Written by American Exceptionalism has routinely been underestimated by America’s adversaries. We have argued for the last year that powerful trends are reshaping U.S. that will lead to result a rebirth of American manufacturing. Coupled with positive business trends, just as powerful political trends are shrinking the size of government and its capacity to intervene in the [...]
READ MORE »Monthly archives for October, 2011
Facing Downgrade to Junk, California Tries Pension Reform
Jerry Brown, California’s quirky Governor, has made a credible first step on the road to reforming the State’s insolvent public pension plans. The state is the global leader for financially irresponsible government by racking-up $350 billion in unfunded pension liabilities. But with the threat of California’s credit rating being cut to the same “junk” level [...]
READ MORE »WANT TO BE WEALTHIER IN RETIREMENT; WORK FOR BIG GOVERNMENT
Center for Retirement Research at Boston College just released an analysis “Comparing Wealth in Retirement: State-Local Versus Private Sector Workers” to determine the wealth effect in retirement from 1996 to 2006 for former public employee versus the private sector workers at age 65, after adjusting for workers with similar characteristics of education and experience: “The [...]
READ MORE »GERMAN GOLDEN RULE DESTROYS THE EUROPEAN PIGS
The concept that seventeen independent rich and poor European countries could come together in a monetary union and perpetuate the “euro” currency has always been a fraud. The real story behind the formation of the euro was the “Grand Bargain”. The governments of the PIGS (Portugal, Italy, Greece, and Spain) receive colossal bribes in the form [...]
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