As California continues to drown in red ink, it's worth noting how the state got into such fiscal dire straits in the first place, as a lesson about how not to run a government.
A bipartisan group of legislators from around the country led by Rep. Diana DeGette (D-Colorado) introduced a bill in Congress today that would clarify that Colorado and Washington may fully implement the new marijuana laws approved by voters on November 6.
Starbucks customers may have to raise their weekly coffee allowance if they set their sights on Starbuck’s new specialty brew, the Costa Rica Finca Palmilera, which costs a daunting $7 for a 16-ounce grande cup.
Those pesky debt ceilings are just never high enough. Not $10 trillion, nor $14 trillion or even $18 trillion. The problem with debt ceilings is that, in a nation of runaway, criminally insane debt multiplication, debt ceilings keep getting in the way of what the globalist banksters really want: INFINITE debt!
The European nation of Greece appears to be sliding ever so progressively into the abyss of total collapse, as illustrated by a recent government measure aimed at feeding the growing hordes of hungry, unemployed Greeks across the nation.
I've been pondering this topic for weeks, trying to find the words to communicate the full impact of this realization to which we are all increasingly awakening.
Mr. Jeffrey Zients is the Deputy Director of the Office of Management and Budget (OMB) in Washington, D.C. He was recently allowed ten minutes to brief President Obama on the catastrophic rise in U.S. federal debt, which has grown by approximately $4 trillion under the Obama administration.
Political theater is so amusing these days that it deserves some comment.
While the stock market in the US continues to surge (if not so much in China where the composite is back to 2009 lows) as the relentless liquidity tsunami makes its way into stocks, and other Fed front running instruments, and only there, reality for everyone else refuses to wait.
Last week the mainstream media hailed QE3 as the “quick fix” that the U.S. economy desperately needs, but the truth is that the policies that the Federal Reserve is pursuing are going to be absolutely devastating for our senior citizens.