What is the state of the economy in 2013?
That’s the question we’re asking this week, and we would like to know what you think.
The Labor Department released a report Friday that said employers added 155,000 jobs in December, according to NPR. The Big Three automakers are poised for a big 2013, according to the Detroit Free Press. And the stock market closed the week at a bull market high, according to the USA Today.
With that news, do you feel optimistic about the economy in 2013? Are the nation’s financial fortunes turning the corner, or do you feel like there is still trouble ahead? How do you feel the state of Michigan will fare this year, and will the auto companies lead the way?
Let us know by leaving a comment below.
Article I, Section 9, of the U.S. Constitution requires that Congress pass a federal budget. Yet the U.S. Congress hasn't passed a federal budget since April 29, 2009; instead, they've opted for a Continuing Resolution year after year since then to avert a US Government shutdown. Since April 29, 2009, which the was the last time the U.S. Congress passed a federal budget, the average U.S. Congressman, senators as well as representatives, has earned roughly $522,000.00 in annual minimum salaries. Yes, that's a half-million dollars. As a DoD Civilian, I haven't done one damned thing to earn a 20% furlough-induced pay cut. And I can assure you that I have not received a half-million dollars in pay since April 29, 2009. Yet the six-figure-a-year masterminds of the federal budget universe can go to bed each night safe in the knowledge that their pay will not be negatively impacted at all. Can you sense my anger?
http://endoftheamericandream.com/archives/30-stupid-things-the-governemnt-is-spending-money-on Some of these I can relate to. #27 where the military spent $998,000 to ship two 19 cent washers . I make washers for the Boeing jets. Around 400 per year. They go on military aircraft. There are specs on these washers, and one page says they have to be sent to Israel to go through a pickling process. This adds about $40 to the cost of each washer. This makes no sense! Makes no sense at all for a part that should be sold for around $2, but instead is sold for $115 per washer. For security reasons, other folk can't even bid against me to make the washer. Our govt sure knows how to make us mad. On the other hand, the govt is paying me good money to do stupid things, so who am I to turn it down? It keeps the doors open, and folk busy doing their jobs. Instead of giving pay cuts to vets like you, they should be doing common sense cuts in areas that no one cares about. So, 2013 will be a pretty good year since the govt is still as 'non-thinking' as ever, and I am going to take advantage of it. Do you blame me? If I don't make the parts, someone else, probably in India or China, will do the work and who wants that scenario.? At least the money and work is staying in the USA.
Change will never come to pass until these type of structural changes happen: 1) Term limits for every branch of government (including Judicial branch) 2) Handout limits for every US citizen receiving Section 8 housing, welfare, food stamps, etc. ( couple of years max) 3) Handout "EXEMPTIONS" for NON- US citizens wanting to tap into any type of government subsidies and handout "EXEMPTIONS" for US citizens with felony records. 4) Drastic changes to government pension programs so employees can't retire after 20 years work and collect from taxpayers for the next 50 years 5) Finally, drastic changes to address health care costs begining with TORT LAW changes to cap liability payouts driven by over-zealous lawyers. Exponential increase in liability insurance premiums can be traced back to this one variable. Implement these changes, and as an over-taxed, working american, I will be glad to kick in a bit more on taxes as well. But any further government hand on my wallet will be met with my second amendment rights until these changes take place.
In the past year, three of my fellow DoD Civilian colleagues from my own office volunteered for six-month temporary duty assignments in Southwest Asia, right alongside our uniformed warfighters: all three DoD Civilian colleagues served in Afghanistan. I resent any notion that I or my fellow DoD Civilian colleagues are negligent, malfeasant, ne'er-do-well, under-worked, over-paid, or otherwise deserve to have a 20% furlough-induced pay cut. My fellow DoD Civilian colleagues and I bust our collective asses in an effort to support the warfighter in a manner that we all hope the warfighter down range DOES NOT BECOME SIMILARLY DISABLED - or worse. Rational voter ignorance: it is real. Read about it. Don't succumb to the 30-second sound bite or political commentary masquerading as fact. http://econ.as.nyu.edu/docs/IO/16670/Somin_2_20101213.pdf
http://www.usdebtclock.org/