According to a Boston University economics professor who specializes in generational accounting, U.S. agencies are intentionally deceiving the public into believing that the federal government is not absolutely broke.
In a country where people extol the virtues of free enterprise, why is the U.S. government involved in the delivery of mail? After all, it would be difficult to find a better example of a violation of the principles of free enterprise than the U.S. Postal Service.
In calculating personal income in the United States, the Tax Foundation is missing a huge part of the economy: the one that runs just fine without government interference.
On Tuesday, the Wall Street Journal reported that the federal government will be paying $800 billion annually just to service the interest on its massive debt by 2025, up from just over $200 billion currently.
Americans may not be too surprised to learn that the 5.6 percent unemployment rate the U.S. Department of Labor is touting is entirely misleading; it's currently 12.6 percent.