One clear takeaway from the Democratic Convention: President Obama and the Democrats really want to raise taxes on high-income earners. And while Republicans have repeatedly refused to go along with the president’s proposed tax hikes, a solid Obama re-election victory might shake that determination. Now France could be providing a preview of what might happen…

Republicans and Democrats have gotten into quite a tussle over Medicare, with Republicans claiming that President Obama’s health care law (i.e., ObamaCare) cuts Medicare by $716 billion (over 10 years). And Democrats are complaining that Republican vice presidential candidate Paul Ryan’s “premium support” Medicare reform would force seniors to pay more out of pocket. Both…

Tampa—Here at the Republican Convention there is a debt clock to show how much U.S. debt will grow between the convention’s beginning and end. It will be a lot, but you probably already knew that. At this writing, the national debt is more than $15,989,000,000 and rising quickly. It may cross the $16 trillion mark…

The U.S. Supreme Court may have upheld most of the Patient Protection and Affordable Care Act, but that won’t fix its many flaws. Here are 12 problems that still riddle the 2,700-page law known as ObamaCare. 1. Imposes a Bevy of New Taxes. Supreme Court Chief Justice John Roberts engaged in some tortured reasoning to…

Unemployment seems stuck around 8.2 percent, but black unemployment jumped from 13.6 percent in May to 14.4 percent in June, while Hispanics are at 11 percent and teens are at nearly 25 percent. In addition, economists predict that poverty rates—the result of long-term unemployment—will rise from 15.1 percent in 2010 to as high as 15.7…