In 1970, Chicago had a booming middle class. In the 40+ years since then, the middle class has disappeared from the city, squeezed out by growing lower and upper classes. It has left the city with two different economies.
Over the last 41 years, ALEC has worked tirelessly to tear down many of the programs and protections Americans, particularly seniors, have come to rely on, and only recently have many of their objectives come to light.
The Fed is both the savior and the bogeyman of tomorrow. Yet amidst all the rhetoric and dogma, there are many questions about how The Fed operates. Here are five things to think about regarding the Federal Reserve.
During his tenure as mayor, Daley consistently failed to make the required contribution to the city's pension funds. As a result, according to his successor Rahm Emanuel, the city is on the brink of bankruptcy.
While raising interest rates may dampen falls in a country's currency in the short term, this is not always enough to calm a sell-off and a higher interest rate can hamper growth, squeezing the country further.
We can help ourselves before it's too late if we are given the flexibility to find workable solutions tailored to each pension plan. Doing nothing will ensure future retirees will have nothing for retirement.
After a cliff-hanger of a union vote, Boeing will stay here in Washington state. But the joy is not universal and it's not deep, and who knows how long it will last? Lingering in the craw are Boeing's hardball, take-it-or-we-leave-the-state tactics.
With 10,000 people turning 65 every day, our nation should be doing everything possible to protect the pensions of those who have worked hard their entire lives and are counting on those benefits during their retirement years.
After years of railing against corrupt pay-to-play schemes and insider deals, now Republicans are forced into a position of defending Rauner's insider record. My how things change. And the squirming has just begun.