According to Pew Research, this year the Millennial generation (ages 18 to 34 in 2015) is projected to surpass the Baby Boom generation (ages 51 to 69) as the nation’s largest living generation — with 75.3 million Millennials vs. 74.9 million Boomers. The Gen X population (ages 35 to 50 in 2015) is also projected to outnumber the Boomers by 2028. Where will Social Security be for them when they retire?
How many of us have tuned out the never ending Tea Party crazy rhetorical drum beat blasting Obamacare? With people whose only purpose in life is to shaft the middle class and poor, as a result, such folk have lost all credibility with most of America and thus tune them out we do. Over and over again we see the Republican agenda is clearly to stiff Americans on benefits they have earned, such as social security and Medicare.
When Obama nominated current White House chief of staff and former Office of Management and Budget Director Jack Lew for Treasury Secretary all the main stream press could talk about was his loopy signature.
Food stamp usage has soared to a new record high of 47,102,780. As of August 2012, 1 in 6.7 people are on food stamps in the United States. That's 15.0% of people living in America are on food assistance. The United States population in middle of August 2012 was 314,484,000 and this figure includes everyone, including Americans overseas. Food stamp usage increased 2.9% from August 2011 and 0.9% from July 2012.
Since October 2007, food stamp usage has increased 74.4%. Population has increased 3.9% during the same time period. That is how badly America is hurting.
The CBO has issued a new report on what all of those automatic budget cuts are gonna do in 2013. They will cause a recession.
Growth in real (inflation-adjusted) GDP in calendar year 2013 will be just 0.5 percent, CBO expects—with the economy projected to contract at an annual rate of 1.3 percent in the first half of the year and expand at an annual rate of 2.3 percent in the second half. Given the pattern of past recessions as identified by the National Bureau of Economic Research, such a contraction in output in the first half of 2013 would probably be judged to be a recession.
What the CBO is referring to is the fiscal cliff. Remember when the budget crisis happened, resulting in the United States losing it's AAA credit rating? Then, Congress and this administration just punted, didn't compromise, or better yet, base recommendations on actual economic theory, and allowed automatic spending cuts of $1.2 trillion across the board, to take place instead. These budget cuts will be dramatic and happen in 2012 and 2013.
Last week the CBO released their report, The Budget and Economic Outlook: Fiscal Years 2012 to 2022. Deficits everywhere, high unemployment, lackluster economic growth and one very scary year, 2013. Below are the CBO economic forecasts.
With the New Hampshire primary coming round tomorrow, we're finally seeing a few solid articles worth reading. Some Journalists are digging deep into a few Republican candidates' background and economic philosophies. We pulled up a few articles worth your eyeballs to read in a sea of spin, polls and gotchas.
When Obama nominated current White House chief of staff and former Office of Management and Budget Director 
The CBO has issued a 
It's Friday Night! Party Time! Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!
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