The US Is Broke. No One In the US Seems to Care – But the World Does

My high school senior year (Class of 1989) history teacher asked us what we thought was the single largest problem facing the United States. I said the federal government’s debt. I was the only one who did so. The teacher rolled his eyes when he read mine aloud – as if it was the dumbest of all possible submissions.

From Where Will All This Money Come?

The biggest issue in foul, fetid, fuming, foggy, filthy Philadelphia at the moment is more state funding for the Southeast Pennsylvania Transportation Authority, or SEPTA, the mass transit agency which run buses, trains, trollies, and subways in the metropolitan area. SEPTA has a projected $213 million deficit, and has instituted significant service cuts to try …

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Biden administration’s profligate spending claims another victim, more will follow

As Warren Buffet once famously said, “Only when the tide goes out do you learn who has been swimming naked.” And last week, that turned out to be the Silicon Valley Bank, whose customers include tech startups, venture-capital firms, and Napa Valley wineries. SVB’s leadership certainly deserves their fair share of the blame. Bankers, more …

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Bloomberg Writer Tells Us How to Fight Back Against Inflation; Spoiler: You Won’t Like Them

Bloomberg thought Americans could use some tips on how to survive in today’s inflationary environment. Instead of advising us to support Republican candidates this year, they brought in Teresa Ghilarducci, who is the Schwartz Professor of Economics at the New School for Social Research and a board member at the Economic Policy Institute. Her suggestions run …

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