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We should view the crises in Greece and Puerto Rico as canaries in the coal mine. Countries around the world are over promising and financing obligations with borrowing. You can’t live on credit forever. People are beginning to question why … Continue reading
Puerto Rico On Thursday the House considered H.R. 5278, the Puerto Rico Oversight, Management and Economic Stability Act. Puerto Rico is a United States territory and its residents are citizens. It is currently facing a significant financial crisis, deep in … Continue reading
Tom Reed called the Greek debt crisis a “stern warning” to America, advocating for the Federal government to live within its means and move toward a balanced budget. The Greek people voted to reject austerity–a wise move. Cutting spending when … Continue reading