Bankster Bailouts Of 2008/9 Exceed Over 200 Years Of Major Government Spending

he amount of US taxpayer money committed to bailouts over the last 12 months by far exceeds the combined cost of major historical events dating back over 200 years. The combined amount spent, lent, consumed, borrowed, printed, guaranteed, assumed or otherwise committed to bailouts by the government from March 2008 to March 2009 amounts to […]

We’re living beyond our means

As the economy boomed and the good times rolled, spending money was easy and credit was there for the taking. But financial advisers are dismayed at the number of New Zealanders who have been living beyond their means, forgetting the basics of money management and now paying the price. Even the well-off have proved to […]

Tax rises of £8bn needed to control public sector debt, says IFS

Quess who will be paying and no it’s not the rich. By Sean O’Grady, Economics Editor Thursday, 31 January 2008 A devastating verdict on the public finances was delivered yesterday by the respected Institute for Fiscal Studies (IFS). In its latest “Green Budget”, the IFS argues that the Chancellor, Alistair Darling, would need to announce […]