Moody's Predicts Continued Decline in U.S. Fiscal Strength

Moody's predicts continued decline in U.S. fiscal strength due to widening budget deficits and less affordable debt. The report highlights rising debt to GDP ratio and interest payments as a percentage of revenue. Other ratings agencies have already downgraded the U.S. sovereign rating, citing similar concerns.

Chicago Residents Criticize City Spending on Illegal Immigrants

Chicago residents criticize city officials over spending on illegal immigrants, calling for Republicans to take over the traditionally Democrat-run city. They express frustration at the use of taxpayer dollars on migrants, highlighting concerns about city budget deficits and the allocation of resources.

Corporate Profits vs. Wages Disparity

Corporate profits are near all-time highs, while wages are near lows. U.S. corporate profits and asset prices are at historic levels, while budget and trade deficits are also high. Wages are near their lowest ever as a share of GDP.

U.S. National Debt Projection

The United States is projected to add trillions to its national debt over the next decade due to rising spending and interest expenses outpacing tax revenues. This will lead to large budget deficits and a growing debt-to-GDP ratio.

California State Legislature Rejects Single-Payer Health Care Proposal

The California state legislature rejected a proposal for a single-payer health care system due to high costs amid budget deficits, despite Democratic supermajority. The idea has been a focus for left-wing Democrats like Bernie Sanders but faces challenges in implementation.

Struggles of Optometrists Treating Medicaid Patients in California

Authorities warn of a new burglary trend in the United States as optometrists in California struggle to treat Medicaid patients due to low pay rates. Governor Gavin Newsom and the state Legislature are proposing tax increases to fund higher payments to health care providers, including optometrists.