The executive and legislative branches establish spending. How is not their fault?
Top'o'the morning, future trades have indexes down and metals up after yesterday's mixed but heavier trade. More uncertainty? I'm not sure...
Asian stocks boosted by China trade, Yellen stance Economic Times - 3 hours ago SEOUL: Asian stock markets were mostly higher Thursday after China's trade improved and Federal Reserve Chair Janet Yellen vowed low interest rates would continue until the US job market is healthy.U.S. cash home purchases surging as rates rise Cash is keeping residential sales trudging along. All-cash home purchases surged to a record 43% of U.S. deals in the first quarter, more than double the share a year ago.
Ahead of the Bell: US Unemployment BenefitsAP - 2 hrs 4 mins ago WASHINGTON (AP) The U.S. Labor Department reports on the number of people who applied for unemployment benefits last week. The report will be released at 8:30 a.m. Eastern time Thursday. (full story)
Obama taps tech world for cash amid privacy debate By JIM KUHNHENN - AP - Thu May 08, 2:32AM CDT LOS ANGELES (AP) They come from different worlds the buttoned-down political culture of Washington and the entrepreneurial, socks-optional, let's-do-this-faster ethos of Silicon Valley. (full story)
Fear of economic blow as births drop around world By BERNARD CONDON - AP - Wed May 07, 11:02PM CDT NEW YORK (AP) Nancy Strumwasser, a high school teacher from Mountain Lakes, New Jersey, always thought she'd have two children. But the layoffs that swept over the U.S. economy around the time her son was born six years ago helped change her mind. Though she and her husband, a market researcher, managed to keep their jobs, she fears they won't be so fortunate next time. (full story)
Actually, the house by itself could stop spending today if it wanted, and they'd do it if the American people as a mass clearly told their reps that spending cuts were required for reelection. What we got is the house will do whatever the president wants because they sincerely believe it's what the public wants.
It's so much easier to blame our helplessness on others but we ourselves need to do what no one else can do. My rep knows my vote depends on spending cuts. My current project is figuring out how to explain to those around me that they must do the same or we all face the consequenses.