34

the US has more government workers than goods-producing work

http://hotair.com

This comes from Business Insider, and it provides a natural follow-up to my post from last week as to why public-sector workers are more optimistic than private-sector employees. For the first time, the US has more government workers than goods-producing workers:

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garrettjreed's picture
Created by garrettjreed 9 weeks 6 days ago – Made popular 9 weeks 6 days ago
Category: Economics   Tags:
9

The Obama administration $75bn program to protect homeowners-FAILED

http://www.nytimes.com

The Obama administration’s $75 billion program to protect homeowners from foreclosure has been widely pronounced a disappointment, and some economists and real estate experts now contend it has done more harm than good.

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getonid's picture
Created by getonid 10 weeks 4 days ago – Made popular 10 weeks 3 days ago
Category: Economics   Tags:
6

Obama's wars PLUS socialism = 3x bigger deficit

http://www.economist.com

"Bad as the deficit was under Mr Bush, it will more than triple this year, from $459 billion in 2008 to $1.845 trillion
[...]
Meanwhile, the long-term fiscal outlook grows ever grimmer. Americans are getting older. The government’s unfunded obligations to give them pensions and health care are equivalent to a debt of $483,000 for every household."

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d_goddard's picture
Created by d_goddard 40 weeks 10 hours ago – Made popular 10 weeks 6 days ago
Category: Economics   Tags:

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