Government spending

Food Stamps For The Wealthy – Millionaires Meet Eligibility Requirements

Food Stamps For The Wealthy - Millionaires Meet Eligibility Requirements

Newt Gingrich started a food fight at the last Republican debate by calling Barrack Obama “The Food Stamp President” and suggesting that food stamps were creating dependence on the government.  Mr. Gingrich went on to say that […]

How Much Is A Trillion Dollars? – U.S. Debt Levels Exceed Comprehension

How Much Is A Trillion Dollars? - U.S. Debt Levels Exceed Comprehension

With little press coverage and no debate by Congress, the U.S. debt level is set to automatically increase by another $1.2 trillion in January. The most remarkable aspect to the latest huge increase in U.S. debt is […]

Obama Jobs Plan Bad Joke For Both Employed and Unemployed

Obama Jobs Plan Bad Joke For Both Employed and Unemployed

The long awaited and hugely hyped Obama “Jobs Solution Speech”, hastily crafted between rounds of golf on the Vineyard, is unlikely to help either the employed or  unemployed. Obama’s calls his new proposals the “American Jobs Act” […]

Latest Government Scheme For Growth – The Invisible Tax Cut

Pulling forward future demand to stimulate economic growth didn’t work with the cash for clunkers program or housing tax credits.   Car and home sales collapsed after consumers who were going to buy cars or houses anyways bought today instead […]

Local Governments Join The Strategic Default Movement

As if creditors didn’t have enough worries with nonperforming consumer debt and defaulting  real estate mortgages, it now appears that another wave of debt defaults has started – this time by municipal borrowers. Consider the City of […]

US Treasury Calls TARP Repayments A “Milestone” While Ignoring The Elephants In The Room

Treasury’s Victory Call On Financial Bailout Premature The Treasury Department’s latest public relations effort to highlight the success of the financial system bailout focuses on the amount of TARP repayments versus total debt outstanding.  In addition, the […]

Mr Obama, Please Don’t Read This

Mr Obama, Please Don't Read This

US Companies Build Massive Cash Reserves Based on Economic Worries Wall Street Journal – U.S. companies are holding more cash in the bank than at any point on record, underscoring persistent worries about financial markets and about […]

Geithner Lectures Europe On Fiscal Discipline – This Is Like BP Giving A Seminar On Oil Well Safety

With Europe Facing Meltdown Geithner Offers Advice After recently “saving” the US from economic Armageddon, Treasury Secretary Geithner must feel uniquely qualified to  advise European governments on their looming sovereign debt crisis.   Geithner’s solution to Europe’s out […]

Why The Biggest Risk To The Economy Is A Strong Recovery

Why The Biggest Risk To The Economy Is A Strong Recovery

Concerns about the current economic mess turning into another Great Depression seem to have faded.  The consensus view of  government officials and private economists seems to be that the economy, although still fragile,  is well on its […]