Millennials are revolutionizing the economy, introducing new ways of doing business into the market, which is helping the unemployed and underemployed pay their bills. But despite their contribution, millennials are also drowning in debt — failing to pay off their student and auto loans. Despite this reality, if you ask millennials today whether they’ll ever…
by Kody Fairfield Republican Senator from Kentucky Rand Paul has come out swinging at the “use it or lose it” philosophy on government spending in a conversation with The Daily Caller News Foundation. Paul argued that the government should encourage fiscal responsibility in its agencies by spending less in federal dollars, instead of championing frivolous spending for…
by Juliegrace Brufke The federal deficit will be a whopping $56 billion more than initially anticipated, coming in at $590 billion by the end of the 2016 fiscal year. The Congressional Budget Office (CBO) largely attributed the increase from January’s forecast in its Tuesday report to a decline in personal and corporate tax receipts. The increase will make 2016 the…
Burlington College is Going Under Because of Jane Sanders’ Debt Burlington College announced on May 16th that it will be closing by the end of next week. The primary reason for it’s closure was “the crushing weight of the debt” racked up by wife of Bernie Sanders, Jane O’Meara Sanders, during her time as president…
By Lee Enochs There is a “smoking gun” in Gary Johnson’s Presidential Campaign and it is his massive campaign debt… This is a matter of central importance to Libertarians who advocate free market capitalism, financial prudence, and have concern about America’s staggering national debt. Former Congressman and 1988 Libertarian Presidential candidate Ron Paul has spent…
Steve Birr Washington, D.C., is buried in debt after going nearly nine times over budget on snowfall removal and charging half of the payments on city credit cards. Despite allocating just $6.2 million for annual snow cleanup the District spent $55 million in the wake of January’s record setting blizzard. The city hired outside…
By Juliegrace Brufke Puerto Rico defaulted on most of its $422 million debt payment Monday, but will continue its negotiations in an attempt to try and work out a deal. The Government Development Bank (GDB) reached an agreement with several of its creditors just prior to its announcement it wouldn’t pay the majority of what it owes, according…
Blake Neff Chicago’s public schools, already deep in the red, are poised to descend even further after the district solved its immediate financial woes by borrowing over $700 million at ruinously high interest rates. The fiscal calamity is so vast that Chicago’s public schools (CPS) are even more distressed than Puerto Rico’s failing government….
Andrew Follett For months, American drivers have enjoyed near historically low gas prices, with the national average dropping to only $1.89 per gallon. Even President Barack Obama sees the benefits of low gas prices, commenting “gas under two bucks a gallon ain’t bad,” in last week’s State of the Union speech. Behind the huge drop in gas prices is an even…
Juliegrace Brufke Senate Democrats introduced legislation Monday that would give Puerto Rico a temporary stay on litigation while Congress figures out a plan to address the island’s debt crisis. The island owes over $70 billion in public debt with a $950 million payment due Jan. 1, which Puerto Rico Gov. Alejandro Garcia Padilla has said it may…