This is Detroit Emergency Manager Kevyn Orr’s demand: “Pay me now, or pay me later.” He’s one tough hombre. We’ll see if the unions really want to duke it out with this guy.
By failing to include in its analysis anything to do with the massive unfunded liabilities the government faces, S&P’s announcement becomes totally useless and counterproductive. By failing to inform, it becomes a party to the crime.
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Everything’s just fine. Those who are worried about Social Security are just trouble-makers and distractors from the more serious problems we face. Ignore them.
This article has “as much substance as soup made from boiling the shadow of a sparrow that starved to death.”
By focusing exclusively on the fiscal costs of the amnesty bill now before congress, the authors miss the larger cost: the loss of national sovereignty that this bill encourages.
I consider the $9.95 monthly dues that I pay to subscribe to Gary North’s newsletter one of the great bargains of our time.
This is a republishing of an article from last week which now includes some revisions and expansions and clarifications that my editor at The New American suggested before it is published in an upcoming print edition of that magazine.
It could be worse. Obama certainly is trying to make it worse.
The German model highly touted as the perfect solution to reviving economies has now been shown to be not only a myth but a fraud.
Stockman has a grasp of economic reality. Anderson has a grasp of Austrian economic theory. Together they have produced a simple yet unnerving view of the near future.