WASHINGTON (AP) — The American dream of homeownership has felt its biggest drop since the Great Depression, according to new 2010 census figures released Thursday.
The analysis by the Census Bureau found the homeownership rate fell to 65.1 percent last year. While that level remains the second highest decennial rate, analysts say the U.S. may never return to its mid-decade housing [...]
September 13, 2011
Former Fed boss Alan Greenspan told a Senate panel “tax reform” will be required to fix the economic problems besieging the economy.
“There is no credible scenario of addressing our current fiscal problems without inflicting economic pain,” he said in a prepared statement. “We have been procrastinating far too long in coming to grips with the retirement of the baby-boomer generation, a fiscal problem [...]
WASHINGTON – President Obama banked a six-figure savings when he agreed to extend the Bush-era tax cuts last year, as he hauled in $1.73 million, the first family’s tax returns show.
Obama continued to earn big bucks last year, mainly through book royalties, according to tax returns released by the White House yesterday.
“I don’t need another tax cut,” Obama said last week.
But he sure got one. According to [...]
Just like the British in the late 1700s, mother England wanted to maintain control. Americans protested a tea tax. But the Boston Tea Party, throwing the tea into Boston harbor, wasn’t enough to rally Americans against the British. George Washington falteringly opposed the British with a small force against more than 30,000 British troops.
It wasn’t till the British burnt down American homes that homeless American women sewed uniforms for their [...]