Deficit Reduction: Forget the 1%, Government Workers Enjoy Much Better Pay At Your Expense*
While America is more than $16 trillion in debt, we also have nearly $122 trillion in unfunded liabilities, which no one seems to be focusing on. Right now, every American taxpayer is liable for more than $1 million in unfunded liabilities.
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Soros: “I am not here to cheer you up…”
Consider this an open thread. Most people know the name George Soros, the mastermind behind…well, a lot of stuff. This comes via the Daily Beast. Sitting in his 33rd-floor corner office high above Seventh Avenue in New York, preparing for his trip to Davos, he is more concerned with surviving than staying rich. “At times like these, survival is the most important thing,” he says, | Read More »
China’s Grip on U.S. Debt
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the slumping markets, China’s holding of U.S. debt and Peter Diamond’s child-like tantrum. We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. If you’d like to email us, you can do so at coffee[at]newledger.com. We | Read More »