Thursday, January 30, 2014 6:44:50 AM
Senator Obama.....Increasing Americaâ€™s debt weakens us domestically and internationally. Leadership means that â€œthe buck stops here.â€ Instead, Washington is shifting the burden of bad choices today onto the backs of our children... America has a debt problem and a failure of leadership. Americans deserve better.
What is it now...7 or 8 trillion more under PBO? Yeah but things aren't terrible. Real unemployment through the roof but things aren`t terrible.
Everybody in Washington is responsible for this shambles.
Thursday, January 30, 2014 3:20:09 AM
My house value is up $75,000. My income is up $35,000 a year. My mortgage rate is down 1.6%. My business has added 3 employees. My business revenue is up 80%. My 401k is up 30%. My other stocks are up almost 80%. My cousin is no longer in Iraq.
"A dismal labor market, labor force participation."
America has a difficult problem with the labor market.
In the 40s, 50s, 60s, and 70s you could work hard at a job that didn't require additional schooling and make enough to live your life, raise your family, own a home. People had careers. Those jobs were in the manufacturing sector. Manufacturing went away.
Now those jobs are in retail, service, and restaurants and they don`t pay enough to live on.
So we`ve created a whole class of working poor, a problem, not only for them, but for the whole country. These people don`t pay taxes, they require government assistance to survive, and they don`t have enough disposable income to provide any stimulation to the economy.