Vallejo, California, is on the verge of its second bankruptcy, primarily because of its unwillingness to negotiate its pension plans' terms.
Although SOPA (the Stop Online Piracy Act, which pushed for federal control over the Internet) died in Congress, it is alive and well in the Trans-Pacific Partnership.
The welfare state under Obama continues to expand, exacerbating all the faults and fallacies of such schemes, as predicted years ago by Henry Hazlitt.
The globalist establishment, Russian authorities, and the Obama administration are pushing hard for a series of controversial “reforms” aimed at massively expanding the power and resources of the International Monetary Fund (IMF) while further scaling back U.S. influence at the institution. Using various pretexts — and especially the crisis in Ukraine — governments and dictatorships, including Vladimir Putin’s Russia, are even threatening to proceed with the radical plot to empower the IMF whether the U.S. Congress approves it or not.