when the real threat is […]
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President Obama in a speech given in Racine, WI as he once again blames Republicans because his own progressive government spending measures don’t work: They still believe that even after the Wall Street crash, even after the BP oil well blew, that we should keep a hands-off attitude. Now I’m not exactly sure what “they” […]
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Great. Not only are lawmakers “doing something” in an attempt to fix what was messed up the last time they did something, but they’re doing it tense, tired, and trying to make a joke of a serious matter.
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I’m not saying that some people don’t need some help during down times, but perhaps this news might incentivize going out and finding a job rather than sitting at home even longer by extending unemployment benefits. Again. For the third, er, fourth time.
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Some will call it a warning shot across the bow of those eeeeeeeeeeeeeeeeeevil health insurance companies; those with a brain will call it Señor Hopey McChangey playing a pre-emptive game of CYA for what many know is an inevitable “side effect” of Obamacare.
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Unexpectedly?
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Well, color me surprised. The guy responsible for making sure that government financial decisons are sound is stepping down.
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Mary Williams Walsh via The New York Times concerning states cutting back on public pensions: Illinois raised its retirement age to 67, the highest of any state, and capped public pensions at $106,800 a year. Arizona, New York, Missouri and Mississippi will make people work more years to earn pensions. Virginia is requiring employees to […]
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