The professors have done a good job clearing up any misconception that the US will be able to avoid using third-world tools to rein in its excessive debt.
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All of this is unalloyed good news. The Texas energy boom is turning over all manner of statist interventions, especially including OPEC. It’s upsetting Russia and China as well. It’s a glorious development.
At the present rate of growth in disability recipients, SSDI will be bankrupt in three years.
In its candid assessment of the failure of the IMF and its partners to rescue Greece from its own foolishness, the IMF staff fails to mention the main lesson: free people left to their own devices can solve problems better than governments ever could.
This article has “as much substance as soup made from boiling the shadow of a sparrow that starved to death.”
Seen in the light of resistance to any cuts whatsoever in government spending by Obama, this from the FAA is predictable. Get in line. Prepare to wait. Blame it on conservatives.
Moody’s is more than a little late to this party. The UK’s spending on its welfare state programs continues apace, hastening the day when it ends altogether.
This is a great reminder about what is possible.
Their GDP dropped by 24 percent in the Great Recession, and they are happily on their way back, thanks to doing the right thing.
It’s simple: cut government spending and encourage the free market to expand.