Prophecy in today's headlines

The End of the U.S. Economy

What happens when more of us work for the government — or receive paychecks from the government without work — than those of us who work in the private sector? We’re soon going to find out. This week, CNBC reported that social welfare payments now comprise 35 percent of wages and salaries this year. In […]

Alabama Town’s Failed Pension Is Warning to Cities and States

Coming to a city or town near you… This struggling small city on the outskirts of Mobile was warned for years that if it did nothing, its pension fund would run out of money by 2009. Right on schedule, its fund ran dry. Then Prichard did something that pension experts say they have never seen […]