Oh for those halcyon days when Bill Clinton was in the White House, Republicans controlled both houses of Congress, the economy was booming, unemployment was low, the peace dividend was working its magic and the federal budget was in surplus. (OK, so I omitted the tech bubble.)
The Republican presidential candidates are starting to move on from attacking Barack Obama for his handling of the economy to drawing differences with each other on the best way to promote jobs and growth.
Charles Ponzi was a legendary Boston swindler who promised investors 100 percent returns in 90 days if they joined a scheme to buy and sell international postal coupons. In 1920, after roughly seven months of easy riches, he was exposed as a fraud and arrested.
President Barack Obama may signal in his State of the Union address tonight that he’s ready for compromises on Social Security -- a political flash point for every president since Franklin Delano Roosevelt created the federal retirement program in 1935 . He just won’t say it.
Higher-education debt is outperforming tax-exempt municipals because colleges and universities are able to raise tuition and draw on endowments even as states prepare to slash funding by $5 billion in 2012.