Senate Democrats in Illinois, with a final vote of 32-26, have just passed a new budget proposal that includes a massive personal and corporate income tax hike and an expansion of the state's sales tax, after saying they are no longer willing to wait for a broader deal with Republicans.
Via The Ron Paul Liberty Report,
Presidential budgets are pure hocus-pocus.
Government has teams of "economists" who, instead of pointing out that economic laws cannot be violated, concoct formulas that seek to justify government expansion.
That's really the only thing that bureaucrats care about ... expansion. The "economists" come up with the justifications, and thus get to keep their plush jobs of exonerating the state.
More OPEC jawboning and continued (modest) draws in crude inventories beat production increases and SPR sales headlines heading into tonight's API data and with inventory drawdowns across the entire crude complex sending both WTI & RBOB prices jumped higher. However, prices quickly reversed lower as traders realized the Crude draw was smaller than expected...
API
Submitted by Daniel Drew via Dark-Bid.com,
Under normal circumstances, we would say it is strange, if ironic, that the same day the S&P is trading just shy of an all time high 2,400 again, Goldman comes out with a note warning that "global growth momentum appears to be slowing. The ISM has likely peaked, and the US labor market has tightened further.