There is no labor problem in the public sector in the US. Public sector jobs increased between December 2007 to last February. A time when the private sector shed 8.8 million jobs. Governments now employ 22 million workers while the private sector is five times as large. But, in states like New Jersey, pubic jobs Read the full article…
Meredith Whitney, A Wall Street wizard who called the banking crisis early, is expecting 50-100 municipal defaults in the near future. Ms. Whitney says states won’t default, but more cities will. They will have to choose between paying the bondholder and paying the police and firemen. The built-in escalators in their contracts will more than Read the full article…
What drama we have coming out of Washington these days. Speaker Boehner is in a sweat. He just can’t find it in his heart to abide by the promise to cut $100 billion, reduced to $61 billion(because part of the budget year is gone), now cut to $30 billion. His allies are the Democrats, he Read the full article…
