It's been over three years since Congress has passed a budget. The obstacle to getting a budget enacted: the U.S. Senate. Both President Obama and the House of Representatives have met their obligations, issuing budget proposals each year, while the Senate sits on its hands.
According to The New York Times, California, which is projected to run a $16 billion deficit in 2012, has joined more than a dozen states in using money awarded for foreclosure prevention, investigations of financial fraud, and blunting the effects of the housing crisis to fill budget gaps instead.
As families struggle to improve their finances, what about the American Dream? Will the next generation be better off? Are families able to make ends meet? In our latest infographic we look at how families view the American Dream and whether or not the dream is still alive today. Take a look!
Growing up dreaming of being a doctor, buying your first home, sending your kids to college – whatever your American Dream may be, you have one. No, money can’t buy you love or happiness, but it’s a means to an end. So do wishes still come true in a time of economic uncertainty? Take a look at what Americans are saying.
Let’s say you’re in the market for a new car. You head to the dealership, where you sit down with a salesman to negotiate what you want and how much it will cost. But arriving at an agreement you thought was satisfactory to both parties, the salesman immediately starts trying to renegotiate the terms of the sale to the dealer’s advantage.
The protests in Greece have shown that Greeks are unsatisfied with the economy. Americans too are in desperate need of jobs and demand deficit reduction from Washington. Check out our latest inforgraphic on the statistics of the two countries and their three main parallels.
Once again, Greece finds the international community questioning its ability to pay its debts. Default and an exit from the Euro Zone (or countries which share the Euro as a common currency) threatens on the horizon. Here in the U.S., we face high debts and have a lowered credit rating due to Washington’s inability to agree on deficit reduction. Just how alike are our two nations?