US Postal Service Close to Going Broke

The U.S. Postal Service has cut back on spending by $10 billion since 2008, but it’s still nearly out of money. The Washington Post reports that in advance of the USPS’ announcement Thursday of recent postal,service,broke,rate,increase losses totaling billions of dollars, the agency is banking on a 5.6 percent increase in postal rates to help […]

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California Near Default, Again

California is back under the spotlight. California representatives are saying they have only enough money in the budget to pay for state assistance until November 2010. What happens if California defaults? Sacramento Bee’s Dan Walters has tried to count total California public debt, including that of local municipalities, and his total reaches $500 billion. Whatever […]

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America’s Crumbling Infrastructure

One of the key signs that we are in the early stages of an economic collapse and that we are heading towards another Great Depression is America’s crumbling infrastructure. The truth is that our infrastructure is literally falling apart all around us. Thousands of bridges are structurally deficient and there have already been some very […]

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