Greece’s recent escapades in economic disaster are a sobering example to the United States of the consequences of allowing government spending to far exceed revenue. But though Americans’ concern regarding the financial outlook of the federal government grows, those with the power to act something seem largely unaffected. The International …
In his latest New York Times column, Paul Krugman manages to make some useful observations before slipping into his usual role of distorting propagandist. His most important observation is in his title, “We’re Not Greece”. For that matter, we’re not Portugal or France, either, for all of which we can …
An interesting, if alarming Op-Ed in the Washington Times by Ernest Christian and Gary Robbins this week, outlines what is likely to happen due to Washington’s Devil-may-care spending habits. The authors point out that according to the Obama administration’s planned budget, the gross national debt will reach 123% of GDP …
The European economic model is dead. Don’t believe us? – Ask The Washington Post. Yesterday’s front-page story reported that the loans being made to stave off the debt crisis come with conditions which, if enforced, would require “European governments [to] rewrite a post-World War II social contract that has been …
The Greek financial crisis and its spillover effects in Europe provide a scary look at America’s possible economic future if we don’t get our economic house in order. Underneath the big bailout numbers ($146 billion rescue package for Greece; trillion dollar support for the Euro and European government bonds) are …
Uh oh. Just when it seemed Sino-American shouting over the undervalued yuan was quieting down, surprise guests are threatening to incite a riot. The problems in Greece, Portugal, and perhaps elsewhere in southern Europe are a threat to the euro. A damaged euro may mean the widely-anticipated change in Chinese …
British voters go to the polls on Thursday in the tightest political race in the UK in a generation. Several opinion polls have indicated the strong possibility of a hung parliament, with a Conservative minority government led by David Cameron as prime minister. In order to guarantee passage of legislation …
