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Entitlements

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Economy Added 146K Jobs In November; Unemployment Falls To 7.7%

via Vicki Needham, The Hill The economy added 146,000 jobs in November while the unemployment rate fell to 7.7 percent. It’s the lowest the jobless rate has been since December 2008, and the report from the Bureau of Labor Statistics was higher than estimates that had predicted Hurricane Sandy would hold total job growth down. … Continue reading

Congresswoman Nancy Pelosi Will Remain House Minority Leader

via Paul Kane, The Washington Post House Minority Leader Nancy Pelosi (D-Calif.) will remain atop the Democratic caucus for at least two more years, extending her role as Congress’s most vocal liberal voice opposing the Republican agenda despite a second straight election in which her party failed to win back the majority. She said she … Continue reading

End-Of-Term Report: Obama’s Record Is Better Than The Woes Of America’s Economy Suggests

via The Economist Not since 1933 had an American president taken the oath of office in an economic climate as grim as it was when Barack Obama put his left hand on the Bible in January 2009. The banking system was near collapse, two big car manufacturers were sliding towards bankruptcy; and employment, the housing … Continue reading

Battle Looms Over What ‘Defense’ Means For Automatic Cuts If Supercommittee Fails

via Jeremy Herb and John T. Bennett, The Hill A supercommittee failure would trigger at least $500 billion in cuts to national security spending, but there is no consensus on just where they will be made. Lawmakers included the automatic cuts in the debt ceiling deal as an incentive to get Congress to agree to … Continue reading

Return Of The Big GOP Medicare Lie

The participant’s in last night’s GOP presidential debate once again took the opportunity to pretend that the Affordable Care Act (“Obamacare”) put a massive dent in Medicare by cutting $500 billion from the program. Michele Bachmann told us that “We know that President Obama stole over $500 billion out of Medicare to switch it over to Obamacare.” … Continue reading

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