| Friday May 17, 2019 at 9:46 AM PDT
The U.S. government directly owes the nation of China over 1.1 trillion dollars.
Lawrence J. McQuillan
| Friday September 25, 2015 at 11:17 AM PDT
Four U.S. cities went belly up recently, and all declared bankruptcy largely due to unaffordable government pension costs. The outcomes of these bankruptcies should make everyone think twice about lending money to cities with serious public pension debts. The graphic below shows the outcome of the municipal bankruptcies in Vallejo, Detroit, Stockton, and San...Read More »