Now, standing patiently in line for their bailouts, are the states — and America’s cities and counties. These governmental units are virtually all certain to face falling tax revenue and expanded social demands, leading to exploding deficits. Their case: You bailed out the businesses and the hospitals. What about us? …
“What Would America Fight For?” That question shouts from the cover of this week’s Economist. It is, asserts the magazine, “the question haunting its allies.” While most agree that America would fight to defend her treaty allies and to protect vital interests if imperiled, the question is raised by President …
by Patrick J. Buchanan Saturday was a bad day for the New World Order. New York police boarded the first-class cabin of an Air France jet bound for Paris to collar Dominique Strauss-Kahn, the head of the International Monetary Fund, a Grand Master of the Universe and the Socialist Party’s …
Are Europe and America headed to where Athens is today?
To answer the question, consider what brought Greece to where she is — running a deficit of 14 percent of gross domestic product with a debt approaching 100 percent, with Portugal, Spain, Ireland and Great Britain not that far behind.
We inherited the worst situation since the Great Depression.
That is the reflexive response of President Obama to the troubles from which he has been unable to extract his country.
Even before the inauguration, he says, there were projections of a $1.2 trillion deficit for 2009. That deficit is not my deficit.
“Laissez-faire is finished, the all-powerful market that is always right, that’s finished,” said Nicholas Sarkozy, speaking ex cathedra, last month. As a result, said the diminutive French president, it is “necessary to rebuild the entire global financial and monetary system from the bottom up, the way it was done at …
Last June, in a piece titled “Let Russia Default,” this writer noted the obvious. Awash in debts, running a huge deficit, Russia should be allowed to default; and not one more U.S. tax dollar should be put at risk by the IMF trying to hide Russia’s bankruptcy. Russia’s chief financial …
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