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Earlier today, Automatic Data Processing (ADP) released a report indicating that the economy gained a total of 55,000 private sector jobs in May. That number fell short of expectations. Most economists predicted an increase of 60,000 new private sector jobs for the month.May marks the fourth consecutive month that employment has risen, but the upturn has been modest. The economy has been addin
In a new paper, 2015: Downgrade Day—Averting Europe’s Fate, Joint Economic Committee (JEC) Republicans explain why America faces a possible Greece-style debt crisis within five years and the steps that can be taken to avoid it. The
Here's a funny story from Spain. So an economist walks into a bar.... and says that if the government tried to make a green economy that would fail. And everyone thought that was silly. And it turned out the economist was totally right.
See? It's funny because it's true. And it's kind of what we've all been saying all along.
Investors Business Daily brings us this tale of imaginary jobs, wasted money, and bad economies:
New Jersey Governor Chris Christie sets an example for the rest of the nation
On Tuesday, it was revealed that an unexpected drop in tax revenues for New Jersey would leave the state short $402 million this year and $365 million next year. This near $800 million budget hole has raised serious concerns among those living in the Garden State. But, rather than give in to the temptations of political laziness by placing burdensome new taxes on the state's highest earners, Governor Chris Christie (R-NJ) was able to fill the hole without raising taxes. http://wcbstv.com/politics/chris.christie.new.2.17
In an unusually interesting article considering the source, USA Today reported yesterday that "Private pay shrinks to historic lows as gov't payouts rise". Quoting from the article: • Private wages. A record-low 41.9% of the nation's personal income came from private wages and salaries in the first quarter, down from 44.6% when the recession began in December 2007.
The federal government grows while the private sector withers
As I noted back in March, Americans are more dependent on the federal government than ever before:For the first time since the Great Depression, Americans are receiving more money in government aid than they are paying in taxes.Well, according to analysis found in this morning's http://www.usatoday.com/?loc=interstitialskip
This is a quick reminder to tell you that today is our Day of Action to stop the EPA power grab and support the Murkowski Resolution of Disapproval. Your senators need to hear from you TODAY.We have all worked too hard over the past months to let this go down without a serious fight. Please visit and call your senators' district offices - and urge your friends to do so as well.
Thank you for helping to support the Murkowski Resolution of Disapproval - a resolution that would stop the Environmental Protection Agency (EPA) from pursuing its backdoor cap and trade schemes. Your help - sending emails, making phone calls - on behalf of the resolution has brought the roster of bipartisan cosponsoring Senators up to 41. Now, we're asking you to take action again to push the Murkowski Resolution across the finish line.That's why we're declaring Tuesday, May 25 a Day of Action to Stop the EPA.
The stock market made an attempt to stabilize at lower levels during the middle of this afternoon but was crushed, with the Dow Jones Industrial Average falling about 180 points in the last hour for a total fall of about 375 points on the day following news that disappointment-in-chief Senator Scott Brown changed his cloture vote on the Democrats' financial regulation bill, giving Harry Reid the 60th vote he needed to bring the measure up for a final vote, most likely in the next couple of days.
Help Stop Government Telecom Power Grab in Tennessee
State legislators in Tennessee are getting ready to vote on the so-called Omnibus Technical Corrections Bill, Amendment SB 3880/HB 3796, in just a few days. Far more than a "correction," this is a massive, complicated plan to use taxpayer funds to expand government's reach over telecommunications by expanding Government Owned Networks.