If you strip away the political correctness, Chapter Three of the IMF’s World Economic Outlook more or less condemns Southern Europe to death by slow suffocation and leaves little doubt that fiscal tightening will trap North Europe, Britain and America in slump for a long time. The IMF report – “Will It Hurt? Macroeconomic Effects […]
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 […]
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 […]
By: MARK TAPSCOTT Expect to hear a lot about how much the Iraq war cost in the days ahead from Democrats worried about voter wrath against their unprecedented spending excesses. The meme is simple: The economy is in a shambles because of Bush’s economic policies and his war in Iraq. As American Thinker’s Randall Hoven […]
More and more Americans are afraid we’re heading for a double-dip recession. President Obama says our way out of our economic slump is to double American exports over the next five years. But China’s go-go economy is slowing down, while Europeans are announcing austerity programs from London to Athens and all points in-between. If the […]
The cost of harboring illegal immigrants in the United States is a staggering $113 billion a year — an average of $1,117 for every “native-headed” household in America — according to a study conducted by the Federation for American Immigration Reform (FAIR). The study, a copy of which was provided to FoxNews.com, “is the first […]
Monday, June 07, 2010 By Pete Winn, Senior Writer/Editor (CNSNews.com) – Thanks to an advertiser who wishes to remain anonymous, cars and trucks on Arizona Highway 260 in East Central Arizona are driving by a billboard advertisement that recently went up, bearing President Obama’s face on what appears to be a mock U.S. $100,000,000,000,000 (One-Hundred Trillion Dollar) bill. […]
June 3, 2010 | By Amanda J. Reinecker Washington will spend $30,543 per household in 2010—an increase of $5,000 per household in just two years. Federal spending and deficits are increasing at levels unseen since World War II. And though President Obama has done little to quell the spending surge — in fact, his budget only accelerates […]
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 […]
