Declinists have always projected America’s imminent demise. For a change, they’re onto something.
Call it America’s Age of Angst. The buzz of negativity seems to be everywhere. DECLINE AND FALL: WHEN THE AMERICAN EMPIRE GOES, IT IS LIKELY TO GO QUICKLY reads the cover headline for British historian Niall Ferguson’s article in the current issue of [...]

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To understand the fiscal catastrophe that awaits the United States, consider a single number from Monday’s budget proposal by President Obama: $700 billion. That is the revenue windfall to the Treasury over the next decade if Congress allows the Bush tax cuts for the wealthy to expire, as Obama wants. Yet by 2020 that entire [...]

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President Barack Obama’s top intelligence official said Tuesday that North Korea relies on its nuclear weapons program because of a crumbling military that cannot compete with South Korea.
Director of National Intelligence Dennis Blair described in testimony before the U.S. Congress a North Korean army that struggles with aging weapons, poorly trained, out-of-shape soldiers, inflexible leaders, [...]

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Regrettably, the tools required to sustain all of these efforts are in jeopardy. The collective decisions by Congress and both Democratic and Republican Presidents over the past 15 years have left the U.S. military using equipment that is extremely old and, in many cases, outdated.
While compensation for military personnel continues to rise necessarily and deservedly, [...]

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America has devastated the economy of American Somoa with one piece of legislation. What was this legislation? It was our minium wage law that was changed to include American Somoa.
Approximately 80% of the American Somoa economy was based on canning tuna. With the large increase in the minimum wage mandated by congress, one tuna company [...]

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The authors’ findings are sobering. They conclude that the road out of financial crisis is long and arduous. Financial crises around the world have been followed by five years of rising unemployment and six years of falling housing prices. Government debt typically balloons 86%.
Reinhart and Rogoff note that financial deregulation often preceded meltdowns: “It helped [...]

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Why all the pessimism? The source appears to be a growing fear that the federal government is retreating from the free-market economic principles of the last half-century, and in particular the strong growth policies that began under Ronald Reagan. A review of the economic policies instituted by President Barack Obama and the Democratic-controlled Congress lends [...]

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In stark but simple terms, unless Americans are made aware of this financial crisis and demand accountability, the very fabric of our society will be destroyed. Interest rates and interest costs will soar and government revenues will be devoured by interest on the national debt. Eventually, most of what we spend on Social Security, Medicare, [...]

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The Pentagon is always making plans, but based on a little-noticed funding request recently sent to Congress, the answer to that question appears to be yes.
Is the U.S. Preparing to bomb Iran? – ABC News

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The Obama administration is talking with allies and Congress about the possibility of imposing an extreme economic sanction against Iran if it fails to respond to President Obama’s offer to negotiate on its nuclear program: cutting off the country’s imports of gasoline and other refined oil products.
U.S. Weighs Cutting Off Iran’s Gasoline Imports if Nuclear [...]

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