(CNSNews.com) – House Budget Chairman Congressman Paul Ryan (R-Wis.) said President Barack Obama’s budget strategy is to “do nothing, punt, duck, kick the can down the road” while the debt remains on track to eventually hit 800 percent of GDP. Ryan added that the CBO is saying it “can’t conceive of any way” that the […]
One of the most frequently asked questions we receive at the National Inflation Association (NIA) is what warning signs will there be when hyperinflation is imminent. In our opinion, the majority of the warning signs that hyperinflation is imminent are already here today, but most Americans are failing to properly recognize them. NIA believes that […]
The United States is on a fiscal path towards insolvency and policymakers are at a “tipping point,” a Federal Reserve official said on Tuesday. “If we continue down on the path on which the fiscal authorities put us, we will become insolvent, the question is when,” Dallas Federal Reserve Bank President Richard Fisher said in […]
Last week, students in several Wisconsin school districts were unable to attend school when classes were cancelled due to thousands of striking teachers throughout Madison and surrounding districts. While most teachers have returned to their posts today, protests continue in opposition to Governor Scott Walker’s (R) proposal to reform collective bargaining and pay down Wisconsin’s […]
If the stock market performance was an accurate measure of economic health, then Zimbabwe would have had one of the healthiest economies on the entire globe during the last decade. Just like Zimbabwe’s stock market was artificially pumped up with “funny money” that was rapidly being devalued, so is the United States. All of the […]
“Will the unions help keep poor teachers from returning to the classroom?” asked Saturday’s Washington Post, reminding us that union intransigience stretches from Madison,WI to Washington, D.C. An independent arbitrator recently ruled that D.C. Public Schools will be required to hire back 75 teachers fired during Michelle Rhee’s tenure. On top of this, D.C. will […]
A high-ranking aide to Minority Leader Nancy Pelosi (D-Calif.) told Democratic chiefs of staff that a government shutdown is more likely than not, according to attendees. Speaking at a regular meeting of the top aides to House Democrats, Pelosi’s floor director, Jerry Hartz, offered up, unprompted, his assessment that the odds favor inaction before the […]
The World Bank has given a stark warning of the impact of the rising cost of food, saying an estimated 44 million people had been pushed into poverty since last summer by soaring commodity prices. Robert Zoellick, the Bank’s president, said food prices had risen by almost 30% in the past year and were within […]
STANFORD– The last three weeks I have traveled about, taking the pulse of the more forgotten areas of central California. I wanted to witness, even if superficially, what is happening to a state that has the highest sales and income taxes, the most lavish entitlements, the near-worst public schools (based on federal test scores), and […]
The U.S. Commerce Department today reported that the country’s 2010 trade deficit was $497.8 billion, an increase of $122.9 billion from 2009. Exports increased from $1.57 trillion to $1.83 trillion, and imports increased from $1.95 trillion to $2.33 trillion. Increased imports are often a sign that the U.S. economy is growing. Imports typically fall during […]
