Tag: economy

May 06

Bureau of Labor Reports 244,000 Jobs Added in April


THE EMPLOYMENT SITUATION — APRIL 2011 Nonfarm payroll employment rose by 244,000 in April, and the unemployment rate edged up to 9.0 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in several service-providing industries, manufacturing, and mining. Household Survey Data The number of unemployed persons, at 13.7 million, changed little in …

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Apr 24

National Commission on Fiscal Responsibility and Reform Report


President Obama created the bipartisan National Commission on Fiscal Responsibility and Reform to address our nation’s fiscal challenges. The Commission is charged with identifying policies to improve the fiscal situation in the medium term and to achieve fiscal sustainability over the long run. Specifically, the Commission shall propose recommendations designed to balance the budget, excluding …

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Apr 14

Obama’s Debt Plan Sets Stage for Long Battle Over Spending

barack obama

WASHINGTON — President Obama made the case Wednesday for slowing the rapid growth of the national debt while retaining core Democratic values, proposing a mix of long-term spending cuts, tax increases and changes to social welfare programs as his opening position in a fierce partisan budget battle over the nation’s fiscal challenges. After spending months …

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Apr 09

Great Debates: Did FDR end the Great Depression?


If you read your high school text book the answer to whether or not Franklin D. Roosevelt ended the Great Depression isn’t a question, it is stated fact.   But long held beliefs by some Republicans, especially today, say that Roosevelt did not end the Depression.   Who is right? The Great Depression originated in …

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Apr 02

230,000 Private-Sector Jobs Added in March

2011 jobs report graph

The economy gained 216,000 jobs in the month of March.   The unemployment rate edge down to 8.8%, the lowest level since March 2009. The private sector added a total of 230,000 jobs, while local governments cut another 14,000 jobs. This brings the total net job gain for 2010 to 477,000. Source: Bureau of Labor …

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Apr 02

Great Debates: Does Lowering Taxes Increase Revenue?


Election after election the same proposals are put up by the Conservatives: Lower Taxes. It is an easy sell to most. What is better than lower taxes? But wait, there’s more. Many Conservatives claim is that not only will they lower your income taxes, but the government’s revenues will go up. Let me repeat. Lower …

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