Latest Posts

Tomorrow Is Here Today

By Greg Hunter’s USAWatchdog.com    

In December of 1997, the National Center for Policy Analysis ran this headline on their website “Social Security Problems Accelerating.”  The article stated, “A recent General Accounting Office report warns that the long-term prospects for the Social Security system may be even worse than we think. It is already well-known that by 2014 current tax revenues will be insufficient to pay current benefits . . .” Looks like the GAO was right.  (more…)

Meet the New Boss, Same as the Old Boss

By Gene Tunney  Guest Writer for Greg Hunter’s USAWatchdog.com  

If you are my age, you know that the title is from a 1971 song by The Who titled “Won’t Get Fooled Again.”  I was certainly fooled in the last Presidential election.

Even though I was a registered Republican at the time (2008), I could not vote for Senator John McCain.  McCain called off his campaign to go bail out his banker buddies.  Barack Obama voted the exact same way.  Even so, I voted for Barack Obama because I wanted to vote for real change. (more…)

Has Anything Changed on Wall Street?

By Greg Hunter’s USAWatchdog.com  

Whistleblower Harry Markopolos is on the stump promoting his new book titled “No One Would Listen.” It is about how it took 8 ½ years for the Securities and Exchange Commission to crack down on the Bernie Madoff scam.  Markopolos says he sent letters to the SEC that were “too many to count” in an effort to expose the fraud.  In an interview on “The Daily Show” this week, Markopolos said something about the SEC that really caught my attention.  He said, “They still have all the same people there.  They haven’t fired anybody, that’s the problem.”  (more…)

What Is the True Cost Of Health Care Reform?

By Greg Hunter’s USAWatchdog.com   

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.

(more…)

The Taxpayer Club

By Gene Tunney 

Guest Writer for Greg Hunter’s USAWatchdog.com  

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.    (more…)

New Real Numbers

By Greg Hunter’s USAWatchdog.com  

It appeared one of the President’s top economic advisors, Larry Summers, was trying to do a preemptive strike against what may be some bad unemployment numbers.  If unemployment is up, blame harsh winter weather!  John Williams, an economist from shadowstats.com (also known as Shadow Government Statistics), feels just the opposite.  (more…)

Backdoor Tax Hike

By Brian Sussman

Guest Writer for Greg Hunter’s USAWatchdog.com 

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.    (more…)

Perspective On A Long and Deep Real Estate Downturn

By Greg Hunter’s USAWatchdog.com 

Many people I talk to and hear from are having a really hard time grasping how severe the real estate crisis is in America.  Let me sum up how bad the problem  is in one simple  sentence.  The real estate market (both residential and commercial) is the worst EVER!   According to Yale Economics Professor Robert Shiller, the real estate boom a few years ago was the biggest in history!  The bust we find ourselves in now will, also, be the biggest in history.  (more…)

Chile Quake Has Waves of Financial Implications

By Greg Hunter’s USAWatchdog.com 

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.  (more…)

Saving Money By Spending Money

By Greg Hunter’s USAWatchdog.com    

Have you ever heard someone say they saved money by buying something on sale?  An example would be saving $200 by spending $400 dollars on a new set of golf clubs that were on sale for 33% off.   In the real world, spending money is just that– spending money.

When it comes to the health care plan, the President has said we cannot reduce the federal budget deficit unless health care costs can be controlled.  The President wants to “save money” by insuring an additional 30 to 40 million people who cannot afford it.  (more…)

The Lean Years

By Greg Hunter’s USAWatchdog.com   

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.  (more…)

Produce the Note!

By Greg Hunter’s USAWatchdog.com 

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.”   (more…)

Do What Soros Does, Not What He Says

By Greg Hunter’s USAWatchdog.com  

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?  (more…)

Will The Real Estate Crisis Continue?

By Greg Hunter’s USAWatchdog.com   

There has been some encouraging news about the real estate market recently.  In San Francisco, real estate prices shot back up 16% according to the Case-Shiller Index.  On the other coast, friends of mine in the New York City real estate business say price declines seem to be leveling off.  There has been plenty of talk that “now is the time to buy a house.”  After all, the government will give up to an $8,000 tax credit if you purchase a home.  But what is the real story on the housing crisis?  Are we at or near a bottom?    (more…)

Ron Paul Warns of Coming Economic Collapse

By Greg Hunter’s USAWatchdog.com 

Congressman Ron Paul put out a startling warning  video just over a week ago.  This tells me things must be getting really messy right now.  (more…)