$11 Trillion Increase in Federal Debt in One Year

The unfunded liabilities of the U.S. government grew in one year by $11 trillion. So says Prof. Lawrence Kotlikoff of Boston University. He is using figures provided by the Congressional Budget Office. He makes a good point. Republicans and Democrats in Congress a year ago could not figure ways to cut $210 billion a year [...]

Continue reading →

Catastrophe in 2013, Says Laffer

The Bush tax reductions will expire on January 1 unless Congress and the President extend them this year. Dr. Arthur Laffer predicts that American investors will move their income into this year. Next year, the economy will “fall off the cliff.” Laffer says. In 2006, Laffer moved from California to Tennessee to escape the California [...]

Continue reading →