While high unemployment persists and the U.S. economy remains stubbornly flat, Washington, D.C. now hails as the nation’s wealthiest metropolitan area, according to new data from the Census Bureau. Dethroning Silicon Valley from its royal chair, the hometown of Congress and the White House is flourishing, as the median household income for Washington residents stood at $84,523 in 2010, when the nation’s average household income was $50,046. The data shows that San Jose, home of Apple and Cisco Systems, held an average income of $83,944 in 2010, falling from $84,483 in 2009, and now riding on the coattails of America’s political stronghold.
Former President Bill Clinton says Obama’s approach to taming the federal deficit "is a little confusing" and suggests that raising taxes would blockade any efforts to revive the stale U.S. economy. During an interview with Newsmax CEO Christopher Ruddy in New York, where Clinton held the 10th annual meeting of the Clinton Global Initiative, the former President discussed political topics such as climate change, tax policy, and government regulations. He also mentioned the possibility of his wife, Hillary, running for President in 2016, naming her "the ablest person in my generation."
Released on Tuesday, the Census Bureau’s annual report flashed a dismal economic outlook, showing that U.S. poverty has exceeded 46 million people — nearly 1 in 6 Americans — and the number without health insurance spiking from 49 million to almost 50 million. As unemployment continues to hover around 9 percent, many Americans are financially exhausted, as the overall poverty rate reached 15.1 percent, up from the 14.3 percent recorded the previous year. The number of Americans now below the poverty line is the highest number recorded since 1959, when the Census first started analyzing such data.
President Obama sent a letter to House Speaker John Boehner (R-Ohio) Tuesday detailing seven new regulations that would each cost the U.S. economy more than $1 billion annually. With regulatory costs for American businesses of at least $38 billion per year and compliance costs of $100 billion per year, the seven proposed regulations would target transportation and the environment.
The state of Nevada was the fortunate recipient of a $490,000 federal grant to grow trees and plants — and of course, to "stimulate" the state’s economy. The only problem is the stimulus spawned a whopping 1.72 permanent jobs. In 2009, the U.S. Forest Service awarded the federal money to Nevada’s Clark County Urban Forestry Revitalization Project with the intent of enlivening urban areas of the county with trees and plants, and of providing green-industry training.
While the private-sector is drowning under a perpetual recessionary storm, U.S. regulatory agencies are flourishing. "If the federal government’s regulatory operation were a business, it would be one of the 50 biggest in the country in terms of revenues, and the third largest in terms of employees, with more people working for it than McDonald’s, Ford, Disney and Boeing combined," writes John Merline of Investors.com.
Congress will soon be consummating its most underactive session in recent decades, as both chambers of the legislature will have passed a meager number of bills compared with other non-election years. As debates over tax policy and government spending heat up Congress, Washington’s seemingly hyperactive legislative hearings are in fact rather fruitless, and many critics have taken the small amount of legislation as indicative of the federal government's waning degree of power.
While Congress abides in gridlock, as Republicans and Democrats debate tax policy, and the SuperCommittee admits failure over deciding how to tame the mounting federal deficit, the fight against American liberty remains a bipartisan war. Conservative and liberal elites seem to share a common theme: The American people are too free for their own good.
President Obama’s efforts to tighten the leash on U.S. immigration enforcement have caused a sharp drop in the number of deportations, according to a report by the Syracuse University Transactional Records Access Clearinghouse. In the last three months of 2011, following the administration’s directive to curb deportations of illegal immigrants without criminal records or who came to the United States as a child or student (among other discretionary factors), deportations have plummeted.
Over half of U.S. immigration officials believe the White House focuses more heavily on promoting immigration than improving national security, according to a 2011 survey directed by the Department of Homeland Security (DHS). The DHS Inspector General (IG) audit, which was administered between January and May 2011, submitted an online survey to a random selection of Immigration Services Officers (ISOs) in all 26 U.S. Citizenship and Immigration Services (USCIS) districts across the United States.