Blog Archives

More Income, More Debt, Less Wealth: Student Loan Poverty

student loan bubble

In case you missed it Bloomberg.com reported at the end of last week on student loan poverty: “College Debt Leaves Generation X Grads Less Wealthy Than Parents.” Most college-educated 30- and 40-somethings earn more than their parents did at the

Posted in Debt, Economy, Education, Email Featured Tagged with:

The First Casualty of War is the Budget

pentagon cash shredder

The saying you commonly hear is that “the first casualty of war is the truth.” The saying might have originated with Samuel Johnson in 1758: Among the calamities of war may be jointly numbered the diminution of the love of

Posted in Debt, Military, Spending Tagged with: , , ,

Record Revenues for the Federal Government as Debt Grows

Corporate_taxes

The Federal government is collecting record revenues yet they still can’t balance the budget. We have a massive spending problem, buttressed by a record number of Americans willing to live off money plundered from their productive neighbors (and I include

Posted in Debt, Spending, Taxes Tagged with:

Stock Market Debt: Beware the Bear!

NYSE investor credit and the market

A picture of stock market debt is worth 1000 words—I’ll be well below that. The markets are hitting new highs. Is it because the economy is performing so well, or is there another explanation? Check out the amount of borrowed

Posted in Debt, Economy Tagged with: , ,

Tennessee Is the Un-Illinois State

tre hargett

Terrible picture, but a great “State of the State” update from Tennessee Secretary of State, Tre Hargett, yesterday in Nashville. Here’s a man who has cut his office’s budget from over $30-million per year in 2009, to $27-million today—AND, they’re

Posted in Debt, Spending, Taxes Tagged with: , , ,

L.A. Infrastructure Showing Signs of Corruption

dollar bill eye pyramid

Showing city government and city planning at its finest, L.A. infrastructure is cracking up. Bloomberg.com reports: Los Angeles is showing its age, and city officials don’t have plans for financing the facelift. From buckling sidewalks to potholed thoroughfares to storm drains

Posted in Corruption, Debt, Spending, Taxes Tagged with: , ,

One Fifth of Seniors Have Nothing Saved for Retirement; Almost One Third of Everyone Have Nothing Saved

Broken piggy bank

Twenty percent of people fifty-five years of age and older have nothing saved for retirement. Thirty-one percent of adults of all ages have no retirement savings. According to the Washington Post: The sobering statistic was one of many released by

Posted in Banks, Debt, Economy, Federal Reserve Tagged with: , ,

The Obama Economy: Over a Third of Americans Dealing with Collection Agencies

debt collectors

Just how bad is the Obama economy? Associated Press reports that, according to a study by the Urban Institute, over 35 percent of people in the United States have unpaid bills or debts that have been turned over to a

Posted in Debt, Economy Tagged with: , ,

Auto Loans: The Entire Subprime Crisis is About to Happen Again

Grand-Theft-Auto-V

When the mortgage crisis hit, many people thought that it couldn’t take down the entire economy and bring about recession. They were wrong. So I have no way of knowing just how much damage the subprime bubble in used car

Posted in Banks, Business, Corruption, Debt Tagged with: ,

Is the Financial System Now More Unstable Than in 2007?

Broken piggy bank

We “solved” a debt-crisis by taking on additional debt. Why, with economic brilliance like that, what could possibly go wrong?!? I mean, when we don’t make enough to cover the mortgage and credit card payments don’t all of us rush

Posted in Banks, Debt, Economy, Federal Reserve Tagged with: , ,

IMF Wouldn’t Be Suggesting Such Bold Robberies if They Weren’t Desperate for Your Cash

christine lagarde

Most Americans simply can’t wrap their heads around the brutal side of socialistic thinking. The West was founded on Biblical ideals, including “You shall not steal.” Socialists, however, come from an entirely opposite worldview where private property is an illusion—everything,

Posted in Banks, Corruption, Debt, Federal Reserve Tagged with: , ,

Pentagon: We Need to Ruin American Economy for the Sake of These Endless Interventions

pentagon

According to a recent Reuters story, the military is suffering from the problem of “less money, more commitments.” First it was worries over the South China Sea, Afghanistan, Libya, Mali and Syria. Then it was Russia’s annexation of Crimea and

Posted in Debt, Economy, Military, War Tagged with: , ,