Hey, Mister, Can You Spare A Dime?

“Right now, without counting future unfunded liabilities like Social Security or Medicare, our national debt tops $12 trillion. There are roughly 100 million American households. That’s a national debt of roughly $120,000 per family.
“In order to keep the government functioning, Congress just increased the federal debt ceiling to $12.5 trillion. And the party isn’t over [...]

CBO’s long-term budget projections raise fundamental questions about economic sustainability. If outlays grew as projected and revenues did not rise at a corresponding rate, annual deficits would climb and federal debt would grow significantly. Large budget deficits would reduce national saving, leading to more borrowing from abroad and less domestic investment, which in turn would depress income growth in the United States. Over time, the accumulation of debt would seriously harm the economy. Alternatively, if spending grew as projected and taxes were raised in tandem, tax rates would have to reach levels never seen in the United States.

The founder of the Trends Research Institute, Gerald Celente, shared his thoughts on Obamas new initiative and the politicization of the Federal Reserve.

“They’re printing money out of thin air, but there’s no value behind it.”
Hold on to you saddles, folks… it’s going to get MUCH worse.

Technorati Tags: economic depression, federal reserve, financial depression, inflation, the [...]

iberty and Tyranny: A Conservative Manifesto, by Mark Levin
In his New York Times bestseller, Liberty and Tyranny: A Conservative Manifesto, Conservative talk radio’s fastest-growing superstar is also a New York Times bestselling phenomenon: the author of the groundbreaking critique of the Supreme Court, Men in Black, and the deeply personal dog lover’s memoir [...]

“The government’s half-baked monetary theories are largely responsible for what has happened…”

Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse,
, by Thomas Woods
In his New York Times bestseller, Meltdown, Woods shows how this new bailout (just like last year’s bailout) will quickly [...]

Tom Woods, the author of Meltdown, on Glenn Beck’s FOX show, February 9, 2009

Offering the first free-market perspective on—and answers to—the financial calamity, Meltdown proves:
* How the government and the media created the myth that this crisis is so complicated that people should not question the government’s response but leave it up to the “experts.”
* [...]

European Parliament speech of 26/03/09. Daniel Hannan is a Conservative MEP for the South East of England and author of The Plan: Twelve Months to Renew Britain.

I was hoping to have a little more notice, but my interview with St. Louis NPR affiliate KWMU on foreclosures is airing today. In fact, it has already aired twice this morning at 6:35am and 8:35am. The final airing will be this afternoon, April 1st (and no this is not a joke), at 4:45pm. If [...]

Ever since the “American Recovery and Reinvestment Act of 2009 (aka The Stimulus Bill) was passed in February, many homebuyers have been trying to figure out what this means for them. Sure an $8,000 tax credit is great, but how do you get and how do you qualify?Here is a brief rundown of the main [...]

One of the best things about blogging St. Louis development and real estate deals is that I am increasingly finding myself being contacted by a lot of interesting people. I’ve actually been contacted by quite a few local and even national news providers in the past few months asking my opinion on certain matters or [...]