The national debt is at an all-time high of around $16 trillion. That’s scary enough. But it turns out that number is just piercing the surface. If you include all the unfunded federal obligations to Social Security and Medicare it would add up to near $116 trillion!
Photo by 401(K) 2013 Taxes- Americans don’t like taxes very much, but that doesn’t stop them from having to pay them. And there are a lot! There are payroll taxes, income taxes, property taxes, car taxes, sales taxes, luxury taxes, inheritance taxes, gift taxes, and more! When Americans buy a product at a store, they…
Midterm elections are fast approaching. Here’s what makes midterms unique and what you can expect to see as November nears. 1. Low Turnout Voter turnout during non-presidential election years is traditionally low. The presidential election usually brings out between 55-65% of registered voters. Midterms, however, generally see only 40% of registered voters. This is not…
1. Korea Once a united peninsula and people, the Koreans were split apart by the polarizing effects of Communism which were imported from the Bolshevik Revolution in Russia. After World War II ended, the Soviet Army advanced into Korea and left troops in the North. Kim Il-Sung, considered to be the first Korean Communist, began to…
Photo by agrilifetoday 1. Your taxes will go up drastically We often hear about Scandinavian countries as some kind of a model of health care distribution. Let’s look at the example of Norway. The average Norwegian household pays roughly $70,000 per year in tax. The vast majority of taxes go toward financing the country’s health…
No. I do not hate “poor people”. I’ve been one. It was not much fun. Ramen noodles and stolen cable is no way to live. I am not a huge fan of being poor but I do not hate poor people. That being said, I do despise the minimum wage. Here are ten reasons why:…
Bailout? More like throwing money into sinking ships Repayments from institutions which received federal funds during the bailouts of 2008 and 2009 have lessened the total of the programs cost to taxpayers. In total the federal government injected cash into more than 700 institutions. While proponents of central planning point to the repayments as success, it’s…