By Jeannine Aversa,AP
With companies in no mood to hire,the unemployment rate jumped to 9.4 percent in May,the highest in more than 25 years. But the pace of layoffs eased,with employers cutting 345,000 jobs,the fewest since September.
By Terence P. Jeffrey,CNSNEWS
President Obama posed as a fiscal conservative Monday when he hosted a “fiscal responsibility summit.”
Close inspection reveals that what he is actually proposing,however,is a massive increase in government debt—thus raising the [...]
By Peter Ferrara,American Spectator
The entire U.S. GDP is roughly $14 trillion. The government currently spends roughly $3.5 trillion of that. In his stimulus plan,Obama proposes effectively to borrow another $1 trillion from the private economy to add to $1 trillion in still further government spending.
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