Tax and Spend

The Pentagon wants to close and consolidate bases, but Congress won't allow it.

Spanish, Greek and Portuguese bonds rally despite Italy's election, but not for a good reason.

"An inconclusive election in Italy sparked concern lawmakers will fail to form a government, hampering the progress of austerity measures put in place by the previous administration. Yet as Italy’s 10-year yields climbed to a three-month high, similar-maturity Spanish, Greek and Portuguese bonds fell on speculation the ECB will support Italy if borrowing costs surge to unmanageable levels. "

Printing money is no solution.