Economics and Investing:
Greg C. mentioned some commentary by Howard Rich: The United Fiefdoms of America. “For the first time ever, federal aid – not property, sales or income tax – is the top revenue source for state budgets, the paper reported.” GG flagged this by Karl Denninger: Nothing Suggests We’re Anywhere Near the Bottom CJB suggested this article: Social security to run out of money… And, in a disturbing echo, GG suggested this: Medicare already in the red Items from The Economatrix: Social Security and Medicare Worsens (since yesterday’s article) “The trust funds — which exist in paper form in a filing …