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Deficit Panel’s Plan Fails To Advance To Congress
by Don Azarias
January 7, 2011
In a column I wrote dated September 10, 2010 entitled “Obama, The Democrats And U.S. Debts”, I made mention of the 18-member bi-partisan commission created by President Barack Obama called the National Commission on Fiscal Responsibility and Reform (NCFRR) headed by co-chairmen, Erskine Bowles Continue reading
Pork-Barrel Politics Ending Soon, Earmarkers Rushing In
by Don Azarias
January 1, 2011
With their days in control of the House numbered and a consequently slim majority in the Senate, the Democrats, with a little help from a handful of Republicans, fought tooth and nail to push through the $1.27 trillion omnibus bill larded with pork barrel Continue reading
What Will Decide The 2012 Elections?
by Don Azarias
December 25, 2010
This is always a fact of life in politics not only in the United States but throughout the world: Every time there’s a change of occupants in both, White House and Capitol Hill, those incoming politicians from either major parties always arrive pompously with overblown fanfare that they don’t deserve. Continue reading
Senate Nixes Republican Ban On Pet Projects
by Don Azarias
December 18, 2010
One thing we can say about those congressional lawmakers: They will fight to death just to bring in the “pork barrel” to their home state. Never mind how large the nation’s debts and deficits. And speaking of “pork barrel”, it is a derogatory term used when referring to appropriation of public funds by lawmakers. I will try to explain it in layman’s term in the later part of this article. Continue reading
Unemployment Rate Rises To 9.8 Percent In November
by Don Azarias
December 10, 2010
Just when the American public is starting to think that the economy is starting to turn around, came a surprising setback: The nation’s unemployment rate rose to 9.8 percent in November up from 9.6 percent. Wall Street economists were expecting, at least, 150,000 jobs created for November but, instead, the employers only added 39,000 jobs in the economy. The jobless rate has now topped 9 percent for 19 straight months, the longest stretch on record. Continue reading
Will 2011 Be A GOP Year?
by Don Azarias
December 3, 2010
The midterm elections are finally over with one message from voters: Change. The former out-of-power Republicans have now traded places with the former party-in-power Democrats and took control of the House. Continue reading
DJIA Falls Below 11,000 Amidst Asian Inflation And EU Debts
by Don Azarias
November 28, 2010
What goes up must come down or easy come, easy go. That’s the way I would characterize the stock market’s wild ride during the second half of September, 2010 up to November, 2010. Continue reading
Republicans Promise A Smaller Government
by Don Azarias
November 21, 2010
With a sizeable House majority and added seats in the Senate, Republican leaders vowed to roll back the size of government and repeal the unaffordable health care reform law. Republicans scored sweeping victories in the midterm elections to take a commanding majority in the House and make significant gains in the Senate.
Continue reading
No relief in sight: One In Ten Americans Faces Home Foreclosure
by Don Azarias
November 13, 2010
The employment crisis is now putting one in every ten Americans in the threshold of homelessness. Those American homeowners with mortgage are at risk of losing their homes through foreclosure. The jobs crisis is putting more Americans at risk of losing their homes. The great American dream of owning a home has never looked so impossible to achieve. One in 10 households has missed at least one mortgage payment, and more than 2 million homes have been repossessed since the recession began. Few people expect the outlook to improve until companies start to hire steadily again and layoffs ease. Continue reading
Gates Orders Unprecedented Cuts in Pentagon Spending
by Don Azarias
November 6, 2010
In a previous article I wrote dated August 1, 2009, regarding Defense Secretary, Robert Gates, I let it be known that he was a no-nonsense cabinet secretary and would, most likely, be judged by history as the best Defense Secretary of the United States ever. Continue reading