States

How many years will it take for the Great Recession to be recognized as another depression by excessive debt? It is certain to be long after that fact. Clearly, the media coverage of the financial woes and the social consequences of the solutions proposed to solve them are not limited to the Midwest. Budget shortfalls … Continue reading

I have warned that a debt crisis of a magnitude we have never experienced before is approaching. States and municipalities are going bankrupt along with the Federal government. Economists foolishly applaud sub-3% growth in GDP when it took a $1 trillion budget deficit to produce. There is some serious misunderstanding of the fundamentals of our economy right … Continue reading

The big news this week in terms of ginormous government transfer payments is, as usual, out of the Fed, as it embarks on an equally ambitious….

When will the states need to be bailed out?