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Tag: government

Who Are “The Poor?”

A reader recently suggested on Twitter that, even though our government borrows almost one dollar for every two we spend, we need to spend even more because 25% of Americans are in poverty. That brought up several questions for me: Are 25% of Americans really poor?...

IRS “Wealth Squads” Invasive, Expensive

Watch this video on YouTube The U.S. Government may be taking its war on the rich to the next level. The IRS is now contemplating making wealthy Americans prove how they earned their wealth. “Our government has gone from the ridiculous to the sublime in its mad...

End of the EU Having A Single Currency?

The answer from British economists is “Quite possibly, yes.” I found this stunning prediction from Robert Watts in Sunday’s London Times: “Greece urged to give up euro.” The Greek government has been advised by British economists to leave...

Healthcare Reform & Your Financial Health

Even its title is complex. The Health Care and Education Affordability Reconciliation Act of 2010 is so complicated that we can’t know all the ways it will affect our daily lives over the next few years. The good news is that starting this year, all plans are...

Economic Lessons We Can Learn From Greece

The ancient civilizations of Greece gave us the example that provided the foundation of our democratic government. Today, Greece is giving us an example of what happens when a country goes on a spending binge. Greece currently owes 124% of its gross domestic product,...