Signs are pointing to us entering the dreaded double-dip recession: Friday’s news on GDP shows the double dip has arrived — an expansion of only 1.3 percent and consumer spending up 0.1 percent in the second quarter. Astonishingly low by any account. The debt ceiling trouble and lack of a longer term resolution to the […]
Debt Commission Flop
Today is the day that the President’s Debt Commission is supposed to vote on the final recommendations, which includes such things as: Raising the retirement age to 69 Increase taxes by up to $1,700 a year for the average tax payer 15% budget decrease for Congress and the White House 3 year pay freeze for […]