(Before it’s News) Anyone aware of the US Government’s real financial situation knows that time is running out. The Government has $15.5 trillion in admitted debts but those debts, when calculated under Generally Accepted Accounting Principles (GAAP), or ‘honest accounting’, is over $70 trillion. $70 trillion divided by 300 million+ Americans works out to $233,000 per […]
The private sector is where its at; less bureaucracy, more opportunity to advance and the ability to create and maintain jobs even in the midst of a recession. It certainly kept Texas on its feet and winning the jobs race by a landslide in the past decade. According to a new study from the U.S. […]
If you listen to Ben Bernanke, Barack Obama and the mainstream media long enough, and if you didn’t know any better, you might be tempted to think that the economic crisis is long gone and that we are in the midst of a burgeoning economic recovery. Unfortunately, the truth is that the economic crisis is […]
Mises Daily: People often ask me, “What do you think the government should do instead of QE inflation?” My stock answer is that the government should not try to fight the depression with government spending and cheap credit. Trying to stop the market from correcting the errors of the past only delays the consequences and […]
In this week’s common-sense video, David Spady discusses California Governor Brown’s use of the DMV as a political pawn in his attempt to raise taxes on Californians. Jerry Brown’s Word Games for Taxes [youtube BOSoFk8twxs nolink]
People often remember the entire decade of the ’90s as a period of robust economic growth. Economic growth was so impressive in the latter half of the ’90s, in fact, that some claim the Clinton-era tax hikes spurred the economy to prosper. But was that actually the case? Did tax hikes really lead to a […]
SACRAMENTO, Calif. (AP) — Even before the U.S. Supreme Court ruled Monday that California must drastically reduce its prison population, the state had begun taking steps to relieve severe overcrowding at the direction of a former actor-turned-governor who alternated roles between get-tough cop and social worker reformer. Former Gov. Arnold Schwarzenegger insisted in 2005 that […]
The Palestinian Authority passed a law last month granting all PA residents and Israeli Arabs imprisoned by Israel for terror crimes a monthly salary, Palestinian Media Watch reports. According to PMW, the PA has defined by law which residents and Israeli Arabs would be deemed “prisoners” as “Anyone imprisoned in the occupation’s [Israel’s] prisons as […]
(By Andrew Lilico) It is when, not if. Financial markets merely aren’t sure whether it’ll be tomorrow, a month’s time, a year’s time, or two years’ time (it won’t be longer than that). Given that the ECB has played the “final card” it employed to force a bailout upon the Irish – threatening to bankrupt […]
(By Richard Blackden) His warning came as shares in professional networking site LinkedIn surged for a second day in New York. Shares in LinkedIn, the world’s largest professional networking site, jumped more than 10pc on Friday after more than doubling on their first day of trading on the Nasdaq on Thursday. The flotation of LinkedIn, […]
