The top U.S. military official suggested Wednesday that scheduled Pentagon budget cuts could lead to war. Gen. Martin Dempsey, chairman of the Joint Chiefs of Staff, testified before a Senate committee Wednesday alongside Defense Secretary Leon Panet
McCain, Graham Hint at Tax Hikes as Alternative
This may sound odd. Conservatives don't love taxes. They want lower taxes. Right? They want lower taxes and smaller government.
Renowned economist Joseph Stiglitz thinks the best way to reduce national debt is to stimulate the economy. In other words, the government needs to spend, spend, spend.
The largest asset on Uncle Sam's balance sheet is not U.S. Official Reserve Assets, nor Total Mortgages, nor Taxes Receivable.
...a pair of less noticed local elections Tuesday in California could have more immediate ramifications for struggling state and local governments and for organized labor.
Alternatives to an "Ugly Divorce"
The Congressional Budget Office on Tuesday painted a stark picture of the country's fiscal future, which will be determined in part by tough choices lawmakers face in the coming months on the federal budget.
The situation in Iceland is something those of us outside of the volcanic island nation hear about far too little, and when one examines the story of how Iceland triumphed over massive debts
European calls for Greek contingency plans are nothing more than brinkmanship.
States have diverted $974 million from this year’s landmark mortgage settlement to pay down budget deficits or fund programs unrelated to the foreclosure crisis.
Some readers probably heard on the news how the Democrats were hopping mad when the House Republicans voted recently to overturn the “sequester” on the Pentagon budget, enacted at the end of the year as part of the deficit reduction deal.
For some EU countries (i.e. Spain, Italy, Greece) the Doomsday Clock is ticking towards midnight! Not the nuclear Doomsday Clock leading to global armageddon, but the Bondageddon of the financial kind. This potential outcome crosses the mind when
Your paycheck information, or that of your neighbor's, is likely on a new database that went public Tuesday morning. It opens the curtain on the personal payroll of over one million federal workers.
This weekend, Democratic California Governor Jerry Brown announced that the predicted state budget deficit has ballooned from $9.2 billion to $16 billion, in the space of just four months.
As coalition government talks in Greece falter under disagreements over austerity and bailout terms.
For a man who seems to have the Republican presidential nomination sewn up, former Massachusetts Gov. Mitt Romney’s decision to attack the policies of his only rival who has not dropped out of the race, Rep. Ron Paul (R-Texas), is curious indeed.
Crisis escalates as insurrection breaks German control of Europe ... The political dam has broken in Europe.
America sees the’ looting’ of the US Treasury, and the money given to a Wall Street ‘criminal class’.
Tens of thousands of Spaniards streamed into the streets nationwide Sunday to slam Madrid’s austerity program, which will take a $13 billion bite out of the country's education and healthcare budgets.
The eurozone is slipping into a recession that could have been avoided.
In a little more than 10 years, the total amount of student loan debt in this country has doubled to more than $1 trillion.
In America today, it is not legal to bind people up with chains and force them to work for you, but that doesn’t mean that there are not millions upon millions of slaves in this country.
A Maricopa County judge is considering whether retired elected officials, who have the most generous public retirement system in Arizona, will again start receiving cost-of-living raises to their pensions.
Why Obamacare Adds Hundreds Of Billions To The Deficit
Runaway government debts have triggered uncontrolled money printing that in turn will lead to inflation that will decimate portfolios, according to the latest forecast from "Dr. Doom" Marc Faber.
“The Ryan budget reduces the federal government’s debt burden by trillions of dollars yet it does so in decades and not immediately, as our severe debt crisis warrants.”
In March 2012, over 200,000 Quebec students are waging a general strike against tuition increases and have faced brutal police repression.
Health care is on the mind of many Americans. The Supreme Court is taking up Obamacare. Costs are going up at an alarming pace.
The Domestic Monetary Policy and Technology Subcommittee, chaired by Rep. Ron Paul, will hold a hearing on Tuesday to examine the Federal Reserve’s assistance to the Eurozone and the impact that assistance has on the U.S. monetary system and the doll