With union pension plans on the route to going broke and unions looking to the Pension Benefit Guaranty Corporation, it should be asked, "And just who backs up the PBGC?"
Although forecasters are surely correct that the deficit spending that the country has been engaging in cannot last forever (and will likely end in turmoil), the trick to forecasting is getting the date right.
Treasury Secretary Steven Mnuchin said on Fox News on Sunday that cuts in entitlement programs — i.e., Social Security and Medicare — won’t appear in the president’s budget.
The Heritage Foundation's James Sherk blows up the Robin Hood assumptions of economists who should know better.
Bill Clinton led an upstart charge to the White House by effectively tapping into voter worries about the economy. Proving that history repeats itself, Donald Trump used a simple, clear strategy to do the very same thing in 2016.
An economic crisis of potentially historic proportions appears to be just around the corner, and the establishment may be setting up President Donald Trump and other anti-globalist forces to take the blame for it. So says former congressman and GOP presidential candidate Ron Paul and other economic experts with a proven track record of accuracy who have studied the issue. And at this point, there is probably nothing that can be done to stop it.
The elites are prepping for doomsday — say WW3, a civil war, or other societal collapse — by buying land in New Zealand and condos in old missile silos, and stockpiling food and ammunition.
The Obama-era Foreign Account Tax Compliance Act (FATCA) horror show may be coming to an end. With President Donald Trump in the White House and Republicans in charge of both houses of Congress, critics and victims of the scheme, dubbed the “the worst law most Americans have never heard of,” are launching a fresh push for repeal. From foreign political leaders and powerful CEOs to embattled Americans overseas and domestic activists, pressure is building on Republicans to adhere to the GOP platform calling for abandoning the controversial measure. And with major tax reform high on the agenda for the new Congress and Trump, analysts say there is a very real opportunity for the entire FATCA regime to come crashing down — if the pressure stays on.
With the savings rate in the United States projected to fall to 3.13 percent by year end, it's no surprise that populist rhetoric offering "free" things has captured the attention of so many Americans. Saving money is the antidote to the rise of socialism in the United States.
A senior Republican lawmaker is putting Federal Reserve System boss Janet Yellen on notice: There's a new sheriff in town, so America and American interests had better come first from now on. Citing the victory of President Donald Trump, Congressman Patrick McHenry (R-N.C.), the vice chairman of the powerful House Financial Services Committee, sent a letter to Yellen demanding an end to secretive negotiations with unaccountable foreign entities plotting to impose ever more burdensome regulations on Americans. In the letter, the congressman calls such scheming “unacceptable” and demands that it be stopped.