In the last four years, the government’s tax cuts and increased spending have caused a disappearing budget surplus and a prevailing budget deficit. Now, the public debt is equal to 64.7 percent of the United States’ gross domestic product. Are we spending too much for our own good?
Federal deficit (2005): $427 billion
Total government expenditures (2005): $2.466 trillionNews | January 23, 2006
President George W. Bush recently appointed White House counsel Harriet Miers to the open seat on the U.S. Supreme Court. Here are some facts about Miers and her predecessors:News | October 17, 2005
Gas prices rise; school days decrease
Over the last few weeks, gas prices have increased, though the rise slowed with the introduction of millions of barrels of oil from the Strategic Petroleum Reserve and other donor nations. Regardless, communities across the nation are beginning to feel the pressure that higher gas prices are exerting.
These woes have caused some people to think up of ways to save money. According to the Pittsburg...News | October 3, 2005
Pennsylvania proposes minimum wage increase
Two weeks ago, Governor Ed Rendell announced his intention to increase the minimum wage of Pennsylvania by making incremental changes from the current federal level of $5.15. The minimum wage would increase to $6.25 by 2006 and $7.15 by 2007, with later possible increases if the standard of living goes up.
Governor Rendell made the announcement of this new initiative at a rally of labor unions a...News | September 19, 2005