Archive | Economy
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Editorial: Preserve legal aid for poor
In the current budget debate, there's one demographic that may suffer more than the rest of us: the poor.
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Column: Americans must seek new financial reform examples
In the wake of the 2008 financial crisis, lawmakers and pundits have been stressing the need of the American people to make great “sacrifices.” With the country quickly approaching the debt ceiling, the talks have been growing more serious and the proposals more drastic.
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Column: Spanish and Italian debt woes could be trouble for US
Like a stack of debt-laden dominoes in a Rube Goldberg machine, European countries have been failing in the wake of the late 2000s economic recession. Recently, Italy and Spain announced their dirty debt woes to the global economy, and it could affect the U.S. markets.
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Column: Raising taxes on rich will not help economy
The political rhetoric that the United States and Democratic Party presents is unacceptable. President Obama stated in recent debt/budget talks that the rich can afford to pay a little more and that the rich should pay their "fair share.
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‘A night of deep sorrow’ as Minnesota government shuts down
The largest government shutdown in Minnesota history began at 12 a.m. on the hour Friday. Despite more than a week of budget negotiations behind closed doors and signs of progress as late as Thursday afternoon, DFL Gov.
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Editorial: Debt ceiling should be abolished
A battle is raging in Washington, D.C. over raising the debt ceiling, which the U.S. hit May 16. One side says that reaching the ceiling is a failure in leadership and demands massive spending cuts with no tax increases to help balance the budget.
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Column: Politicians destroying our economy
Last week, the Congressional Budget Office (CBO) released its 2011 Long-Term Budget Outlook. The CBO's forecast of America's economic future ranges from bleak to nightmarish, depending on your level of optimism; the CBO's word is "daunting.
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California State U. cut by $650 million, tuition increase likely
The Cal State U. will face a $650 million cut in state support if Gov. Jerry Brown signs a budget approved by the Legislature late Monday night — something he expected to do before the new budget year starts Friday.
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Column: Obama’s plan to leave Afghanistan not enough
In a televised speech to the nation, President Barack Obama announced last week that he will slowly begin to remove American troops from Afghanistan. Ten thousand troops will come home by the end of the year, and 33,000 will be home by summer 2012.