Both Congress and the President readily admit that without an increase in the debt ceiling, the government will default on its obligations.
The elevation of taxpaying into an act of patriotism seems a stretch for most Americans.
Mr. Obama has joined with the Republicans in perverting the vocabulary to pretend that government is the problem, not his campaign contributors on Wall Street.
The concern today, especially for Washington, is to keep the European utopia alive for as long as possible.
Last-minute statistics might provide President Obama with some tailwind.
While some continue to argue that the US can only get its fiscal house in order by running trade and/or budget surpluses, it would seem the US’s official gold stock could be revalued to the extent that no trade or budget surplus is necessary as any sort of precondition.
On the eve of this evening’s US presidential debate and with two weeks to go before the election, we thought it would be fitting to publicly endorse our favorite candidate – the Realist.
Risky assets continue to surge, turning a blind eye to the weakening global economy.
CIA Analysis Acknowledges Intelligence Failure on Iraq’s WMDs.
Under a gold standard, the free market determines money supply and interest rates.
Ryan never considers how rising interest costs on the many trillions of dollars of outstanding government debt holdthe potential to completely upend budget projections.
Lower tax burdens, less onerous regulation, and the end of state sponsored crony capitalism will energize real businesses.