Month August 2010

U.S. is bankrupt and we don’t even know it

Let’s get real. The U.S. is bankrupt. Neither spending more nor taxing less will help the country pay its bills. What it can and must do is radically simplify its tax, health-care, retirement and financial systems, each of which is…

Another bank gets slap on the wrist

Barclays PLC agreed to pay $298 million to settle charges by U.S. and New York prosecutors that the U.K. bank altered financial records for more than a decade to hide hundreds of millions of dollars in payments flowing into the…

Understanding America’s class system

Joe Bageant, who is redneck and leftist has a new genuinely wondrous (and painfully true) rant. Here’s a few excerpts. Be sure to read the whole thing. Honk if you love caviar Moneywise, Washington’s political class is richer than the…