After 40 years of cutting costs and spending the American government has somehow avoided a conclusion that is so obvious that any child over the age of 10 would be able to give you the answer. This reminds me of the 30 year study by the American Medical Association in which they concluded that children […]

Tags: DEFICIT, foreclosure, mortgages, spending, taxes
Posted in bubble, Corruption, Eviction, securities fraud |

Any questions about the fundamentals of our economy? This is the result of driving consumers to pay for goods they don’t need or want with money they don’t have, and then covering it with equity from their house which is now vanishing before their eyes.  

Tags: consumer debt, consumer spending, savings, spending
Posted in bubble, Eviction |