Holder opens criminal investigation into IRS scandal to whitewash it.
The federal deficit is falling surprisingly fast. They give lots of reasons, but the only reason that makes sense is the Fed has successfully re-inflated enough bubbles to increase tax revenue and to significantly lower borrowing costs. This voodoo looks good in the short term, but we'll pay for it big time in the longer, and not too much longer, term.
Tuesday, May 14, 2013
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