Looking past Friday's rosy jobs report headlines from the Bureau of Labor Statistics reveals an economy that is far from robust.

The Bureau of Labor Statistics reported that 20 percent of American families have no working members — adding to the already disturbing news about the financial shape of families.

 

Vallejo, California, is on the verge of its second bankruptcy, primarily because of its unwillingness to negotiate its pension plans' terms.

In 2008, many banks were deemed “too big to fail,” and government (taxpayers) bailed them out. Since then, bankers and bureaucrats have insisted the money keep flowing.

Economic ignorance and union influence will force Scranton, Pennsylvania, into Chapter 9 bankruptcy. 

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