SEATTLE – Banking analyst Meredith Whitney sums up the investment opportunity in the United States as “a tale of two countries” – the idea that states will grow unevenly based on how exposed they were to the financial crisis. Whitney, who now has her own advisory firm Meredith Whitney Advisory Group, rose to fame for […]
Congress’s dance with the debt limit can be confusing and, frankly, the details can be a real snooze fest for many Americans. Sometimes a little humor clarifies the absurdities of Washington antics better than flow charts and talk of trillions. The 31-second video and accompanying infographic “The Debt Ceiling Explained” by Bankrupting America offers the […]
Newscom This week, the House Republican conference met to discuss what their priority will be in connection with any vote to increase the debt ceiling. This is timely since the current suspension of the debt limit expires tomorrow. According to reports of the Republican House caucus meeting, “Members came away with the impression that the […]
Monday morning, the Heritage Foundation is releasing its long-anticipated study of the fiscal impact of providing illegal immigrants a pathway to citizenship. Over their lifetimes, the newly legalized immigrants would add a net $6.3 Trillion to the public debt. Heritage notes that this is a minimum estimate. The Heritage study reports that newly legalized immigrants […]
Newscom Starting July 1, interest rates on federal student loans are set to rise from 3.4 percent to 6.8 percent. As Congress again considers preventing the interest rate on federal student loans from doubling, the cost to taxpayers should be a central issue. However, in a recent Issue Brief, Heritage analyst Jason Richwine points out […]
The next Great Depression is already happening – it just hasn’t reached the United States yet. Things in Europe just continue to get worse and worse, and yet most people in the United States still don’t get it. All the time people ask when the “economic collapse” is going to happen. Well, for ages there […]
On Wednesday, President Barack Obama released his long awaited and dreaded budget proposal. He claims that it will help lead to a deficit reduction of over $1 trillion over the next 10 years, which breaks down to only a reduction of $200 billion a year. He also claims that his proposal will help lead efforts […]
Were California’s state government a business, it would be a candidate for insolvency with a negative net worth of $127.2 billion, according to an annual financial report issued by State AuditorElaine Howle and the Bureau of State Audits. The report, which covers the fiscal year ending June 30, 2012, says that the state’s negative status — all of its assets […]
What would you do if you woke up one day and discovered that the banksters had “legally” stolen about 80 percent of your life savings? Most people seem to assume that most of the depositors that are getting ripped off in Cyprus are “Russian oligarchs” or “wealthy European tycoons”, but the truth is that they […]
(CNSNews.com) – During the month of February–as President Barack Obama was warning Americans they would see dramatic effects in their lives if “sequestration” of some planned federal spending kicked in–the federal government’s debt climbed by $253.5 billion. That one-month increase in the debt was nearly six times as much as the $44 billion in spending […]
