Raising the debt ceiling is nothing new for America. Yet, regardless, the majority of the country opposes raising the limit for the tenth time in just as many years. Is it just protocol at this point or can it help our waning economy? Charlie McGrath speaks out on the debt ceiling and what other options exist.
The Resident - Can the rich get richer while the poor get poorer?
While more and more of the middle class forced into unemployment, the rich continue to get richer. How does the average America feel on the subject? The Resident takes to the street of New York to find out.
Eighteen months before the election, a handful of Republican presidential hopefuls participated in a debate Thursday night, allowing much of America to get a sampling of the ideals held by just a few of those considering a run. With many Libertarian-leaning candidates looking to secure a nomination, however, what does this hold for the future of the GOP? Columnist Tim Cavanaugh and blogger Reihan Salam voice their thoughts on Thursday's debate.
Congress has raised the debt limit ten times in the last ten years, so what's one more adjustment to the ceiling? Edward Harrison of CreditBreakdown.com says America could face an Armageddon scenario if a change isn't made, even if the majority of Americans oppose an adjustment as the debt reaches 14 trillion dollars and counting.
Simple luxuries like taking a family vacation or just taking the kids out to eat is nothing but a distant memory to many American families who once considered themselves middle class and are now just fighting to stay off the streets. After one of the worst economic downturns in our history, families who were breathing easy, just a couple of years ago, are now buried in a mountain of debt and being forced from their homes.
The 2012 Republican race officially kicked off last night after five candidates—Ron Paul, Herman Cain, Gary Johnson, Rick Santorum and Tim Pawlenty—took the stage in South Carolina for the first Republican primary debate. But who wasn't there made more headlines than who was—big names like Mitt Romney, Sarah Palin, Michelle Bachman, Mike Huckabee and even Donald Trump skipped out. Analysts say that because of campaign finance laws that cap donations to presidential campaigns at $2,500, some candidates prefer to rake in money through political action committees (PACs) for as long as possible before officially declaring.