Using the young as a shield for hitting the deficit spending wall – the bill will come due for the young. Government spending prioritizes old American immediate needs and will send the bill to the young.
The level of government spending is mind boggling but has taken a backseat to the issues being experienced over in Europe. We are running trillion dollar deficits as if this was somehow customary in our history. For each dollar spent we are seeing less of a result in the real economy. Part of the issue […]
Who will pay for the massive US public debt? 30 percent of those with incomes above $10 million audited.
Now that tax seasons is mostly finished for your average American and people can exhale and take a breather, some interesting data is released by the IRS. Audit data is fascinating because it highlights that in terms of those getting an audit, the more you make the more likely you are to be audited. It […]
The curious calculus of the US employment numbers – Decline of 2.4 million in extended and emergency unemployment benefits coincides with 2.2 million rise in disability benefits. Last time we had 8.1 percent unemployment rate we had 14,000,000 fewer Americans on food stamps.
The math on the employment situation in the US simply does not compute. Over the last few years, many have escaped the employment market by diving into massive student loan debt. This looks good for the employment figures since these people are not counted as part of the workforce.  The headline unemployment rate of 8.1 […]
The wrecking ball of hidden inflation and Fed based strategies – food inflation far outpacing overall inflation and eating away at the purchasing power of 46,000,000 Americans on food stamps.
The Federal Reserve has openly called for a steady growth of inflation. This almost dogmatic view on inflation is problematic because it is detached to the lack of wage growth being experienced by working and middle class families. What you do not hear articulated from the Fed is that they would like to encourage wage […]