Philip Greenspun divided the U.S. 2011 federal budget by 100,000,000 and wrote a little parable:
We have a family that is spending $38,200 per year. The family's income is $21,700 per year. The family adds $16,500 in credit card debt every year in order to pay its bills. After a long and difficult debate among family members, keeping in mind that it was not going to be possible to borrow $16,500 every year forever, the parents and children agreed that a $380/year premium cable subscription could be terminated. So now the family will have to borrow only $16,120 per year.
Understanding Congress's solution to the federal deficit problem
6.6m Americans signed on last week, bringing the unemployed total to 17m. The record week almost matches thew week before, when nearly 7m applied for benefits, and the week before that, when more than 3m lost their jobs. Experts had predicted a 5m jump, and the larger toll signals a worse economic downturn than expected. […]
More than 6.6m Americans applied for unemployment benefits last week, breaking the record for the second week running. “That brings the total number of Americans who filed for unemployment over the past two weeks to nearly 10 million,” writes Fox Business’s Megan Henney, “a stunning sign of the colossal economic damage inflicted by the outbreak.” […]
America has no fire drill for economic uncertainty. What is going to happen today, April 1st, in the middle of an unprecedented pandemic, when everyone’s rent, mortgages, and bills are due?
Even once stay-at-home orders are lifted, it’s likely many of us will be sticking closer to home, at least for a while. And rather than taking the car out of the garage for a 10-minute-or-less drive to the grocery store or the pharmacy, don’t be shocked if you start seeing a lot more short jaunt […]
If your sleep has been somewhat troubled recently, you’ve got plenty of company. With so much uncertainty, millions of people everywhere are laying in their beds, wrestling with huge life problems while unsuccessfully trying to also get eight hours of rest…or six…or heck, even 30 minutes. If that hits a little close to home, you […]
Believe it or not, you can still score a new job in the midst of the pandemic. There are a bunch of industries under more demand stress than ever that have an immediate need to grow. Regardless of the specific role needed or company that’s hiring, one skill that can only help you score an […]