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Blog

Greece: Incompetence, Deceit and Overspending Devastates Country

Democracy and Power 104: Future Debt Burden A government debt is a government claim against personal income and private property – an unpaid tax bill. —Hans F. Sennholz

07/07/2015
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Blog

How the United States could become Greece unless Congress takes mounting debt seriously

Greek voters, on Sunday, rejected austerity measures crafted by European countries and the International Monetary Fund (IMF). The results of the referendum, against which 61 percent voted, could mean the Mediterranean country exits the euro and see a run on banks similar to what it saw last week, or worse.

07/06/2015
Buckle Up For Another Political Showdown - America's Credit Card Is Maxed Out Again
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Issue Analysis

Buckle Up For Another Political Showdown - America's Credit Card Is Maxed Out Again

Increasing Debt Ceiling, No Budget, Unrestrained Spending, And A Spinning Debt Clock... Obama’s Road To American SerfdomBy: Jim Hoft with Andrea RyanBuckle up.  Here we go...again.

05/17/2012
Greek Bailout 2.0 Will Make Everything Worse
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Blog

Greek Bailout 2.0 Will Make Everything Worse

After receiving a $145 billion bailout in May 2010, Greece is now seeking a second larger bailout from the European Union (EU) and the International Monetary Fund (IMF). Here we go again. Of course, throwing even more money at the European welfare state won’t solve its problems.  The Greek government created their own problems by rapidly expanding the welfare state over the past couple decades. A second U.S. taxpayer-financed bailout of Greece will only make the debt situation worse in the long-run.

02/17/2012