Government strategy is misguided. It contradicts both common and economic sense. It will make the inevitable adjustment more painful. Instead of admitting their mistakes, government insists on compounding them.
Post Tagged with: "bankruptcy"
November 3, 2011 04:26
George Soros Trader Involved in Bankrupt Firm Tied to Obama
Hundreds of millions of dollars are reportedly now missing from the firm’s customer accounts. The firm is said to have experienced major losses because of questionable investments in European bonds.
February 25, 2011 12:27
Top 12 Countries Most Likely To Go Belly Up
Europe trumps all other regions with 11 out of twelve courtiers rated as “extreme risk.” However, quite surprisingly, only one PIIGS country–Italy which takes the top spot–is in the top 12.
January 21, 2011 10:32
12 Economic Collapse Scenarios That We Could Potentially See In 2011
What could cause an economic collapse in 2011? Well, unfortunately there are quite a few “nightmare scenarios” that could plunge the entire globe into another massive financial crisis.
January 20, 2011 09:41
DeMint warns of bankruptcy, draconian tax increases, and economic stagnation – offers plan to cut $2.5 trillion
Unless Washington takes swift action to cut spending, we will chain our children to debt and rob them of opportunity to reach for the American Dream. On its own, passing the Spending Reduction Act will not get us over the finish line — but we will get a $2.5 trillion head start.
December 23, 2010 09:25
Government Waste: 20 Of The Craziest Things That The U.S. Government Is Spending Money On
It is almost as if some sort of collective insanity has overtaken most Americans. The path we are on inevitably leads to national bankruptcy and the destruction of our financial system, but only a small percentage of the population seems to care.
December 6, 2010 12:20
The con of the century – Federal Reserve made $9 trillion in short-term loans to only 18 financial institutions. Since 2000 the US dollar has fallen by 33 percent. The hidden cost of the bailouts.
The Fed operated as a global pawnshop taking in practically anything the banks had for collateral.
July 29, 2010 04:26
Schwarzenegger: Cailfornia near “fiscal meltdown”
A budget crisis last year pushed California, which would have the world’s eighth largest economy if it were a country, to the brink of bankruptcy, sending the state’s credit-rating plunging and forcing it to start paying bills with IOUs.
July 16, 2010 13:29
The CBO Warns the Nation; Is Anybody Listening?
To compound the alarm, the CBO admits to understating the severity of the problem because its report does not include the negative impact that “substantial amounts of additional federal debt” would have on other aspects of the nation’s economy.
July 5, 2010 07:05
Then Sen. Obama’s home state stops paying bills
$5.01 billion. “This is what the state owes right now to schools, rehabilitation centers, child care, the state university — and it’s getting worse every single day,” Illinois’s comptroller, Daniel W. Hynes. “This is not some esoteric budget issue; we are not paying bills for absolutely essential services,” he says. “That is obscene.”
