Over the past 30 years Federal Tax receipts (Corporate, Personal, Estate, Excise, Gift, Social Security, Medicare, Medicaid, et al) have averaged less than 20% of Gross Domestic Product (GDP). Read that again, and don’t think for a minute that it’s not a large number. Why isn’t that enough?

March 16 (Bloomberg) — U.S. employers won’t hire enough workers this year to lower the jobless rate much below the level of 9.7 percent reached in February, three Obama administration economic officials said today.
The proportion of Americans who can’t find work is likely to “remain elevated for an extended period,” Treasury Secretary Timothy F. [...]

With credit tight and consumers still pinching their pennies, many business owners find they can’t go on.

By Nathan Olivarez-GilesDecember 22, 2009

The Obama administration’s new plan to give a boost to small businesses reflects continued trouble in that sector, which is facing new failures even as much of the nation’s economy is stabilizing.
As credit lines [...]

By Amanda Carpenter on Dec. 9, 2009
Chalk up another 500 jobs to the list of jobs President Obama will need to create or save.
A Pittsburgh-based coal company, CONSOL Energy, will lay off nearly 500 of its West Virginia workers next year and its CEO blames environmentalists dead-set against mountaintop mining who have waged “nuisance” lawsuits [...]

By Roy Beck, Tuesday, December 1, 2009, 10:20 AM EST – posted on NumbersUSA

Nobel-award winning economist Paul Krugman can’t figure it out.
So, I doubt that he or any of the other hot-shot business and academic experts at Pres. Obama’s jobs summit Thursday will bring up the fact that hundreds of thousands additional Americans could [...]

America has a tradition of immigration. Author Roy Beck stops by Capitol Hill to get the reaction of people after they learn how America’s great tradition compares with immigration today.