Isn't there some guy running for president right now claiming that he won't be raising taxes on the middle class - anyone making under $250,000 or some number like that?
- U.S. consumers will have to dig deeper into their pockets next year to pay for costlier healthcare, more expensive grocery bills and higher taxes, an extra drag on the country's already slow-moving economy.
The additional outlays look set to test the resilience of consumers, whose spending accounts for around two-thirds of the U.S. economy.
"We think it's going to be a difficult six to nine months," said Scott Hoyt, senior director of consumer economics for Moody's Analytics. "If anything, conditions are likely to get worse, particularly at the start of the year."
Wait a minute...costlier health care? But...but....Obamacare?
Yeah, it's a giant swindle that will add about $10-to-20 trillion dollars to the national debt by 2020. Didn't you read the fine print?
- Chicago-area foreclosures increased by 34 percent in the third quarter, although they dropped in most other metro areas around the country.
RealtyTrac, a home foreclosure tracking firm, said the Chicago area tied with Philadelphia for the third-largest increase in foreclosures among major metro areas. Only New York, with a 69 percent increase, and Tampa, at 49 percent, had bigger jumps in foreclosure activity.
Four more years of this crap?