Remember when we were promised that if we spent $2 billion of money we didn't have all would be well? Let's compare promised to actual: It's also important to keep in mind that this chart does not reflect the millions of people who simply are no longer included in the...
Finance
The Unemployment Farce: Only 42% of People Working
Worst news ever!! The number of Americans whom the U.S. Department of Labor counted as “not in the civilian labor force” in August hit a record high of 88,921,000. ... In July, there were 155,013,000 in the U.S. civilian labor force. In August that dropped to...
Who Pays What Income Taxes?
At the DNC there was a lot of talk about "Everyone has to pay their fair share." That seems to be at introduction into a philosophical discussion about what a particular group should pay. What is everyone's "fair share?" In Tax Year 2009: Top 1% paid 36.73% of the...
IL Pension Hole Analysis
I wrote this a few weeks ago as a comment on a retired teacher's blog. The post there was about how we need to "tax the rich" in order to fund the teachers' pensions. I was asked to comment on the post by a retired teacher I know. Analysis follows: There is no one...