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  • Greece

    A Humorous Look At The World Economy

    There’s nothing funny about the state of America’s finances, or those in even more dire straights in Europe. Greece has lined up a bailout from other European countries and the International Monetary Fund. The European Union has announced a trillion dollar defense fund to ward off attacks on the Euro … More

    Guest Blogger: Rep. Joe Pitts (R-PA) on the VAT

    Today, 154 Republicans joined me on a letter to the President’s debt commission asking them to stand against a new value-added tax, or VAT. I’m proud to see our Conference unite against a tax that’s being pushed by Paul Volcker, John Podesta, and Nancy Pelosi. The VAT is clearly a … More

    Can U.S. Avoid Greek Disaster if Washington is Asleep at the Wheel?

    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 … More

    We’re Not Greece ... Yet

    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 … More

    Economic Suicide by Debt or Taxes

    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 … More

    Morning Bell: Can We Avoid Becoming Europe?

    The Treasury Department announced yesterday that the federal deficit for April soared to $82.69 billion, more than twice the $40 billion deficit that Wall Street economists had predicted. An April deficit is rare for the federal government (there has been a surplus in 43 out of the past 56 years) … More

    Europe Faces Reality

    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 … More

    Europe 2010: A Glimpse of America’s Economic Future?

    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 … More

    Will Greece & Co. Poison US-China Trade?

    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 … More

    Politics and Economics: A Deadly Mixture

    The tragic events unfolding in Greece, where at least three people have died in political rioting protesting austerity measures being imposed as part of an EU and IMF financial bailout, is a vivid reminder of the danger when the line between government and commerce is blurred or destroyed. In a … More