Quinn Spends Another $1.5 Billion We Don’t Have

Democratic Gov. Pat Quinn on Thursday signed into law an extra $1.5 billion in spending for road construction and child welfare investigations, even as Republicans decried the measure as including ill-timed, pork barrel money. via Chicago Tribune. What is wrong with...

Wanna See Our Future?

Hundreds of people jostled for free vegetables handed out by farmers in a symbolic protest earlier on Wednesday, trampling one man and prompting an outcry over the growing desperation created by economic crisis. Images of people struggling to seize bags of tomatoes...

What Drives Corporate Profits?

In a heady story over the Business Insider today Joe Weisenthal walks us through an analysis as to why corporate profits are so high right now.  It generally all comes down to this chart: It shows the various drivers and drags on corporate profitability. So for...

The Fiscal Entitlement Cliff

The U.S. Census Bureau says 108 million Americans live in households where at least one person participates in a means-tested program. We estimate that 80 million are the primary recipients…. Since the president took office: • Medicaid is up from 46.9 million to...

400 Richest Americans’ Worth $1.7 Trillion

The net worth of the richest Americans grew by 13 percent in the past year to $1.7 trillion, Forbes magazine said on Wednesday, and a familiar cast of characters once again populated the top of the magazine’s annual list of the U.S. uber-elite, including Bill...