The U.S. economy is suffering under crippling deficits, massive debt, and record unemployment. The country needs fresh ideas, novel solutions, and unorthodox measures to stimulate job growth, pay down debt, and balance its budget. Independents will be watching for policy proposals and candidates, who think outside the box, can make the tough decisions, and challenge the status quo when it comes to leading the economy out of a recession. This section will cover breaking news and developments related to the economic health of the country, states and individual citizens.
As those on the Left have recently attempted to craft yet another meme to diminish the relevance of the Tea Party movement, a Rasmussen Poll showed that a majority of voters don’t subscribe to the notion that the movement is comprised of economic terrorists.
Central Falls, a densely populated and impoverished city of nearly 20,000 in Rhode Island, filed for Chapter 9 bankruptcy on August 1, citing unaffordable pension and retiree health care liabilities.
Nearly every report about America’s political climate declares that we are in a national state of gridlock. I beg to differ. California may well be in gridlock, where the two parties stand with their feet mired in concrete and merely sway back and forth without giving any ground. But on the national level, only one side has remained in a fixed position throughout the past few
U.S. Secretary of Agriculture Tom Vilsack has announced several biofuel projects for Pacific states that he says will eventually create thousands of jobs and break the nation’s dependence on foreign oil.
Research shows that almost half of all Arizona mortgages were “underwater” by the end of the first fiscal quarter of 2011. Only Nevada, at 63 percent, had a higher rate.
Most Americans agree that we’ve got a financial problem in this country, although we’re not all in accord about what kind of a problem it is – deficit spending or low economic growth. Politicians like to provide answers with nicely packaged talking points that work a bit like fast food – momentarily satisfying, but hardly nutritious. Political talking points often fudge the facts –
Sacramento’s impotence in the face of national e-tailers such as eBay and Amazon, and Washington’s in the face of the Tea Party, is a Tale of Two Cities for the 21st Century.
