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Obama Offers Tax, Benefits Concessions

President Barack Obama has agreed to curtail future cost-of-living hikes for Social Security and softened his demand for higher taxes on the rich in talks to avoid the ‘‘fiscal cliff,’’ people familiar with the talks said.
New cars are seen at a parking lot of Changan Ford Mazda Automobile Co. Ltd, Ford Motor's joint venture in China, in Chongqing Municipality

Shame On Us, America

In one of our most recent presidential debates, the candidates argued over why it's in the best of interest of the United States to support the idea that cars destined to be sold in China need to be built in China.
The U.S. 2012 fiscal year budget is unveiled in Washington

US National Debt - 5 Times Greater Than The Government Admits

The IOU that is being laid on the doorsteps of U.S. taxpayers in the form of the national debt is far greater than most Americans realize. That's because the federal government does not report the true size of the national debt -- now nearly $80 trillion.

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