Economists break earners into five quintiles.
In a study produced by the Cato Institute’s John F. Early, the former assistant commissioner for the Bureau of Labor Statistics, something strange happened to the 5th quintile (the poorest Americans) during the Obama years.
They had virtually the same spending power as the 3rd and 4th quintiles. In other words, those who weren’t working had just about as money for discretionary spending as those who were working and paying taxes a few notches up the economic chain thanks to our lavish social safety net.Read More
By Tom Quiner I revisited my list of the Top Ten Songs for Summer, and I think it’s still a pretty solid list. Number Six on the list is “Under the Boardwalk.” I found the video above of Bruce Willis singing it, and I thought it was pretty darn good. Enjoy!Read More
Charles Krauthammer died yesterday. Do you know what is amazing? Conservatives and liberals alike share heartfelt loss at his passing.Read More
The wailing and gnashing of teeth from the mainstream media and the political left (pardon the redundancy) regarding the latest immigration crisis has reach a decibel level unlike anything I’ve heard since, well, the last crisis concocted by the left. Let’s talk immigration.Read More