"Renaissance Thinking About the Issues of Our Day"
We’re going broke!
Or so the guys on Wall Street want you to think.
As debt-limit talks stall - the economy hit a wall. Economic growth in the second quarter of this year was less than expected – only 1.3%. Not only that – first quarter economic growth was revised downward showing that our economy grew by less than a half-point at the beginning of the year – just .4%. The reason why our economy stalled is consumer spending which only grew by .1% - the slowest growth rate in two years
Want to reboot the economy?
Hour One: Thanks to Ronald Reagan, we are all peasants now
Speaker of the House John Boehner probably had a few more cocktails and cigarettes than normal last night – it was a rough Tuesday for him. One day after a source at Standard and Poor’s credit rating agency warned that passing Boehner’s short-term debt-limit plan will still lead to a United States credit downgrade – the Congressional Budget Office piled on even more bad news. According to the CBO – the plan that Speaker Bo
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