What do the poor look like in America? In this morning’s National Review Online, Robert Rector of the Heritage Foundation reviews census data and concludes it doesn’t exactly square with the picture most liberals like to paint. For example, of poor households in America: 99.6 % have a refrigerator 81.4 % have a microwave 54.5 [...]
Economics Archives
Small Aviation Companies and Manufacturers Worried About Corporate Jet Tax
Manufacturers of corporate jets in North Carolina as well as small companies that maintain them are worried about a replay of the yacht tax in the 90′s:
Seven NC Representatives-Including 2 Democrats-Vote for Cut, Cap, and Balance
As the debt ceiling debate continues, the House of Representatives voted last night for a package of spending cuts and structural reforms known as “Cut, Cap, and Balance”. The measure would raise the debt ceiling only if a balanced budget amendment to the Constitution was passed. The amendment would gradually cap federal spending to roughly 18% [...]
Welcome Back, Carter
President Obama was swept into office in 2008 on promises of “change.” But in reality, his policies offered nothing new, just recycled big-spending Keynesian economics and more politicized control over the lives of individuals. Many folks old enough to remember the 1970′s, however, recognized that much of Obama’s rhetoric sounded eerily similar to a time [...]
Would You Take Financial Advice From This Man?
This N&O article by a Duke professor and former consultant to the International Monetary Fund (IMF) lays out what most of us already know about a potential federal government “default” on its debt. Should the federal government not make good on some of its debt payments, the government’s bond rating will take a hit, forcing up [...]
