China Credit Rating Agency Says U.S. Is Defaulting

While the Barack Obama Administration has attempted to paint a rosy picture of the economy, one of America’s largest creditors is not so sure that the United States will be able to pay its debts. At least one credit rating agency in China, which holds $1.1 trillion in U.S. Treasury bonds, says that America is defaulting on its loans.

Federal Welfare Programs Can Negatively Affect Kids

A researcher at the University of Missouri (MU) found that the stress of complying with Federal welfare program requirements can put a strain on families, inadvertently having a negative effect on the families’ children. Associate Professor Colleen Heflin at MU’s Truman School of Public Affairs studied the cognitive scores of children whose families receive assistance from Temporary Assistance for Needy Families (TANF). She found that 3-year-old children whose families were on TANF had much lower cognitive scores than children not on the program.

Swiss Annuities Still Recommended

Do you still recommend Swiss annuities? Do we have to report them to the Internal Revenue Service beginning June 30, 2012? An IRS tax consultant I talked to said I do. The IRS tax consultant also said I owe an excise tax on the Swiss annuity. If this is correct, do you have any information on how to figure that or know someone who does?

President Obama’s Dropping Bombs!

It’s a good news — bad news kind of a week for Congressman Weiner. Barbara Walters gets perky. A novel solution for avoiding Obamacare. The union thugs find new victims in Wisconsin. And the secret war isn’t so secret anymore. All that, plus a guy named Bongo! Presented in 1080 high-def, FOR FREE! It’s The Great Eight, from the Personal Liberty Digest™!

Outspoken DNC Chairwoman Makes Stream Of Gaffes, GOP Cheers

Representative Debbie Wasserman Schultz (D-Fla.), the newly appointed chairwoman of the Democratic National Committee, spent the first four weeks in office committing gaffe after political gaffe. Thus far, Democrats are standing by her. The consensus seems to be that Wasserman Schultz has simply had a rocky start. Republicans are less forgiving, though, enjoying many a laugh at the chairwoman’s expense.