Wealth Downdraft
Wealth Alchemists Say “Showing the Rich We Can Do What We Want”
photo credit: ignat.gorazd This news/video story, “Showing the Rich We Can Do What We Want” from the BBC is very disturbing from a number of angles (click link to watch the video). First, we have two British girls who obviously lack any moral restraint from destroying other people’s property. Second, they equate all businesses with [...]
Disturbing Facts on Social Security
Below is an infographic from the Congressional Budget Office on the current and future state of Social Security . . . not a pretty picture.
Social Security and Medicare Go in the Red
From my previous blog post–The State of America’s Private Sector XX: April 2011–I noticed a disturbing trend in some of the underlying data. But first I had to hit the personal income methodology books at the Bureau of Economic Analysis to make sure I understood all the definitional issues involved. Now I’m satisfied that what [...]
How Much Interest Does Uncle Sam Pay?
I’ve just become aware of this website called Government Gone Wild. Below is one of their videos which puts into perspective exactly how much in interest Uncle Sam pays each year. Hat tip to Mish.
How Bad is the U.S. Trade Deficit with China?
photo credit: prayitno According to a new study by Asian Development Bank Institute, some of the U.S. trade deficit with China may be a statistical illusion (pdf). More specifically, they delve into how the iphone, invented in the U.S., actually makes our trade deficit with China worse. In a nutshell, China is only an assembler [...]
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