Archive for economy

Illinois could learn credit rating lessons from Michigan

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Michigan clawed its way out of the cellar many years ago, but is not without problems.  We continue to learn about the games that governors have played once they leave the office.  Snyder’s shenanigans are starting to come to light even now.  However, even with these issues, the Great Lakes State is dramatically better off than it’s neighbor to the southwest.

Illinois’ Great Lakes neighbor Michigan may have some lessons that Illinois could learn when it comes to finances. Credit rating agency S&P’s latest Illinois report removed the Land of Lincoln from a negative to a stable outlook because of the budget and $5 billion tax hike imposed by lawmakers in July. But, Illinois still has the lowest credit rating […]

Deep State First

So, now that it should be obvious that Trump is fully integrated in the deep state, do you believe that much of anything will change?  Seriously, what has truly changed so far?

Yesterday, Donald Trump, president of all the Americans, said his country would spend more blood and money trying to force the Afghans to do what it wants them to do, whatever that is. And so… a darkness covered the land. From Sioux City to Savannah… a shadow passed between Earth and sun. Strange and fearful events were reported. A calf was […]Deep State First

What to Do When Government Money Goes Bad

It can’t happen in the US, right?

First, they sold their car.

Next, they cut meat from their diets. And now, they skip meals to ensure survival.

This is the story of Vanessa Posada and her husband Adolfo.

They live in Venezuela. And their money simply doesn’t go that far anymore.

Falling oil prices have sent the economy into free fall. Per experts, the inflation rate is 720% and rising.

And today, an estimated 93% of Venezuelans don’t have enough money to buy food.

She completed her university studies. Then she got a job as a schoolteacher. And she later got married and had a child.

But that’s not enough to save her from government money gone bad.