FROM Marshal Cohen
The American Dream and Extended Credit Despite the recession and unemployment near 10 percent, Americans are still accumulating more debt. Solicitations for credit cards doubled last year. Lenders and retailers say the American Dream -- a big home, a big car and college — makes consumers willing to go into hock. They also see signs of "frugality fatigue." Others contend the law itself is rigged to favor indebtedness, with incentives that reward debt and discourage saving. Why are people spending money they don't have? Is it good for the economy? Is the government setting the right example?
Trump plays scolder-in-chief with NATO allies At the opening of NATO’s dramatic new headquarters in Brussels today, President Trump acknowledged that Article 5 — promising that “an attack on one nation is an attack on all” -- has only been invoked one time: in the aftermath of September 11. But the President failed to provide what 27 other Alliance members have been waiting for: a re-commitment by America’s new leader to Article 5. Instead, they got a scolding.
Janesville and the American Dream Janesville, Wisconsin is the hometown of Republican House Speaker Paul Ryan. But he couldn’t prevent the closing of the General Motors factory after 100 years. On this Memorial Day rebroadcast of To the Point, we hear what’s happened to what once was a model of American middle-class unity.
Replacing Obamacare: Now you see it… now you don’t As the Senate deliberates replacing Obmacare, health coverage for millions of people is at stake. There've been no public hearings, and a draft measure won't be made public. Is the House version so unpopular that that Senate is hiding a version that looks much the same?