Another round of government spending cuts is due in 2014. According to the sequestration put in place by Congress because it was too inept to enact actual across the board budget cuts, will now gut the U.S. military, according to Rep.
Last week's decision by U.S. Bankruptcy Court Judge Steven Rhodes has lit a fire under employees of Detroit that are left without the promises made to them by the city when they were younger and the city showed no signs of fiscal collapse.
Gov. Mark Dayton announced last week that he's considering tax relief for Minnesota taxpayers. This as the state realizes a tax surplus of $1.1 billion. Great news, right?
Well, yes. Any relief from over taxation is good news.
Detroit was given the go ahead to file for bankruptcy on Tuesday, Dec. 3. United States Bankruptcy Judge Steven Rhodes handed down his 140-page ruling to the chagrin of unions and pensioners in that once prosperous city.
Just when everyone was convinced the worst was behind us, an American Nobel Prize-winning economist has sounded the alarm that our stock market surge is not a good sign but a sign that the bubble that has occurred in recent months could burst.
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