Inflation Grips the U.S. as Consumer Prices Soar
So you believe you’re getting less bang for the buck? It’s not your imagination! The prices of food, gasoline, and electricity continued to soar as the Consumer Price Index (CPI) posted their sharpest increase in 15 months.
Inflation Alert: Meats, Poultry, Fish and Eggs Skyrocket to All-Time Highs
The U.S. economy continues to struggle as prices continue to soar. In the latest data provided by the Bureau of Labor Statistics the seasonally adjusted price index has skyrocketed 7.7 percent for meats, poultry, fish and eggs over the past year.
Federal Student Loan Debt Up 517% in 5 Years
Since President Barack Obama took office in January 2009, the outstanding balance on federal direct student loans has gone from $119 billion in 2009 to a staggering $739 billion, or an increase of 517.4 percent.
Feds Take in Record $1.9T in Revenue, Gov’t Still Runs $436B deficit
Despite record federal tax revenues of $1.9 trillion, the federal government still managed to run a deficit of $436 billion through the first eight months of the fiscal year, according to the U.S. Treasury.
As U.S. Factories Close, Income Gap Widens
The downfall of manufacturing in the U.S. has done more than displace workers and leave communities searching for ways to rebuild devastated economies. In Reading and other American factory towns, manufacturing’s decline is a key factor in the widening income gap between the rich and everyone else, as people have been forced into far lower-paying work.
Featured
