Morning Bell: Don’t Raise Debt Ceiling Without Balancing the Budget
All across America, families are balancing their budgets and even paying off debt. Since the financial panic of 2008, personal debt has fallen as Americans… Read More
Debt Ceiling: Default Not at Issue, Federal Spending Is
President Obama is expected to make his case for a debt ceiling increase at a press conference this morning. The development comes as House Republicans… Read More
Chinese Money Mysteries Solved
The Wall Street Journal this week observed that money is leaving China. It has been doing so off and on since the economic crisis began,… Read More
Another Day, Another Default: Postal Service to Miss $5.6 Billion Payment to Treasury
In August, the U.S. Postal Service (USPS) failed to pay $5.5 billion due to the Treasury Department to fund health benefits for its retirees. This… Read More
Budget Deficits vs. Exports
The federal government recently announced that it is expected to run a budget deficit of more than $1 trillion for the fourth straight year. One… Read More
Fannie and Freddie: The Bailout Continues
U.S. taxpayers were reminded on Friday (and again this morning) that our long national Fannie Mae and Freddie Mac nightmare is far from over. On… Read More
Morning Bell: The Unaccountable Obama Czar State
Yesterday the United States Department of the Treasury Special Master of Compensation Kenneth Feinberg announced a wage control scheme for the 175 executives of the… Read More
What Next? Taxpayers Buying Humor Edition (Updated)
While America debates rising deficits, rising debt, and reckless spending bills, the mood in Washington is understandably sour. For the Americans fortunate to have jobs… Read More
Insurers Just Saying “No” To TARP?
What if they ran a bailout program and no one came? Last year, the Bush Administration Treasury Department opened TARP’s doors to insurance companies, a… Read More
