Government debt

Americans really despise their government

Americans really despise their government

Americans enter 2014 with a profoundly negative view of their government, expressing little hope that elected officials can or will solve the nation’s biggest problems, a new poll finds. Half say America’s system of democracy needs either “a lot of changes” or a complete overhaul, according to the poll conducted by the AP-NORC Center for […]

Obama’s tax, jobs bill strikes out in Senate

Obama’s tax, jobs bill strikes out in Senate

A Democratic bill to extend jobless benefits and raise taxes on investment fund managers failed a key vote in the Senate on Thursday, dealing a blow to President Barack Obama’s push to boost the economy. The bill would have extended popular business tax breaks, stopped a 21 percent Medicare pay cut for doctors treating elderly […]

Cashing in Uncle Sam’s IOUs

Cashing in Uncle Sam’s IOUs

The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government, payable to the Social Security Administration. It’s time to start cashing them in. For more than two decades, Social Security collected more money in payroll taxes than it […]