It’s so predictable. There’s a crisis. The Obama administration says it won’t provide a bailout, all the while knowing that the bailout is already in place.
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Tipping points and birth rates. The CBO seems to have ignored both of these in its calming report issued on Tuesday.
Aside from his arrogance and audacity, our “investment manager-in-chief” is now requiring Americans to fund the government’s debts directly from their paychecks.
Highland Park is just one more example of over-generous pension plans, banks ignoring weak financials, and city council members who are bad at math, pushing Detroit’s city-within-a-city into bankruptcy.
I feel for those citizens: they can’t afford to stay, and they can’t afford to move. All they can do is suffer, hunker down, and pay.
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.
If this isn’t proof of deliberate ongoing attempts to reduce America to third-world status, than I don’t know what is. This isn’t happening by accident.
The tea party has been compromised and decimated. Ryan has capitulated. Spending will continue unimpended.
In the face of the largest municipal bankruptcy in history, the state of Michigan decided to go ahead and let Detroit build another half-a-billion dollar public works project in order to “stimulate” the economy. Will these people ever learn? Apparently not.
At the present rate of growth in disability recipients, SSDI will be bankrupt in three years.