Swindling America’s Youth

Dr. Mark W. Hendrickson,FloydReports.com

We older Americans have saddled our youth with a mind-boggling public debt—over $20 trillion already spent ($14.3 trillion of “official” national debt plus various off-budget expenditures,according to the U.S. Treasury);trillions more of projected deficit-spending over the coming decade;and tens of trillions of dollars of [...]

Big Spenders Will Win the Debt-Ceiling Dance

Dr. Mark W. Hendrickson,FloydReports.com

Once again it’s time to talk about raising the statutory limit on the U.S. government’s debt—the so-called “debt ceiling.” Treasury Secretary Timothy Geithner has estimated that Uncle Sam will reach the debt ceiling before Tax Day,possibly even before the end of March.

Even earlier,on March [...]

Our Only Answer is Bankruptcy

Thomas Sowell,Investors Business Daily

(Thomas Sowell discusses abolishing the Fed on Judge Napolitano’s show.)

Government budget crises can be painful,but the political rhetoric accompanying these crises can also be fascinating and revealing.

Perhaps the most famous American budget crisis was New York City’s,back during the 1970s. When President Gerald [...]

China warns Obama deficit spending must stop

By Jerome R. Corsi,WorldNetDaily

 Obama has spent us out of house and home

One day after the Chinese Prime Minister Wen Jiabao snubbed President Obama at the United Nation’s Copenhagen Climate Summit,the Chinese warned the United States that China’s ability to continue buying U.S. Treasury debt was limited.