Chriss W. Street

Congress To Avoid March 27 Shutdown – Chriss W. Street

When the dreaded sequester took effect on March 1st, the only immediate economic pain federal workers suffered was canceling White House tours eliminated Secret Service over-time.  But over the last two weeks, the dirty little secrets about expected higher taxing and higher spending are pouring out of Washington D.C.  As the Congress finishes work on…

Obamacare New Taxes Equal Sequester Spending Cut – Chriss W. Street

On Friday, March 1st, Congress allowed the much-hyped and much-dreaded $1.2 trillion of ten year spending cuts from the budget “sequester” to take effect instead of raising taxes, except it didn’t happen!  It took President Obama and his staff another day of searching through the White House pen collection before they could find President Harry…

Pope Francis Knows The Dangers of Inflation – Chriss W. Street

With great joy and hope, 1.2 billion of the Catholic faithful greeted the former Cardinal Jorge Mario Bergoglio of Argentina as Francis I, newly elected Pope, and the Vicar of Jesus Christ.  Known for his personal humility and broad intellect, the first Americus Pope has shown a willingness to confront the moral predation of corrupt […]

SEC Finds State of Illinois Violated Securities Laws- Chriss W. Street

The United States Securities & Exchange Commission determined that the State of Illinois violated Federal Securities Laws by misstating the true financial health of the State’s depleted pension funds when it raised over $2.2 billion with multiple bond offerings from 2005 through early 2009. The SEC blamed the State’s historical failure to fund its pension…

Water Is America’s Greatest Wealth – Chriss W. Street

Voters surveyed in the recent California Field Poll regard the current economy by a 72% to 16% margin as bad times versus good times.  National surveys demonstrate that this pessimistic appraisal that only a small percentage are benefiting from the economy is not confined to the Golden State.   The Rasmussen Poll reports that over the…

Impact of Sequester on California- Chriss W. Street

 Over the weekend, the White House released a report detailing some of the programs and services in California that would be impacted beginning Friday, March 1st, by the White House Budget cuts necessary to meet sequestration requirements. The Administration has threatened that the cuts will result in a massive contraction of the national economy. The…

Is China’s Economy Getting Snakebit- Chriss W. Street

China’s central bank withdrew an all-time weekly record high of $145 billion from their banking system this week.  China often increases liquidity in early February prior to their Chinese New Year and then decreases liquidity after the holiday.  But the extent of the reduction dwarfed the $106 billion added this New Year.  The People’s Bank…

College Graduates are the New Debt Slaves – Chriss W. Street

With the estimated cost of attending a four year state college in America at $120,000, the average family of four should expect their children’s college to cost more than buying a home.  Even though only 24% of Americans believe college is affordable, 97% still believe getting a college degree is financially important to improve your […]