Police and firemen in Memphis are quitting and finding work elsewhere because their pensions have been underfunded and must be scaled back.
The international Energy Agency is astonished that the oil industry continues to produce at record levels, despite predictions there would be production cuts.
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.
The employment report from the Labor Department on Friday was hailed as more evidence that the worst from the Great Recession is now in the rear view mirror, and receding. But the numbers are deceptive, and if we continue exporting jobs via so-called free trade agreements the economy will get worse.
Right now, the IMF is trying to forward controversial “reforms,” changes that are strongly supported by the Obama administration and most IMF member regimes, that would massively expand the institution’s power and the burden it imposes on taxpayers — particularly American taxpayers — by doubling IMF resources. The scheme would also diminish U.S. influence in IMF decisions while boosting the voice of the communist dictatorship ruling mainland China, Putin’s Kremlin, the pro-Castro Brazilian government, and various other regimes that the UN refers to as “emerging markets.”
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.