By Jim Bacon for Boomergeddon
One unalterable fact will shape the debate over the size and scope of federal, state and municipal government over the next decade: Interest payments on the national debt will become overwhelmingly, mind numbingly large. It is impossible to hold meaningful discussions about taxes and spending priorities without fathoming this harsh reality.
According to projections made by the Office of Management and Budget (OMB) in its fiscal 2011 mid-year review, Read More »
Government Shutdown Grows Likelier - Wall Street Journal
As Obama and Congress Fiddle, America Liquidates Housing Sector – Reuters
Which Is Closer to Your Inflation Rate: 2.1% or 6.7%? – LA Times
Barack Obama Takes a Back Seat and Signals a New Role for the U.S. – Telegraph
Humpty in Toytown and the Arab Boomerang – The Spectator UK
By Peter Morici
After missteps addressing Congressional concerns, President Obama has articulated clearly the goals, means and duration of the U.S. military action in Libya. Critics may say he did not address those issues, but he did and the answers are not acceptable.
The President’s speech at the War College articulated the Obama Doctrine on the use of U.S. military force when America’s humanitarian interests may be at stake but an imminent threat to Read More »
As Shutdown Looms, Both Parties Are Still Ignoring the BIG Issues – Yahoo
Real Estate Crash Catches Up to Cities as Property Taxes Slide – Bloomberg
Where the Bailout Went Wrong – NY Times
Jim Rogers: Oil To Rise; Nuclear Energy Will Come Back – CNBC
Patent Reform: A Rare Bipartisan Triumph for Innovation and Growth – Real Clear Markets
“Last week on his website JSMineset.com, Mr. Sinclair outlined “why” we are already way over the edge right now and why gold is going much higher in price.
Here are a few of his reasons that I picked out from his bullet pointed post: “You must realize that the economic and political damage is already done. You must realize that the mountain of OTC derivative paper is not going away. . . . Read More »
By End of the American Dream
The 22 facts that you are about to read are all real, although admittedly they are hard to believe. The sad truth is that millions of middle class families in the United States today are being savagely crushed by this economy. Most American families would like to be saving money, paying the mortgage and living the American Dream, but with each passing month those things are becoming Read More »
Goldman, BofA Merrill Warn U.S. Economy Is Losing Momentum – LA Times
Obama: He’s Moving His Lips, But He’s Not Saying Anything – Powerline
U.S. Population: Voting With Their Feet – Sowell/Investor’s Business Daily
Lessons from the States: Prosperity Reigns Where Taxes Are Low and Right to Work Prevails – Washington Times
Is Inflation Causing Americans to Stop Spending and Become Frugal? – TIME
The economy picked up in the first quarter. After adding 175,000 jobs in February, economists expect the Labor Department will report on Friday that the economy added 188,000 jobs in March. However, events in Japan, Libya and the wider Middle East, and the European sovereign debt crisis threaten to reverse these gains and thrust the economy into a second recession.
Longer term, job gains in the range of 200,000 a month Read More »
EDITOR’S COMMENT: I’ve long felt that these career bureaucrats in the European Union or European Commission were out of touch with reality. Now, it appears that they are so blinded by their Communist mission that they are willing to destroy whatever remains of their weakened economies and their lowered standard of living.
Don’t laugh, because there are a number of advisors and “czars” in the Obama administration who have similar thoughts and hopes!
Read More »
