- GOP offers 10-year, $2.2 trillion plan to Obama
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- From the fiscal frying pan into the debt ceiling fire
- Tax the rich more? Most Americans say yes
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Comments submitted to MSN Money's Facebook page during the debate highlight sharp disagreements among Americans on key policy issues.
President Barack Obama won the rhetorical contest Monday night against Republican challenger Mitt Romney. Whether he will win a second term remains to be seen.
Several polls have shown the presidential election to be a statistical tie, which means that the winner may capture the most electoral votes and not the popular vote. The Democrats may retain control over the U.S. Senate. The U.S. House of Representatives probably will stay in the hands of Republicans.
The 2 presidential candidates are tied at 47%. Any mistake could sway the outcome.
The presidential race heads into its final two weeks with polls showing a dead heat nationally and some tightening in the most closely competitive states, suggesting the outcome could turn on a mistake or which campaign better mobilizes its forces.
President Barack Obama and Republican challenger Mitt Romney are tied at 47 percent in a national NBC News/Wall Street Journal poll of likely voters released yesterday.
The Swiss investor expects expanding debt burdens and never-ending deficits in Western nations in the next 5 to 10 years. He also says the S&P 500 could see a 20% drop.
The debt burden in the U.S. and other Western countries will continue to increase, Marc Faber, author of the "Gloom, Boom and Doom" report told CNBC on Monday, leading to a "colossal mess" within the next five to 10 years.
"I think the regimes will try to keep the system alive as it is for as long as possible, which means there's no "fiscal cliff," there's a fiscal grand canyon," Faber told CNBC's "Squawk Box."
The path we take out of the recession will reveal much about who we are as a people and what we stand for.
By William D. Cohan
Is it time to put the Great Recession behind us?
Not in terms of the economy -- which remains bogged down with high employment, low growth and other aftershocks -- but rather when it comes to demanding a rigorous effort to hold Wall Street bankers, traders and executives accountable for their role in causing the financial crisis.
Should we just chalk it up to such simplified explanations as "animal spirits ran amok" and "these things happen occasionally"? Or should we continue to expend scarce political and law-enforcement resources trying to get to the bottom of what happened, and why, with a goal of holding the right people legally and financially accountable?
Will other cities adapt some version of a tax on bullets and firearms? Voters should be leery of simple solutions to complex problems.
Officials in Cook County, Ill., which includes Chicago, have proposed a tax of 5 cents per bullet and $25 on each firearm sold to defray the medical costs of victims of gun violence, which average $52,000. Taxpayers wound up footing the medical bill for 670 victims last year who didn't have insurance. The proposal is sure to generate legal challenges by gun rights advocates.
After the Great Depression, the US made major policy changes to support average Americans. Is it time to launch such efforts again?
The decline of the middle class has become a focal point of this year's presidential election. Each candidate claims his plan would end the middle-income slide that accelerated during the Great Recession and shows no signs of abating.
But lost in the rhetoric is the reality of the decline. Nearly everyone is aware that the middle class is struggling, but few people understand how the struggle plays out in everyday life.
Economic issues, such as student debt and unemployment, weigh heavily on the college students who talked to MSN Money.
It was fitting that the first question in Tuesday's presidential debate was posed by an undecided college student, who asked how the candidates could assure him -- and his parents -- that he would be able to support himself after graduation.
Young voters like him represent the largest bloc of still-undecided voters, with as many as 10% or more still unsure how, or even if, they'll vote, say analysts. Chief among these voters' concerns are jobs and the economy.
Students who graduated from college in 2010 had a 9.1% unemployment rate, the highest in recent history, according to The Project on Student Loan Debt. And two thirds of those at four-year colleges or universities graduated with debt. Their average load: $25,250, a 5% increase over 2009.
And they are as divided as the rest of America.
President Barack Obama and GOP challenger Mitt Romney traded barbs at Tuesday night's debate as if they were heavyweight fighters vying for the championship belt.
Whether the candidates will change any minds of undecided voters is hard to say, judging from the comments submitted on MSN Money's Facebook page.
The election is shaping up as one of the closest in U.S. history, and the issue that is foremost on the minds of most Americans is the economy.
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Follow Republican and Democratic presidential candidates as they battle for the White House. Explore how monetary and fiscal policies affect your finances. Get insightful analysis of the American political economy and the latest news on the 2012 election.
Contributors include professional investors and journalists affiliated with MSN Money.
[BRIEFING.COM] The stock market finished an upbeat week on a mixed note. The S&P 500 added just over a point, holding its weekly gain at 1.0% while the Nasdaq lost 0.4%.
The major averages began the day on an upbeat note, but relinquished their opening gains during the first 90 minutes of action. The early sentiment was boosted by a better-than-expected nonfarm payrolls report for February (175K versus Briefing.com consensus 163K), but a closer look into the report suggested that ... More
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