Bankruptcy

JAPAN, THE ITALY OF ASIA

JANUARY 6, 2011 The Italy of Asia Japan’s entitlement dilemmas are a warning to Washington. Japanese politics is once again in turmoil, with the government’s approval ratings around 20%. Prime Minister Naoto Kan is trying to force out his rival within the Democratic Party of Japan, Ichiro Ozawa, which might boost his own popularity but […]

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FINAL TAB FO PELOSI’S SPEAKERSHIP – $3.66 BILLION PER DAY!

Final Tab for Pelosi’s Speakership: $5.34 Trillion in New Debt—Or $3.66 Billion Per Day Thursday, January 06, 2011 By Terence P. Jeffrey Outgoing House Speaker Nancy Pelosi of Calif. speaks during a news conference on Capitol Hill in Washington, Tuesday, Jan. 4, 2011. (AP Photo/Charles Dharapak) (CNSNews.com) – In the 1,461 days that Rep. Nancy

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WHEN STATES DEFAULT: 2011, MEET 1841

THE GAME JANUARY 4, 2011 By DENNIS K. BERMAN Land values soared. States splurged on new programs. Then it all went bust, bringing down banks and state governments with them. This wasn’t America in 2011, it was America in 1841, when a now-forgotten depression pushed eight states and a desolate territory called Florida into the

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LABOR’S COMING CLASS WAR

JANUARY 4, 2011 Private-sector union workers begin to notice that their job prospects are at risk from public-employee union contracts. By WILLIAM MCGURN Jeffrey Brown of PBS’s “NewsHour” recently summed up the year’s economic performance by invoking the most overworked chestnut of modern American punditry: “the disconnect . . . between Main Street and Wall

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EURO TRASHED

Published on The Weekly Standard (http://www.weeklystandard.com) Europe’s rendezvous with monetary destiny Christopher Caldwell December 20, 2010, Vol. 16, No. 14 It has been easy to snicker in recent weeks at the politicians who designed the euro, which appears on the verge of collapse after a decade as the common currency of a dozen countries in

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THINKING THE UNTHINKABLE ABOUT THE NATIONAL DEBT

By James A. Bacon – The Washington Times    December 8, 2010 BLOOMBERG Erskine Bowles (right) and Alan Simpson, co-chairmen of the president’s deficit commission, challenged the panel’s members to put aside partisan differences and agree to its tax and budget recommendations. America’s budget debate suffers from a failure of imagination. Deficit hawks warn that the

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AMERICA – THE RULING CLASS VERSUS THE COUNTRY CLASS

THE AMERICAN SPECATOR The Largest Selection of Liberal-baiting Merchandise on the Net! Feature America’s Ruling Class — And the Perils of Revolution By Angelo M. Codevilla from the July 2010 – August 2010 issue As over-leveraged investment houses began to fail in September 2008, the leaders of the Republican and Democratic parties, of major corporations,

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