Over the weekend, the White House released a report detailing some of the programs and services in California that would be impacted beginning Friday, March 1st, by the White House Budget cuts necessary to meet sequestration requirements. The Administration has threatened that the cuts will result in a massive contraction of the national economy. The [...]
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The Left’s premier economists, such as Paul Krugman, John Cochrane, Robert Stiglitz and Gary Becker blamed the “Great Recession” on the failures of capitalism and championed massive “government investment” as the right medicine to revive U.S. growth. But after $6.2 trillion of deficit-spending and the economy suffering the worst recovery in US history, these academic geniuses are [...]
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It was sad to watch Federal Reserve Chairman Ben Bernanke being forced to hold a political press conference for the first time in the Fed’s 102 year history. Bernanke nervously defended the merit of the Fed subsidizing $3 trillion in Congressional deficit spending and $2 trillion in Wall Street bail-outs; but he looked tired and [...]
READ MORE »The earthquake and tsunami that struck Japan on Friday has caused tragic devastation to lives and property, but Japan may soon be over-whelmed by a debt crisis tsunami of epic proportions. With crony deficit spending by the Japanese government having destroyed its economy over the last two decades; Japan now has a real national crisis [...]
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