Category: Economics

Invasion: Ken Cuccinelli cites 22 million illegal aliens in the US

President Trump’s top immigration spokesman on Wednesday said that there are potentially 22 million illegal immigrants inside the United States, nearly twice the estimate regularly cited.

Ken Cuccinelli, the acting director of U.S. Citizenship and Immigration Services, which handles the legal immigration process, said the number comes from a study done by the Massachusetts Institute of Technology. That study put the number at 22.1 million.

Target raises wages but reduces hours, leaving many workers wondering how they will pay their bills

Two years ago, Target (TGT) said it would raise its minimum wage to $15 an hour by the end of 2020. The move won praise from labor advocates and put pressure on other companies to also move to $15.

But some store workers say the wage increases are not helping because their hours are falling, making it difficult to keep their health insurance and in some cases to pay their bills.

Socialist Secretary General of the UN warns UN running out of money

The United Nations is running a deficit of $230 million, Secretary General Antonio Guterres said on Monday, and may run out of money by the end of October. In a letter intended for the 37,000 employees at the UN secretariat and obtained by CBS News’ Pamela Falk, Guterres said unspecified “additional stop-gap measures” would have to be taken to ensure salaries and entitlements are paid.

Americans spent more on taxes in 2018 than food, clothing, and healthcare combined

So, the $14,758.11 that the average American consumer unit paid for food, clothing and health care was $3,859.82 less than the $18,617.93 it paid in federal, state and local income taxes, property taxes, Social Security taxes and “other taxes.”

CNN admits tariffs work: China’s economy is getting worse. That makes a trade deal more likely

China’s economic slowdown keeps getting worse. That could give the country incentive to repair its trading relationship with the United States and take more steps to stimulate its economy.

Rah Emanuel: Medicare for all is ‘reckless’ and ‘untenable’

Former Chicago mayor and Obama White House chief of staff Rahm Emanuel blasted 2020 Democrats who are running for Medicare for All during an appearance on ABC on Sunday.

Emanuel warned about Democratic Socialists who want to give healthcare to illegal aliens, saying that it won’t win them the general election.

US spends $907 million on useless ‘nutrition education’ for food stamp, WIC recipients

Besides spending tens of billions of dollars on fraud-infested programs to feed the poor, the U.S. government wastes an additional $907 million to give recipients useless “nutrition education” courses with rates of effectiveness that cannot be assessed. It marks the latest scandal to rock the government’s famously bloated and corrupt food stamp program as well as a multi-billion-dollar sister project that feeds millions of low-income women and their children.

Exposed: US government blowing billions of dollars on pointless crap

Senator Rand Paul is waging battle against waste. In his latest ‘waste report’, the Senator reveals how the government is adding to the $22 trillion national debt by subsidizing all manner of pointless activities, including $48 billion in improper Medicare and Medicaid payments.

All in all, Senator Paul totaled up $50 BILLION in wasted dollars, and he could have found a lot more had he scratched beneath the surface.

Tom Cotton: The US should buy Greenland to fend off China

The United States should purchase Greenland from Denmark because China “understands not only Greenland’s geographic importance but also its economic potential,” Sen. Tom Cotton, R-Ark., said Monday.

“Greenland is rich in a wide array of mineral deposits, including rare-earth minerals, resources critical to our high-tech and defense industries,” Cotton said in an op-ed in The New York Times.