Economics - The New American

Social Security to Run Out of Money Sooner Than Estimated

The latest report on the financial condition of Social Security from the Congressional Budget Office hides an important fact: the Disability Insurance program...

Bob Adelmann February 8, 2013

Capital Appreciation Bonds: Delaying the Inevitable

Bob Adelmann February 5, 2013

Capital appreciation bonds, when combined with economic ignorance and political expediency, make up a toxic brew that is likely to explode long before...

Private Enterprise Interrupts Seattle’s Gun Buyback Program

Bob Adelmann February 2, 2013

The great Seattle gun buyback program was essentially worthless in removing "dangerous" weapons from society, but it did serve to teach essential truths...

Obama’s Trillion-Dollar Coin Exposes Federal Reserve Scam

Alex Newman January 16, 2013

Amid an ongoing debate over raising the debt ceiling and Congress’ seeming inability to rein in wild deficit spending, some proponents of even...

Dollar’s Decline Catches Up With U.S. Mint

Bob Adelmann November 29, 2012

The decline in the purchasing power of the dollar has finally caught up with the U.S. Mint, which is planning to remove pennies...

Latest U-Haul Index Shows Californians Leaving for Texas

Bob Adelmann November 23, 2012

One of the best indicators of a state’s economic health, according to John Merline, writing in Investor’s Business Daily, is the “U-Haul Index”...

Reduction in Social Security Payroll Taxes Due to Expire

Raven Clabough October 23, 2012

In 2010, the U.S. Congress cut the Social Security payroll tax from 6.2 percent to 4.2 percent for 2011 as part of a compromise...

Another Large Co. May Shrink or Close Due to ObamaCare, Higher Taxes

Bob Adelmann October 10, 2012

After 42 years of building an immense real estate and time share company, with 7,000 employees and revenues of $1 billion, its owner...

2nd Quarter Growth Slower Than Thought (GDP 1.3% Growth)

Thomas R. Eddlem September 28, 2012

The U.S. economy grew slower than previously reported during the second quarter of the year, according to the U.S. Bureau of Economic Analysis...

Is the Fiscal Cliff “Taxmageddon,” or Too Little, Too Late?

Thomas R. Eddlem September 26, 2012

The anti-tax foundation Americans for Tax Reform has labeled the end of the Bush-era tax cuts that are scheduled to expire at the...

Business Economists Want Higher Taxes, Spending Cuts

Brian Koenig September 24, 2012

To hurdle the federal government’s looming “fiscal cliff,” Congress and the president must enact a combination of higher taxes and spending cuts, says...