US Action News

Sarah Palin has personal experience in dealing with oil issues and is greatly concerned about bailing out socialist countries with borrowed tax dollars.

Mervyn King, Governor of the Bank of England, fears that America shares many of the same fiscal problems currently haunting Europe. He also believes that European Union must become a federalised fiscal union (in other words with central power to tax and spend) if it is to survive.

The American people know we are on the precipice of our own debt crisis.

We keep hearing that word ‘unsustainable’ in regard to the US deficits and resulting debt but we keep spending like, well like politicians.

Call your lawmakers now. Demand a stop to this insanity!

Social Security, Medicare and the retirement of the baby boom generation wasn’t enough of a burden for the American taxpayer. We will now be paying as well for the generous pensions of Greek bureaucrats retiring in the warm Mediterranean sun at age 55, thanks to the foresighted leadership of our very own international statesman, Barack Obama.

The worst has passed. Or has it? Greece’s plight challenges this optimistic interpretation. It implies that celebration is premature and that the economic crisis has moved into a new phase: one dominated by the huge debt burdens of governments in advanced societies. Comparisons with the Great Depression remain relevant — and unsettling. Now, as then, we may be prisoners of deep and poorly understood changes to the world economic system.

The reckoning has arrived in Greece, but it awaits most wealthy societies. Americans dislike the term “welfare state” and substitute the bland word “entitlements.” What happens if all these countries are thrust into Greece’s situation? One answer — another worldwide economic collapse — explains why dawdling is so risky.

The Marxists used to be the experts in exploiting human suffering for the purposes of sparking revolution. But the hedge funds are doing better than the Marxists.

Panic spurs plunge, partial recovery