Bruce Rauner, Illinois’ new Republican governor, was inaugurated on Monday and is facing a daunting task: a $4 billion backlog of unpaid bills and a budget showing deficits approaching $21 billion in three years unless something is done.
With the number of subprime auto loans increasingly dramatically and defaults increasing apace, will the country's gains in GDP take a tumble when this bubble bursts?
Despite frantic opposition by the privately owned Federal Reserve and Democrat leadership in Congress, newly empowered Republican lawmakers, now in the majority in the Senate as well, plan to hold a vote on “Audit the Fed” legislation to scrutinize the secrecy-obsessed central bank. Federal Reserve bosses are already lashing out and lobbying lawmakers “forcefully” to reject efforts at congressional oversight and transparency. Senator Rand Paul (R-Ky.) and a coalition of his colleagues, though, are determined to see the bill become law this year, and congressional leadership has pledged to allow a vote.
Using manipulated economic numbers, a liberal writer makes the case that the Obama economy is robust.
As the world’s nations are increasingly cobbled together into freakish and largely arbitrary regional unions via economic and political “integration,” transnational currencies are also advancing quickly. The European Union’s controversial single currency, the euro, is the furthest along. However, in the coming years, it will not be alone — at least if globalist forces have their way. With the internationalist-backed African Union usurping more power, for example, regional currencies are already in use across parts of that continent. Two more emerging regional regimes, meanwhile — the Eurasian Union and the Union of South American Nations (UNASUR or UNASUL) — are now making similar moves toward the creation of an eventual monetary union.
Remarkably, the economic patient is slowly beginning to recover from its overdose of enforced remedies inflicted on it by the fixers.