America's Debt Crisis and Federal Budgeting

Former Rep. Carolyn Bourdeaux discusses America's debt crisis and the unsustainable financial path leading to a $40 trillion national debt. The article highlights the major contributors to federal spending and revenue sources, emphasizing the need for serious spending cuts, entitlement reform, and sound fiscal policy to avoid economic crisis.

France's Political and Fiscal Chaos Threatening EU's Monetary Union

France's political and fiscal chaos poses a threat to the EU's monetary union, leading to concerns similar to the eurozone debt crisis. The situation in France has worsened due to persistent fiscal deficits and political opposition, while the UK appears relatively stable in comparison.

France's Political and Fiscal Chaos Threatening EU's Monetary Union

France's political and fiscal chaos poses a threat to the EU's monetary union, with the country facing challenges in managing its deficit and debt, potentially leading to a government shutdown and default. The situation mirrors past eurozone crises, raising concerns about the stability of the European economy.

French President Macron's Refusal of Prime Minister's Resignation

French President Macron refuses prime minister's resignation despite calls from the far-left to appoint a leftist or resign after legislative elections. Drama ensues in Paris as New Popular Front alliance wins surprise victory. Concerns over debt crisis and economic decline if leftist alliance takes power.

Global Debt Crisis

The world economy is facing a significant debt crisis due to multiple economic shocks, with countries like the US and China projected to have dangerously high levels of debt. High levels of debt pose a threat to future economic stability and growth.

Chinese Economy Weakness

China's economy is showing signs of weakness with falling consumer prices, slow GDP growth, and a real-estate bust, raising fears of a prolonged slump. The government's measures to stabilize the economy have not yielded significant results, and concerns about economic stewardship and debt levels persist.