
Mountains of Debt: America’s Economic Realities
June 24, 2009(Good, easy-to-read overview of our current economic situation)
by Charles Wheelan, Ph.D.
Ben Franklin supposedly said that it’s better to skip supper and go to bed hungry than it is to wake up in debt. Ben would be quite disappointed in us. We Americans didn’t skip dinner; instead, we opted over the past decade to gorge at the buffet and then charge it.
We woke up as the world’s largest debtor — so deeply in debt that our global creditors are getting nervous, and rightfully so.
Here are some economic realities associated with our deepening fiscal hole. Read the rest of this entry »
Get Ready for Inflation and Higher Interest Rates
June 10, 2009“The unprecedented expansion of the money supply could make the ’70s look benign.”
By Arthur B. Laffer
U.S. Govt owes $63 Trillion in debt
May 29, 2009This is for committed obligations that we don’t have the wherewithal to pay for right now.
Each U.S. household currently has a $550,000 in debt obligations.
http://www.usatoday.com/news/washington/2009-05-28-debt_N.htm
How much is a Trillion dollars? Here’s what $700 Billion looks like.
Want to understand why it’s this much? Watch this: Link
Economy rescue: Adding up the dollars
March 30, 2009Want to know how much we, I mean the Government, is spending to rescue the economy? $10.5 Trillion and climbing.
From CNN.Com The government is engaged in an unprecedented – and expensive – effort to rescue the economy. Here are all the elements of the bailouts. Link
The devalued Prime Minister of a devalued Government
March 29, 2009Japan’s management approaches offer lessons for U.S. corporations
March 28, 2009While Japan has been used as a cautionary tale in the U.S. economic downturn, guest columnists Sanford M. Jacoby and Sally Kohn argue that management approaches common in Japan offer lessons for U.S. companies as they recover. Link
Economic Recovery Dashboard
March 27, 2009Nice interactive economic dashboard. Gives a good graphic overview of some of the important aspects of the economy. Link
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