Germany is pushing behind the scenes for a “hard” default in Greece with losses of up to 60pc for banks and pension funds, risking a chain-reaction across southern Europe unless credible defences are established first. Officials in Berlin told The Telegraph it is “more likely than not” that investors will suffer fresh losses on holdings […]
Free trade agreements (FTAs) have economically benefited nations the world over since their inception. Poverty rates in countries with low trade barriers are significantly lower, and data in The Heritage Foundation’s Index of Economic Freedom demonstrate that free trade also leads to higher incomes, more jobs, and greater equality. That’s why it’s vitally important to […]
Last week’s presidential debate at the Reagan Library elevated Social Security as a national issue that could reshape the 2012 campaign. Candidates spent the week trading blows about the role of the 76-year-old social insurance program. Leaving aside the political rhetoric, one thing is certain: Social Security needs to be reformed or America will face […]
ABC News’ Gregory Simmons (@abcgregory) reports: While the bulk of GOP hopefuls jockey for position this week in Ames, Iowa, ahead of Saturday’s straw poll, one former contender has signaled he might jump back in. In a phone interview from New York Monday afternoon with CNN, Donald Trump said he “would seriously consider” While discussing the recent […]
Happy Birthday to me, Happy Birthday to me, I’m narcissistic you see, Happy birthday to me. It’s the perfect romance: a man who loves to be loved and, well, his biggest fan – himself. It’s hard to tell if we should mark August 4 as Barack Obama’s 50th birthday or his 50th anniversary with himself. […]
NEW YORK/SHANGHAI (Reuters) – China bluntly criticized the United States on Saturday one day after the superpower’s credit rating was downgraded, saying the “good old days” of borrowing were over. Standard & Poor’s cut the U.S. long-term credit rating from top-tier AAA by a notch to AA-plus on Friday over concerns about the nation’s budget […]
Heckuva job, Barry. You’ve tanked the economy and now wrecked our credit rating. But don’t let us interrupt your parties or golf. Maybe Obama should have put Osama bin Laden body on ice, because this week would have been the week he needs anything he can use to look at least half was decent. The […]
The so called “historic, bipartisan compromise” reached to raise the debt limit does not end the struggle to reign in the federal deficit — in fact, all it does is pushes the most difficult decisions off into the future. More surprising, the debt deal actually cuts almost nothing now–it just promises future cuts that may […]
Imagine a family that earns $50,000 a year but is spending more than $88,000 with a credit card balance of $330,000. The discussions around the kitchen table are likely to be a little tense. Proportionally, that’s where Washington’s finances are today, and that’s why the national discussion is a little tense, too. Even these figures […]
Boehner Responds to Obama’s Address: ‘The Bigger the Government, the Smaller the People’ In his response to President Obama’s televised address to the nation Monday night, House Speaker John Boehner stuck to his guns, giving no indication he would be willing to compromise with the President on a debt deal. During his address, Boehner asserted […]
