More signs of trouble - Fears Intensify That Euro Crisis Could Snowball

http://www.nytimes.com/2010/05/17/business/global/17fear.html?partner=rss&emc=rss

Continuing signs of a global sovereign debt crisis reveal that this recession is far from over, and that our founders were wise to warn against problems like this.

USA Today - Tax code grows like kudzu as another April 15 approaches

Tax code grows like kudzu as another April 15 approaches - USATODAY.com

The Flat Tax is really simple and it can be written in one paragraph. Everybody pays 15%, no exceptions. If the government would stop wasting our money, we could probably get it down to 10% very easily.

Payback Time: States’ Debt Woes Grow Too Big to Camouflage

Payback Time: States’ Debt Woes Grow Too Big to Camouflage: "High debt levels are causing states to take desperate measures to make their finances appear healthy."

Charles Krauthammer - Obamacare's next trick: the VAT

As the night follows the day, VAT follows health-care reform.
With the passage of Obamacare, creating a vast new middle-class entitlement, a national sales tax of the kind near-universal in Europe is inevitable.
Read the rest here: Obamacare's next trick: the VAT
Get ready to feel the pain. If you liked the Jimmy Carter years, you’ll love Barack Obama’s historic decimation of our rights, our freedoms and our wealth.

The Bond Market and ObamaCare

The Bond Market and ObamaCare: "Michael Barone, Washington Examiner
Not many people noticed amid the Democrats' struggle to jam their health care bill through the House, but in recent weeks U.S. Treasury bonds have lost their status as the world's safest investment.The numbers are pretty clear. In February, Bloomberg News reports, Berkshire Hathaway sold two-year bonds with an interest rate lower than that on two-year Treasuries. A company run by a 79-year-old investor is a better credit risk, the markets are telling us, than the U.S. government. Buffett's firm isn't the only one. Procter & Gamble, Johnson &..."

Keynes was wrong, we need to get back to Adam Smith economics.

CNBC - Social Security to See Payout Exceed Pay-In This Year

“This year, the system will pay out more in benefits than it receives in payroll taxes, an important threshold it was not expected to cross until at least 2016, according to the Congressional Budget Office.” - Social Security to See Payout Exceed Pay-In This Year - CNBC

We are definitely not out of the woods yet.

Dems Won This Battle, But They've Lost the War

Dems Won This Battle, But They've Lost the War: "Mike Flynn, Big Govt
Over the last several days, old friends and family around the country have contacted me with the same questions: 'Do they have the votes? What is going to happen?' Maybe they think that, living inside the Beltway, I get some secret newsletter that can divine what Congress will do. To all of them and you, let me be clear: I have no idea what is going to happen tonight. We have slipped well beyond any rational political thought or calculation. By any traditional analysis, this bill would have been buried long ago. So, while I don't know what is going to happen, it is worth..."