US Action News

Each Chicago household is on the hook for more than $61,000.

Maybe America is waking up. My father is an “old geezer.” He is retired Air Force, a combat veteran and an old style conservative Democrat. That was before Democrats became socialists. He forwarded me the email below titled Old Geezers.

Nancy Pelosi was wrong. Congress passed the bill, but we still don’t know what’s in it—because the Obama Administration keeps changing rules and ignoring the law.

Now 130 square miles of sadness.

He wasn’t talking to local tea partiers; he was talking to his Republican Member of Congress.

Many still refuse to admit that improving healthcare was never the goal of Obama and his radical leftists who wrote the bill. This is simply socialized medicine that Reagan warned us about. More ….

Detroit is only just the beginning. When the next major financial crisis strikes, we are going to see a wave of municipal bankruptcies unlike anything we have ever seen before.

The loss of income from the redemptions comes to a cool $3.3Bn a year. That is chump change at SSA – but it will happen again next June when another chunk of high coupon paper rolls off the books. – Bruce Krasting

It’s not “progress” to merely repeat what has always ended in disaster. The road less traveled is freedom, in economics as much as anywhere.

The biggest risk is that created by our own politicians and institutions – by those we trust to somehow protect us from risk.