Category Archives: The Economy - Page 2

The Courts complain to the President about Sequester cuts…

Friday night news dump bulletin just in from the White House: The sequester is still bad policy and hurting government agencies.

This time, though, it’s not just another agency complaining about the hit — it’s the entire judicial branch saying its operations are being hampered by the across-the-board cuts that kicked in earlier this year……

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Government Job loses are Not helping the economy….

And we haven’t even seen the worst of it yet. Sequestration’s budget cuts officially took effect in March….

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Payrolls in U.S. Rose by 175,000 in May… Unemployment @7.6%

“The economy has really held up much better than expected, considering the strong fiscal headwinds that we’re experiencing right now,”

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Home Mortagage rates are going Up…..

“Have we seen the rock bottom for interest rates go past?”

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House Committee passes up a Defense Budget Bill….

The House Armed Services Committee passed its sweeping Defense authorization early Thursday morning, authorizing $638 billion in defense spending.

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I REALLY do NOT think there is gonna be Immigration Reform…

The House Republican Conservatives have let it be known they will NOT vote for a comprehensive Bill…Preferring to have piecemeal bills that they can chew to death….

Where does that put us?

Right where we’ve been all along….

Nowhere….

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2013 is looking more like 1999…

Republicans, after fighting Obama’s economic policies for four years, may have no better option than to focus on scandal now that the economy is rebounding.

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Sen Harkin will intro a Bill to change No Child Left Behind tests to assestments….

Mr. Harkin’s bill, which is described in a statement from the committee’s office as an effort to get “the federal government out of the business of ‘micromanaging’ schools,” seeks to address some of the sharpest criticisms of No Child Left Behind. Educators and parents have complained that the law focused too narrowly on standardized tests and prescribed overly stringent consequences for schools that failed to reach benchmarks. The critics say that teachers have subsequently narrowed their curriculums, sapping classrooms of creativity, and that the pressure to keep test scores rising has brought several cheating scandals…..

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The House and President gets ready for a fight on Homeland Security Dept Money Bill…

The White House on Monday issued a broad veto threat against a specific, pending House appropriations bill funding the Department of Homeland Security, declaring the president would reject any individual spending bill without a larger budget framework. It was not so much an attack on the smaller bill as it was a targeted shot across the bow of Republicans who want to force the president to negotiate more spending cuts associated with a debt limit increase.

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Republicans threaten to cut funding to the IRS to get answers…Ok, Who’s gonna collect the Money?

House Appropriations Committee Chairman Hal Rogers (R-Ky.) said his panel may impose conditions on IRS funding, calling the targeting tantamount to a political enemies list that harkens back to “a dark page in our past.”

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The Work – Life Balance in America….Single Mothers Having it all?

The OECD Better Life Index, released last week, feeds the American instinct toward both jingoism and self-deprecation. In housing access and family wealth, it concludes that the U.S. really is the best country in the world. But we rank 28th among advanced nations in the category of “work-life balance,” ninth from the bottom.

This raises a thorny question: If we’re so rich, why are we working so hard that we don’t even have time to cherish the fruits of our productivity?

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Being poor in America…Daily Kos….

A few months ago a friend of mine asked me to tutor her son in Algebra. I had a good rep with her, I got her husband through Calculus in college. She asked me what I would charge and I told her all I needed was a healthy meal……

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Who crosses over from Mexico to the US?

The migrants were almost entirely male (about 94 percent, a bit higher than other surveys have found), and more than half were in their 20s. About 59 percent were low-skilled workers, mainly in agriculture and construction…..

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Another Sequestor adjustment..Weather Bureau will No Longer do fuloughs…

Sequestration is another term for the automatic budget cuts that hit the federal government earlier this year. The cuts have prompted mass furloughs of federal employees.

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In Scott Walkers Wisconsin the state wants to be able check your bank acct and dock it….

A bill that is speeding through the state Legislature would require jobless people to provide more proof that they are seeking work, and make it easier for the state to recover overpayments — including those made because of government errors — by allowing officials to peek into unemployed people’s bank accounts.

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A counter to the just released Good Medicare and Social Security reports from the CBO…

Martin Feldstein, a Harvard Economist , says don’t believe the rosy picture that the just released Congressional Budget Office just released….He says that the increasing number of baby boomers are going tax the system more than a rising economy can cover…..

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