marketcrash
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pensions
12/06/2024
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By Ethan Huff
HALF of all U.S. states going BANKRUPT, financial report finds
The future of America hangs in the balance as the country’s financial state is not exactly strong. A recent report from Truth in Accounting has revealed that 27 states across America, more than half, ended fiscal year 2023 with a deficit, meaning they did not have enough money on hand to cover their financial obligations. […]
12/06/2024
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By Laura Harris
Canadian group urging Trudeau to adopt Trump’s DOGE initiative to curb wasteful government spending
The federal director of the Canadian Taxpayers Federation (CTF) has urged the federal government of Prime Minister Justin Trudeau to emulate the United States’ initiative to tackle wasteful government spending and a bloated bureaucracy. In a column published for the Western Standard on Nov. 20, CTF Federal Director Franco Terrazzano wrote that Canada should establish […]
12/05/2024
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By Cassie B.
U.S. pension systems are on the verge of debt collapse
Pension systems throughout the U.S. are falling deeper into what experts term “pension debt paralysis,” even in the face of record-setting contributions from state and local governments. The city of Milwaukee was recently given a grade of D by Truth in Accounting for its financial position due to its pension system’s huge net liability of […]
12/04/2024
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By News Editors
The looming debt crisis: Is America following the path of collapsed empires?
Debt can topple even the most powerful empires. (Article by Nick Giambruno republished from InternationalMan.com) Whether it’s Rome, Spain, France, Britain, or the Soviet Union, excessive debt has played a critical role in their decline. The typical pattern in these examples of collapsing empires is: Stage #1: Empires achieve success and become overconfident. Stage #2: Overconfidence leads […]
11/26/2024
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By News Editors
With or without tariffs, the USD is a Ponzi
With soaring deficits, soaring debt, and interest payments that can only be made by issuing a debt-based currency on which even more interest will be due, the USD can only possibly be described as an elaborate nation-state level bankster Ponzi scheme. (Article republished from SchiffGold.com) Dollars are backed by debt, which requires infinite economic growth to […]
11/15/2024
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By News Editors
Biden’s economic time bomb: A warning to Trump
The insane neo-Keynesian policies implemented by the Biden-Harris administration have created persistent inflation and record levels of debt with two objectives: to bloat Gross Domestic Product and jobs with public spending and government jobs. (Article republished from Mises.org) The United States’ insane inflation is solely due to out-of-control spending and currency printing. Corporations, wars, or supply chains […]
11/05/2024
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By Cassie B.
America’s current economic problems pose a big challenge for the next president (Trump)
Economic experts are warning that whoever ends up winning the election will face an uphill battle when it comes to the American economy, and many of the solutions both candidates have put forth to address issues plaguing the economy could end up causing unintended problems. Right now, many Americans are unhappy with the state of […]
10/08/2024
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By Laura Harris
REPORT: About 70% of counties in battleground states now depend on government aid programs
A new Economic Innovation Group (EIG) analysis has revealed that 70 percent of counties in battleground states now depend on government aid programs. The EIG study, which examined Social Security, Medicaid, unemployment insurance and food stamps, found that on average, the federal government shoulders about 70 percent of the costs, with states covering the remainder. Notably, spending […]
09/17/2024
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By Laura Harris
Trump vows to end taxes on overtime pay and Social Security benefits if elected in November
Former President Donald Trump has vowed to eliminate taxes on overtime wages and Social Security benefits if elected in November. During a campaign rally in Tucson, Arizona, on Sept. 12, the Republican presidential nominee proposed to eliminate taxes on overtime wages for American workers. He stressed that, if elected, these changes would be among his first actions in office. (Related: Trump promises […]
09/15/2024
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By Lance D Johnson
For the first time in history, interest on U.S. debt surpasses $1 trillion and now threatens social security as the greatest government expense
According to the latest Treasury Department data, the national debt now exceeds $35.3 trillion. The amount of money required to service the U.S. debt has reached levels that exceed Medicare expenditures, the military budget, etc. For the first time in history, interest on U.S. debt surpassed the $1 trillion mark, becoming the second greatest government […]
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