When you think of Ponzi schemes, fraudsters like Bernie Madoff come to mind. However,
Ponzi schemes are not always the result of a few crooks; they can also be a common practice used by society to create a short term economic growth spurt.
It is more than a bit infuriating that Senator Kerry and his colleagues are now lecturing the country on the need for hard economic choices. If they could have been bothered to do their jobs just a few years ago, we would not be in this situation today.
Not only is the U.S. slouching toward a double-dip, but so is Europe. New data out Tuesday show even Europe's strongest core economies slowing to a crawl. We're on the cusp of a global recession. Policymakers be warned: Austerity is the wrong medicine.
American consumers can help their fellow citizens and our friends in China in their purchasing decisions. A former American president once urged all Americans to "go shopping." When we do, we should try whenever possible to buy American.
We saw what happens when over-leveraged economies like the U.S. and Europe failed to anticipate the threats posed by unsustainable debt loads; we don't want to see what happens if we ignore signs that we are over-leveraging the planet's resources.
The world's most powerful country was brought to the edge of financial chaos by Mrs. Bachmann and her Tea Party cohorts. Americans should never forget the damage that they have caused the whole nation.
We don't know enough about policy. We don't know all the implications and ramifications of various decisions. We can't pull together a group of world-renowned economists and business leaders. That is what we pay you a nice salary for.