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Featured News

  • The Catch-22 of Sovereign Debt Part 1

    The Catch-22 of Sovereign Debt Part 1

    Washington just added another $2.4 trillion to an already exploding debt of $14 trillion. The accumulated obligations of the U.S. now exceed 100% of America’s Gross Domestic Product. We’ve reached that point at which we are trapped in an economic catch-22.

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  • The Catch 22 of Sovereign Debt Part 2

    The Catch 22 of Sovereign Debt Part 2

    Congress doesn’t have the stomach to do what’s necessary to cut spending and put our economy back on track.

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  • The Catch 22 of a Top Heavy Boat

    The Catch 22 of a Top Heavy Boat

    50% of the people in the United States receive a government check of some kind. That is a direct transfer from one taxpayer to another. Subtract the cost of the government program making the transfer and you get the government’s “take” for administering and processing the transfer.

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  • The Catch 22 with the President’s Jobs Act

    The Catch 22 with the President’s Jobs Act

    I wish the President’s Jobs Act could turn around our economy and put people back to work. Like most Americans, we want the President to be successful. But wishful thinking won’t make it so.

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  • The Debt Wall and Its Repercussions

    The Debt Wall and Its Repercussions

    It is no secret that the U.S. is facing a debt crisis today. The national debt has risen to $14 trillion this year and is expected to go up to $16 trillion in 2012. High interest rates and budget deficit problems are among the main reasons why the national debt [...]

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Other News

The Problem with Liberal Economists

The Problem with Liberal Economists

May 24, 2012 at 4:11 pm 0 comments

Today’s Wall Street Op-ed from noted MIT and Nobel laureate Peter Diamond and UC Berkeley economics professor Emmanuel Saez, sums up nicely what is wrong with liberal economics. OK, it’s a long-ish article on marginal tax rates so it doesn’t nicely sum up anything. Instead it smacks you over the [...]

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The Latest Greek Bailout & What it Could Mean

The Latest Greek Bailout & What it Could Mean

February 28, 2012 at 11:40 pm 0 comments

THEY barely dare say it, but the doctors are strangely confident: after a long illness, the euro may be recovering. This week’s all-night surgery by finance ministers to excise a festering lump of Greek debt went better than expected. “We have put in place almost all of the elements we [...]

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Obama on Obamacare: Please Forget I Ever Got This Passed

February 27, 2012 at 11:16 pm 0 comments

The health care overhaul that President Obama intended to be the signature achievement of his first term instead has become a significant problem in his bid for a second one, uniting Republicans in opposition and eroding his standing among independents. In a USA TODAY/Gallup Poll of the nation’s dozen top battleground [...]

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Obama Regarding the Economy: Nothing to See Here Folks

Obama Regarding the Economy: Nothing to See Here Folks

February 23, 2012 at 3:36 pm 0 comments

If you were a president who for three years presided over an economy with more than 13 million unemployed, a growth rate gasping around 2%, an historic credit downgrade and underwater home mortgages drifting like icebergs toward the American Titanic, what would you do? You’d do what Barack Obama’s done: [...]

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Proof Raising Taxes Doesn’t Work, Even in Europe

Proof Raising Taxes Doesn’t Work, Even in Europe

February 23, 2012 at 3:35 pm 0 comments

The Treasury received £10.35 billion in income tax payments from those paying by self-assessment last month, a drop of £509 million compared with January 2011. Most other taxes produced higher revenues over the same period. Senior sources said that the first official figures indicated that there had been “manoeuvring” by [...]

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Know the Numbers, Know the Man. How Obama’s Budget Shows His True Priorities

Know the Numbers, Know the Man. How Obama’s Budget Shows His True Priorities

February 21, 2012 at 6:03 pm 0 comments

President Obama’s budget for 2013 is pure Obama. How do we know? Paul Ryan, the House Budget Committee chairman, was once asked how to become a budget expert. “You have to read the budget,” he said. To know Obama, it’s similar. You have to read the speeches and look over [...]

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Greece Let This Be the End…But We All Know It’s Not

February 21, 2012 at 5:53 pm 0 comments

“I HAVE learnt that marathon is indeed a Greek word.” Thus spoke Olli Rehn, the European monetary affairs commissioner, at the end of a 14-hour negotiating session that produced a second bailout package for Greece this morning. This had been agreed in principle at a European summit in July last [...]

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Greece: Tragedy or Self-Parody?

February 14, 2012 at 11:52 am 0 comments

Rioters torched shops and offices, with banks and foreign businesses the main targets. Pensioners wearing gas masks joined a blockade of Parliament and squared off against some 4,000 police officers. The city’s best-known cinema was burned to the ground, along with nine other national-heritage sites. This was Athens on Sunday [...]

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How Much Longer Can Greece & the Euro Survive?

January 26, 2012 at 11:48 pm 0 comments

THE banners at the entrance to the Bank of Greece museum in Athens promise a “fascinating journey through Greece’s modern economic and monetary history”. How could any passer-by resist? Inside the museum ranks of glass cases enclose an array of coins and old bank notes, as well as the paraphernalia [...]

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IMF: 2012 Will See Another Recession

January 24, 2012 at 11:00 pm 1 comment

The world economy is slowing sharply, and the euro region is headed for recession this year, the International Monetary Fund predicted Tuesday in a bleak update of global conditions. Overall, the world economy is expected to expand 3.25 percent in 2012 — down from the 4 percent projected by the [...]

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