The Most Expensive War in World History: Costs of Iraq, Afghanistan wars could rise to $6 trillion

April 2, 2013 in News

Global Research Blogs | Over a decade of US wars of aggression in Afghanistan and Iraq will in the end cost as much as $6 trillion, the equivalent of $75,000 for every American household. These wars have left the United States heavily indebted…

Massive National Debt is Steering U.S. Economy into a Death-Spiral

February 25, 2013 in News | At what point does the size of a country’s national debt begin to weigh down the growth potential of its economy?

Argentina’s Kirchner Enacts Price Controls on Supermarket Products in Attempt to Hide Inflation

February 7, 2013 in News

Zero Hedge | Up until now, Argentina’s descent into a hyperinflationary basket case, with a crashing currency and loss of outside funding was relatively moderate and controlled. All this is about to change. Today, in a futile attempt to halt inflation…

Boston Prof. Kotlikoff on Fiat Money and Taxation With Misrepresentation

January 23, 2013 in News

Forbes | No doubt, you’ve heard about the latest irresponsible fiscal/monetary proposal to be floated by members of Congress and the erstwhile economist, Paul Krugman, whose lunch was just eaten by Jon Stewart. It entails having the Treasury avoid the federal debt limit…

Former Presidents Keep Screwing American Taxpayers Even Out of Office

January 18, 2013 in News

The New American | Capitalizing on a little-noticed component of the federal budget, a number of former U.S. presidents are enjoying the retirement benefit of millions of taxpayer dollars, including expenses for rent, postage, phone, and office staff, and even their satellite television bills.

Peter Schiff: Inflation Propaganda Exposed

January 11, 2013 in News

YouTube | Peter Schiff: Inflation Propaganda Exposed

The $1 Trillion Platinum Coin Is As Good an Idea As FDR’s Court-Packing

January 7, 2013 in News

National Journal | There’s been lots of talk on the interweb machine about using platinum coins to solve the debt-ceiling crisis. Although it’s almost certainly just the theoretical fun of economics writers, and is extremely unlikely to happen…

Treasury Secretary Tim “The $13.6-Trillion Man” Geithner Makes His Getaway

January 7, 2013 in News

Traces of Reality | Bloomberg reports that Treasury Secretary Timothy F. Geithner will be resigning from his position by the end of January. He leaves after spending trillions of dollars, bailing out his buddies, and thrusting the nation’s economy towards a rapidly-approaching debt ceiling.

Senators Got 154-Page ‘Fiscal Cliff’ Bill 3 Minutes Before Voting on It

January 5, 2013 in News

CNS News | The U.S. Senate voted 89-8 to approve legislation to avoid the fiscal cliff despite having only 3 minutes to read the 154-page bill and budget score.

The Fiscal Cliff Deal: Taxpayers Pay More, Deficits Rise

January 4, 2013 in News

The New American | …commentators have been working feverishly to determine exactly what is in the 157-page bill that no one had time to read after being rushed to completion at the very last minute.