By Greg Hunter   
The Congressional Budget Office says Health Care reform will Cost $1 trillion over the next 10 years.  The White House says it will “save “money.  Republican Senator Mitch McConnell said just a few days ago the tab will be $2.5 trillion over the next decade!  Who is right?  I don’t think anybody really knows.  When it comes right down to it, everybody’s guessing.     

By Gene Tunney   
You and I are in the Taxpayer Club. We are the working class of America; you know, the part that has to pay for the stimulus programs and Wall Street bailouts. We are the club that gets stuck paying the bill for excessive government. We have to work thirty or forty years to retire while bailed out bankers knock down million dollar bonuses.   While the Taxpayer Club is getting poorer, there is another club in America getting wealthier– the Government Club.   

By Brian Sussman
I love working in talk radio; the audience is so smart it’s scary.   
President Obama’s 2010 budget had just been released, when, at the conclusion of a broadcast, a passionate caller named Madeline told me about the backdoor tax increase contained in our nation’s financial plan.   

By Greg Hunter
It looks like the Haiti quake in January was just the warm-up act to the giant 8.8 magnitude shaker that hit Chile.   It one of the largest quakes on record.   This could not come at a worse time given the severe financial stress that is hitting the globe. 

By Greg Hunter   
This week, a North Carolina newspaper headline read “Beauty Queens Feeling Squeeze of Economy.”  It was a story about how pageant contestants are cutting costs by wearing dresses more than once.  Some contestants are also selling old dresses and renting others to girls going to their proms.  It is just one of the many small signs of how the economy is changing. 

By Greg Hunter
I was on the nationwide overnight radio show, Coast to Coast AM, last week to talk about the real estate crisis.  The topic of foreclosures naturally came up, and I told people to make sure you ask the judge in the foreclosure proceeding to force the bank to “produce the note.”  

By Greg Hunter   
The Federal Reserve raised the discount rate yesterday to 3/4% from 1/2%.  That’s the interest rate the Fed charges banks in an emergency.  The Fed insisted that rates for consumers and companies would not rise.  So why did the Fed raise rates? 

By Greg Hunter
The financial malaise the world finds itself in right now can be summed in just one sentence.  There is way too much debt.  It is such an enormous amount of debt that most people cannot grasp its size.   It is a sum that is unparalleled in human history.  There are only two ultimate conclusions to debt–it either gets repaid or it does not.  If debt is repaid in printed money, then that is that same as a default.  The world will either repay its gigantic debt …

By Greg Hunter   
The recently published book called “This Time Is Different” makes the case that this financial crisis has the same basic elements as every other financial crisis since the 1300’s.  Economists Kenneth Rogoff and Carmen Reinhart do a great job of researching various financial meltdowns in places like South America, Asia, Europe and the U.S.  In every crisis, no matter where it took place in the last 8 centuries, people thought a big debt buildup could not end badly.  The authors say “arrogance and ignorance” always pave the way …

 By Greg Hunter   
We just finished 2009 with a record federal deficit of $1.4 trillion.  Let’s think about that for a minute.  The U.S. government says it is $1,400 billion in the red at the end of 2009.  But is that the “real” deficit number?  The reason why I ask is the government uses accounting gimmicks to make just about every number it puts out look better than what it really is.  For example, the most recent Consumer Price Index for inflation was officially 2.7%; but if you compute inflation the …