The US government and the presstitutes that serve it continue to lie to us about everything. Today the Bureau of Labor Statistics told us that the unemployment rate was 3.9%. How can this be when the BLS also reports that the labor force participation rate has declined for a decade throughout the length of the... Read More

The US Treasury’s recent announcement that the government will reach the debt ceiling on November 3 means Congress will soon be debating raising the government’s borrowing limit again. Any delay in, or opposition to, raising the debt ceiling will inevitably be met with hand-wringing over Congress’ alleged irresponsibility. But the real irresponsible act would be... Read More

My parents, who lived through the 1930's Depression, taught me two rules: don't buy anything until you can pay for it with your savings; and always save a sizable portion of your income. The United States, once powerhouse to the world, is hooked on debt. America has become so addicted that regular hits are necessary... Read More

Do we need more proof that politicians should never be given national credit cards — unless, of course, they are German, Swiss or Scandinavian. The thunder of crashing equity markets, the humiliating downgrade of America's once gold-standard credit rating, and stern lectures on financial rectitude from the Chinese Communists of all people are the latest... Read More

Barack Obama stormed out of a meeting with Republican leaders on Wednesday when negotiations broke down over raising the $14.3 trillion debt ceiling. According to one report, the usually-unflappable Obama unloaded on House Majority Leader Eric Cantor (R-Va.) dressing him down in front of his colleagues. Here's a blurb from an article by Time's Joe... Read More

Once, while driving in rural Virginia, I saw a billboard that proclaimed, "Jesus Saves." Some wag had scrawled across the bottom, "But Moses invests." Today, change that to "the US borrows while China lends." As my friend and veteran columnist Arnaud de Borchgrave writes, while the US has wasted $1.5 trillion on its Afghan and... Read More

One of history's most important lessons is that politicians should never be given a free hand to borrow money to cover the costs of wars, overseas adventures, or military spending. More empires have been brought down by reckless spending than by invaders. The late Soviet Union, which wrecked its economy by buying too many tanks,... Read More