America’s Government Debt Bomb

Stephen Moore,   I’m asked every day if America is the next Greece or Detroit or Puerto Rico — and the answer is an unequivocal no. The U.S. economy — especially the private sector — is structurally very healthy. That wasn’t the case on the eve of the great financial meltdown of 2008 when American companies… [Read More]

Student Loans May Be Driving the Tuition Explosion

The surging cost of U.S. college tuition has an unlikely culprit: the generosity of the government’s student-aid program, a report by the Federal Reserve Bank of New York said. Increases in federal loans, meant to help students cope with rising costs, are quickly eaten up by schools in higher prices, wrote David O. Lucca, Karen… [Read More]

The 75 Trillion Dollar Shadow Banking System Is In Danger Of Collapsing

Michael Snyder | Economic Collapse Keep an eye on the shadow banking system – it is about to be shaken to the core. Keep an eye on the shadow banking system – it is about to be shaken to the core. According to the Financial Stability Board, the size of the global shadow banking system… [Read More]

Russia and China Just Put Another Nail in the Coffin of the Bretton Woods Petrodollar System

Dollar collapse will result in war and police state fascism at home. Sanctions imposed on Russia have little to do with Ukraine or the supposed aggressive behavior of Vladimir Putin. They are a direct response to a Russian move out of the petrodollar system that has ruled since the 1944 Bretton Woods Conference that established… [Read More]

We Might As Well Face It – America Is Addicted To Debt

Michael Snyder | Economic Collapse Corporations, individuals and the federal government continue to rack up debt at a rate that is far faster than the overall rate of economic growth.  We are literally drowning in red ink from sea to shining sea, and yet we just can’t help ourselves.  Consumer credit has doubled since the… [Read More]

Denninger: “Wake Up America Before You Get Shot… And Possibly (Yes, Literally) Eaten”

Mac Slavo | America’s debt problems aren’t going away. America’s debt problems aren’t going away. In fact, they will continue to get worse. Karl Denninger recently cited a Bloomberg report to make his point at the Market Ticker: Driven by higher interest costs, Social Security and Medicare for baby boomers, as well as tax cuts made permanent… [Read More]

The Sixteenth Amendment Was a Mistake

Grover Norquist, The week before April 15 my latest book was published, titled “End the IRS Before it Ends US – How to Restore a Low Tax, High Growth, Wealthy America.” The timing was exquisite. The title drew two questions: Can you really mean getting rid of the IRS? Don’t we need some agency collecting… [Read More]

Obama’s Hidden Taxes Crushing Economic Growth

Brian Darling,   When I came to Washington years ago, I had a revolutionary glimmer in my eye. I hated big government and I wanted to join a political movement to dismantle it. That was a long time ago, yet sometimes that rage kicks in when I read about the creeping socialism that is slowly destroying… [Read More]

Student-Loan Surge Undercuts Millennials’ Place in U.S. Economy

 Surging student-loan debt represents a key risk to the economy’s expansion because wage gains are failing to keep up, according to Beth Ann Bovino, U.S. chief economist at Standard & Poor’s. As the attached chart illustrates, the dollar amount of borrowing has increased in each quarter since 2003, when data compiled by the Federal Reserve… [Read More]

Economic Slowdown Confirmed by Gross Output and B2B Data

Paul Dykewicz,  The U.S. economy is slowing but thus far is avoiding a recession, according to the latest data from the Bureau of Economic Analysis. Gross Output, a broadened measure of U.S. economic activity published by the bureau, grew “much more slowly” in the fourth quarter of 2014 than the previous quarter or the same… [Read More]

America’s crumbling infrastructure: U.S. Bridges Falling Down and No Help

 The cheapest borrowing costs in five decades aren’t enough of an incentive for states and cities to address their crumbling bridges and roads. While municipalities have issued a record $130 billion of long-term, fixed-rate bonds this year, an unprecedented 70 percent of the deals have gone to refinance higher-cost debt, rather than fund capital expenditures,… [Read More]

Clinton vs. Clinton

Victor Davis Hanson,  Hillary Clinton apparently plans to base her presidential campaign on the noble goals of greater fairness and shared sacrifice. She has already lambasted vast differences in compensation. “The average CEO makes about 300 times what the average worker makes,” Clinton warned. She is right — but can best appreciate that fact from… [Read More]