It seems in Washington your position shifts based on whether or not your party controls the White House. For 8 years we heard from Republicans about the dangers of ignoring the runaway deficits and the impact our national debt will have on future growth and future generations. Now they have
One of the common themes from the bullish analysts continues to be, “household balance sheets are much more healthy than they were at the start of the financial crisis.” The data these analysts are using relates only to mortgage debt and the amount of money each month used
During the Presidential campaign last year we heard a lot about the economic recovery. One side said it was the best recovery of all time, the other said it was the worst. (For more see my 1st Quarter Economic Update) Thee is one data point I don’t think
Back in 2011 I marked the 30th anniversary of the day President Reagan was shot with a look at the impact he had on our economy. While he was a great president in many ways, the DATA shows his policies ushered in a “new era” where debt was
$741,198 spent for every 1 job added.
Assuming those jobs paid the average hourly wage of $25.69 and each worker worked the average 34.5 hours per week, the average annual income would by $46,088.
Not counting interest payments on the debt used to generate
