What Americans Lose When We Refuse Crap Jobs

Great read from Peter Cook at the Federalist on how working hard, low-paying jobs generates work ethic, humility, and a sense of perspective everyone, including our nation’s so-called elites, sorely needs. My first job was working as a minimum wage worker on the grounds staff at a local Country Club.

Click the link in the title to read it. Well worth a few minutes.

More Millennials Living with Their Parents Thanks to the Federal Government

Out of control spending by the federal government is destroying the future for millennials by limiting economic opportunity for them.

Via The Hill

A Congressional report released Tuesday found that millennials are not feeling the impacts of the economic recovery.

The Joint Economic Committee’s report added to what’s become a long list of economic data showing that millennials are delaying major life decisions such as buying a home and getting married.

In 2003, nearly 40 percent of Americans between the ages of 25 and 34 headed a household. In 2013, the rate declined to 37.2 percent.

Meanwhile, the percentage of millennials living with their parents has increased from 11 percent before the recession to 14 percent, according to the report.

Read more at this link.

Hillary Clinton – Clueless When It Comes to Creating Jobs? (Video)

If businesses don’t create jobs – then who does? The tooth fairy? My guess is this portion of the speech was a riff on the President’s ‘You didn’t build that’ meme – that Government is the driving force in society.

There’s one problem with that approach. If you have a BIG centralized Government, that means more taxes. More taxes means less money to spend.

And that doesn’t help anyone…

Obama & Congress Stick It To Low Wage Earners In Fiscal Cliff Deal

Essentially, if you make less than $30K a year, you took a bigger hit from the recent fiscal cliff deal than those making over $500K a year.

Via The Daily Mail

Middle-class workers will take a bigger hit to their income proportionately than those earning between $200,000 and $500,000 under the new fiscal cliff deal, according to the nonpartisan Tax Policy Center.

Earners in the latter group will pay an average 1.3 percent more – or an additional $2,711 – in taxes this year, while workers making between $30,000 and $200,000 will see their paychecks shrink by as much as 1.7 percent – or up to $1,784 – the D.C.-based think tank reported.

Overall, nearly 80 percent of households will pay more money to the federal government as a result of the fiscal cliff deal.

‘The economy needs a stimulus, but under the agreement, taxes will go up in 2013 relative to 2012 – not only on high-income households, as widely discussed, but also on every working man and woman in the country, via the end of the payroll tax cut,’ said William G. Gale, co-director of the Tax Policy Center.

‘For most households, the payroll tax takes a far bigger bite than the income tax does, and the payroll tax cut therefore – as [the Congressional Budget Office] and others have shown – was a more effective stimulus than income tax cuts were, because the payroll tax cuts hit lower in the income distribution and hence were more likely to be spent,’ he added.

(Cross posted @ The Alexandrian)

Santa Claus Visits Congress (Video)

Great new video from the folks at Bankrupting America as they check in with Santa Clause who was in D.C. recently and asked him how his business was fairing during these uncertain economic times.