Posts Tagged ‘government bankruptcy’


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Illinois Headed for the Junk Heap


Thursday June 15th, 2017   •   Posted by Craig Eyermann at 6:41am PDT   •   0 Comments

Over the last several weeks, we’ve been watching a very strange race to the bottom between two very fiscally-troubled states, Illinois and Connecticut, where the state government of each seems intent on becoming the first U.S. state to crash its credit rating all the way down to junk status. It looks like Illinois’ state…
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Italy Getting the Boot


Wednesday November 9th, 2011   •   Posted by Craig Eyermann at 8:49am PST   •   0 Comments

First, it was Greece circling the drain. Today, it’s Italy that’s getting set to enter the national-debt death spiral. Via ZeroHedge (original source misspellings not corrected): Euphoria may have returned briefly courtesy of yet another promise for a resignation that will likely not be effectuated for weeks or months, if at all, and already…
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Is America Now More a Nation of Takers than Makers?


Friday April 1st, 2011   •   Posted by David Theroux at 2:11pm PDT   •   4 Comments

In a new article for the Wall Street Journal, “We’ve Become a Nation of Takers, Not Makers,” Stephen Moore discusses that “More Americans work for the government than in manufacturing, farming, fishing, forestry, mining and utilities combined.” If you want to understand better why so many states—from New York to Wisconsin to California—are teetering…
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As the Wall Street Journal reports in an article by Mark Whitehouse, “Number of the Week: $10.2 Trillion in Global Borrowing”: $10.2 trillion: The amount of money advanced-nation governments will need to borrow in 2011 As the debts of advanced countries rise to levels not seen since the aftermath of World War II, it’s…
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