Simple Practices that Lead to Wealth
The Republicans and the President are finally close to cutting a deal to keep the government from defaulting. But, the deal smells more like a ploy to avoid the problem until the next election than a serious attempt to control runaway spending.
According to the Labor Department, the Consumer Price Index (CPI) rose 0.4% in April and 3.2% in the past year. This is the biggest year-over-year increase since October of 2008.
I have been predicting for years government budget problems would finally boil over into a crisis. This is starting to play out in states like Wisconsin, Ohio and New Jersey. California, which has severe budget problems, is considering major layoffs of public employees. The scope of these problems is well beyond superficial budget cuts. And, …
Normally, I avoid political posts, but the bankers and other special interests are looting our treasury and this is beginning to cripple the finances of our nation.
I don’t trust government economists or politicians. I think their political agenda clouds any objective disclosure, resulting in a positive bias.