2016: 23 Percent Of Americans In Their Prime Working Years Are Unemployed

Did you know that when you take the number of working-age Americans that are officially unemployed (8.2 million) and add that number to the number of working-age Americans that are considered to be “not in the labor force” (94.3 million), that gives us a grand total of 102.5 million working-age Americans that do not have a job right now?  I have written about this before, but today I want to focus just on Americans that are in their prime working years.  When you look at only Americans that are from age 25 to age 54, 23.2 percent of them are unemployed right now.  The following analysis and chart come from the Weekly Standard… Here’s a chart showing those in that age group currently employed (95.6 million) and those who aren’t (28.9 million): “There are 124.5 million Americans in their prime working years (ages 25–54). Nearly one-quarter of this group—28.9 million […] Read More

2015: 7.5 million Americans paid Obamacare penalty – IRS

2014 was the first year Americans have had to deal with tax credits and penalties pertaining to the Affordable Care Act (ACA). Approximately 7.5 million taxpayers reported paying a total of $1.5 billion in penalties. More Americans paid the penalty for not having healthcare coverage in 2014 than the tax authorities originally estimated, the IRS commissioner confirmed in a letter to members of Congress. The vast majority of US taxpayers had qualifying health coverage. Following “numerous requests” from members of Congress, Internal Revenue Service Commissioner John Koskinen sent out a four-page letter with the data the agency has collected so far, after processing about 135 million out of the estimated 150 million tax returns for 2014. Out of those returns, Koskinen wrote, approximately 7.5 million taxpayers reported a total of $1.5 billion in “individual shared responsibility payments,” as the penalty for not having qualifying health insurance is called under […] Read More

Even The Algos Are Looking Forward To Today’s Early Close

Today’s early close across markets likely means that the blow-off top multiple-expansion mania phase (because forward EPS estimates over the past couple – that means 2 to Janet Yellen fanatics – weeks have in fact declined) of 2014 may be coming to an end. However with already abysmal volumes literally grinding to an early halt at 1:15 pm Eastern today, and with a market as boring as this one, where any news is immediately interpreted as good, not matter how bad it actually is or how “revised” or “goal-seeked“, we may see futures, which already are trading some 4 points above fair value, successfully levitate by another 20 points and hit Goldman’s 2100 year end target – year-end for 2015 that is – one year ahead of time. There has been no macro news in the overnight session to talk about, with Asian markets surging on the back of […] Read More

2014: Obamacare Penalties and Premiums Are Rising: What You Need to Know

Lily Dane Activist Post Oh, yay! The Obamacare website homepage has an exciting announcement for us! Here’s what it says: See plans & prices for 2015! Starting November 15, you can enroll in an affordable health plan that works for you How about…NO. I’d rather not, thanks. Like Daisy Luther of The Organic Prepper, I am NOT going to comply with Obamacare. I’ve said that from the day I first heard about this extortion plan. The mainstream media is alerting us that UH OH!, the second enrollment season is HERE and if you don’t comply like a good citizen, you’ll be facing even BIGGER penalties this time around! From CBS: Americans will see their bank accounts shrink if they don’t sign up for Obamacare in its second enrollment season. Uninsured Americans who decide not to enroll will face a penalty of $325 per person, more than tripling the $95 penalty […] Read More

2014: “Feeding The Homeless” Is A Crime In Increasingly More US Cities

Submitted by Michael Snyder of The Economic Collapse blog, Have you ever given food to a homeless person?  Well, if you do it again in the future it might be a criminal act depending on where you live.  Right now, there are dozens of major U.S. cities that have already passed laws against feeding the homeless.  As you will read about below, in some areas of the country you can actually be fined hundreds of dollars for just trying to give food to a hungry person.  I know that sounds absolutely insane, but this is what America is turning into.  Communities all over the country are attempting to “clean up the streets” by making it virtually illegal to either be homeless or to help those that are homeless.  Instead of spending more money on programs to assist the homeless, local governments are bulldozing tent cities and giving homeless people […] Read More

10 Reasons Why the Tea Party is So Unpopular

One-quarter of Republicans don’t think like them, Pew finds. Now that the federal government has reopened and its debt limit raised, the Tea Party is more unpopular with Americans than ever—including among moderate Republicans—polls are finding, with analysts asking if the Tea Party is part of the GOP at all. “The Tea Party is less popular than ever, with even many Republicans now viewing the movement negatively. Overall, nearly half of the public (49 percent) has an unfavorable opinion of the Tea Party, while 30 percent have a favorable opinion,” the Pew Research Center For People And The Press said in its latest poll and report. “For Republicans, the decline is steepest among those who describe themselves as moderate or liberal. Today, only about a quarter (27 percent) of moderate and liberal Republicans have a favorable opinion of the Tea Party movement, down 19 points from June,” Pew said, […] Read More

2013: Jon Stewart: Republican States Hate Obama More Than They Hate Poverty

Daily Show host slams red states for ‘total dickish-ness’ in turning down federally subsidized Medicaid expansion Jonn Stewart excoriated health-challenged Republican states like Texas and Mississippi on Thursday night’s Daily Show for refusing to take advantage of the Affordable Care Act. The Daily Show host explained how despite the fact that Obamacare’s launch has been marked by glitches and web delays, it was still a well-intentioned attempt to get people health insurance in this country. The federal government had offered to provide state governments with funding to expand the Medicaid problem for three years at no expense, however 26 states declined to go ahead to that extent. Stewart remarked mockingly, “It must be a pretty eclectic group with many different reasons to explain why they would turn down federal money to bring health care to their working poor…or maybe there was just one reason…” He then revealed that in […] Read More