On National Debt, Default is Inevitable
Much attention has been focused on the size of the national debt as a whole; roughly $14.4 trillion. That number is astonishing, but the sheer size of the debt actually hides the true horror which is in store for the economy and future generations. The debt has many...Politicians, Bailouts and Bank-Owned Houses
Around the corner from my former apartment in Newton was a house that was taken in foreclosure. The “For Sale†sign had been there for a very long time, the lawn wasn’t mowed regularly and the shrubs had died in the winter but hadn’t been removed. Walk around...Washington’s Shrewd Investment
Today the headlines read something like: Government Stands to Reap $7.5 Billion Profit from Sale of Citi Stock. This was reported in both the Wall Street Journal and our local rag, the Des Moines Register, and while estimates vary as to the extent of this...Stay in Touch
