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 […]
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 […]
California has the eighth-largest economy in the world yet is on the verge of bankruptcy. There are a few simple ingredients that any state needs in order to function. One is a budget. Another is toilet paper. “Remote rural state parks will likely run out of toilet paper by early October,” says an internal email […]
The US economy is clearly in a depression… not a recession, not a recovery, but a DEPRESSION. More than 40 million Americans (12%) are on Food stamps. Nearly one in five of us are unemployed of underemployed. Folks go to Wal-Mart at 11PM waiting for their government checks to clear at midnight so they can […]
I hope the White House is paying attention to the latest annual Congressional Budget Office Long-Term Budget Outlook, which offers a truly frightening picture of the scale of America’s national debt, with huge implications for the country’s future prosperity. According to the non-partisan CBO, “the federal government has been recording the largest budget deficits, as […]
This past Wednesday, the United States crossed a very expensive milestone: U.S. national debt exceeded $13 trillion. It is a mind-boggling number. What does this mean for you and your family? The debt per citizen is $42,025 and the debt per taxpayer is an astronomical $117,982. How did we get here? Years of fiscal mismanagement […]
You think the war in Iraq is costing us too much? Read this: Was I confused by liberal propaganda. I have been hammered with the propaganda that it is the Iraq war and the war on terror is the source that is bankrupting the USA. I now find that to be insane. I hope the […]
