It all comes down to this, the U.S. government will not be able to service its debt once interest rates normalize, and that will be the sad truth regardless of what voodoo tricks Washington uses to report GDP.
By Luke Baker and Mark John BRUSSELS/PARIS, April 24 (Reuters) - A few hours after midnight one Sunday last month, as negotiations ove...
In the Denver suburbs, as in much of the U.S., the Great Recession turned formerly stable families into the new homeless—and left many living in bud...
By THE ASSOCIATED PRESS WASHINGTON — House Speaker John Boehner says he "absolutely" trusts President Barack Obama – not that they don't have t...
There is no one European identity, no one voice that speaks for the myriad of countries that make up the EU. Before increased monetary and fiscal integration can take place, European leaders need to focus on enhancing their political union.
Considering the destruction the banks have wrought, shouldn't our nation revisit the foolish policy of giving banks the license to create our nation's money, then having our government borrowing that money and paying interest on it?
WASHINGTON -- It may come as a surprise to President Barack Obama's critics, but the one domestic issue that defined his first term in office was redu...
The fiscal cliff deal we were given was fashioned in a matter of days with too little revenue initiatives, no spending cuts, no debt ceiling resolutions, and a cornucopia of corporate tax extensions.
As Congress readies for another debt ceiling debate, one Republican is convinced that a government shutdown is the solution. Rep. Matt Salmon (R-Ar...
Sen. Lindsey Graham (R-S.C.) has drawn his line in the debt-ceiling sand for Congress. Find a way to raise the limit and cut costs, or face consequenc...
WASHINGTON — Congressional leaders on Sunday showed no signs of emerging from their corners to resolve the next step in the financial crisis, wi...
Yesterday I was playing Sid Meier's popular computer game, Civilization V, when I realized my economy was floundering. And by "floundering," I mean I couldn't afford to buy a toothpick. Why? Because for decades, my government had been spending too much and making too little.
In a new activity known as Solution Central, students were forced to converge on a solution to the fiscal cliff. On November 17, they met at the Northeast Fall State to engage in a productive dialogue.
After spending months opposing tax increases for the wealthiest Americans, the Business Roundtable, an influential corporate lobbying group, this week...
Former Sen. Alan Simpson (R-Wyo.), an outspoken proponent of cutting Social Security who has referred to it as a "ponzi" scheme, has not always been s...
The fiscal cliff is a made-up crisis. A big, fat fraud. Not to mention, a fraud that disproportionately threatens the well-being of women and their families.
This is not rocket science. By developing a public banking system, governments can keep the interest and reinvest it locally.
As tens of millions of Americans are paying off medical bills over time, the potential for damaged credit is great. Many government agencies are beginning to take notice. Unfortunately, the consumer credit reporting industry is fighting efforts for consumer protection every step of the way.
Suggestions have been made about how to deal with the excessive level of debt. Perhaps it is time to question whether the best policy would be to attempt to manage the debt more effectively to alleviate the pressure it puts on the economy.
KARLSRUHE, Germany (AP) — Germany's highest court paved the way Wednesday for the creation of Europe's €500 billion ($640 billion) rescue fund for...
Having graduated from college with very minimal student loan debt, there are a few things that worked for me that I can personally recommend for a college student.
ATHENS, Greece -- Greece is falling short of some of the commitments it has made in return for billions of euros of rescue money, the country's new fi...
When governments announce that the sale of assets, they usually mean industries and companies owned and operated by the state. Greece has something sl...
The only real solution for insolvent Europe is to explicitly default on the debt to a level that brings PIIGS countries to a debt to GDP ratio below 60 percent.
Basic attraction principles states that 'like energy attracts like energy'. You've all heard -- 'what you focus on grows.'
