Ten years ago today, George W. Bush announced his tax cuts. When Bush was elected in 2000, he inherited a budget surplus, but it took only a year for the federal government to have a budget deficit and have to borrow money to finance its debt. Former president Bush described the tax cuts as a [...]
China is merely doing what all powerful Western nations, especially America, have done to transcend the status of developing nations and become significant economic forces during the last few centuries—use state power to intervene in markets and protect domestic interests.
The Great Recession is over! According to Wall Street it ended in 2009 when the Gross Domestic Product (GDP) starting growing again. Of course for the poorest 98% of us who live near Main Street, we know different, and some indicators show that our standards of living have been declining since 1975. The GDP is an antiquated tool to measure the situation in a country. Here are 5 superior metrics that better reflect reality.
If you are a US citizens ,or a resident with income in the United States, today is the IRS deadline to file your tax return unless you have filed for an extension. In Washington, the “talk of the town” is the ballooning budget deficit and finding ways to cut it. However, because 99 percent of [...]
By Liam Fox and Gilbert Mercier The challenge is never to fix a problem, not for the profiteer. For them, the challenge is how to make as much money as possible no matter what amount of misery a natural, or man-made, disaster unleashes on humanity. Have you ever wondered why, no matter how much money is [...]
