How does adding debt prevent us from default?
Geithner’s suggestion is to raise the amount of debt the borrower can take in. But that only allows the borrower to get further in the hole, and end up owing more every year. If the borrower can’t pay off the debt as it stands, what is to say that he will be able to do so when the debt is more than his income?
A kindred spirit in effort to slay the Juggernaut
Released in 2009, Chris Martenson’s video seminar ‘Crash Course’ provides an excellent analysis of our predicament. Expanding the talk into what he calls “the Three ‘E’s”, this seminar is comprehensive…
Does size matter in government?
In his Inaugural Address, Obama stated, “The question we ask today is not whether our government is too big or too small, but whether it works, whether it helps families…