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Economics and Investing:

The Legacy of Debt: Interest Costs Poised to Surpass Defense and Nondefense Discretionary Spending [1]. – G.G.

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The largest bracket of tax payers in the United States is made up by those making $15,000 a year or less: Half of all federal taxes paid by those making $250,000 or more. Sample $50,000 budget. [2]

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Items from Mr. Econocobas:

Worker Pay in U.S. Rose at a Slower Pace in Fourth Quarter [3]

Why Central Bankers Around The World Have Lost Control [4]

David Stockman: History In the Balance: Why Greece Must Repudiate Its “Banker Bailout” Debts And Exit The Euro [5] – Agree with what David is saying but just don’t see the new government doing anything right other than rejecting the debt. Can’t see them ushering in less government and free markets.

David Stockman: Memo To Yellen: What ‘Escape Velocity’—-The Q4 GDP Report Was Not “Solid” [6]