Current Federal Budget Trends Are Capable Of Destroying This Country

The Most Fiscally Irresponsible Government in U.S. History?

Current Federal Budget Trends Remain Unsustainable

Me Worry? I'm On Vacation

There is an instinctive conclusion among the American public that President Obama's stimulus package has failed to create a sustained recovery. Unemployment has increased, not declined; consumers have retrenched; housing starts have crashed along with mortgage applications; and there is a fear that a double-dip recession may very well be in the pipeline. The public perception, reflected in Pew Research/National Journal polls, is that the measures to combat the Great Recession have mostly helped large banks and financial institutions, and that's a view common to Republicans (75 percent) and Democrats (73 percent).

Where Do You All Think I should
Go For Next Weeks Vacation?  

There is another instinctive conclusion among the American people. It is that the national deficit, and the debts we have accumulated, are of critical political importance. On the national debt, the money the government has spent without the tax revenues to pay for it has produced mind-numbing numbers so large as to be disconnected from reality. Zeros from here to infinity. The sums are hard to imagine. The public knows that, shuffle the numbers as you may, the level of debt is unsustainable.

Read More: US News & World Report

New Jersey Economic Outlook: A look Ahead

New Jersey’s economy and labor market appear to be in the early stages of a recovery. Economic activity seems to have picked up for the first time in nearly two years.

Residents from New York City are relocating to the state adding much needed revenue. State finances still pose a huge challenge. However, home prices continue to fall and the unemployment rate remains high. Many cities and townships are dealing with rating agency downgrades that highlight the state’s high debt burden, low pension fund ratio, high post-retirement insurance liabilities and depletion of its General Fund reserves.

To Read The Full and Detailed Economic Outlook Report by Wells Fargo Click Here