A recent study on the growth of wealth inequality instantly drew the usual finger pointing and denials between hardcore political opponents even though the chart clearly shows a steady trend across all administrations of either party. As a result, the usual arguments about the failure of trickle-down economics and the failure of tax and spend policies fall short. But the bickering continues. There is one comparison that shows a correlation stronger than smoking and lung cancer between one nega...

The Federal Reserve Bank of St. Louis released the current data for the total debt in the United States Economy on June 5, 2014 -- All Sectors; Credit Market Instruments; Liability, Level (TCMDO). While people, companies, and governments blamed bad weather for a dismal showing in economic activity, it appears they had little trouble finding their way to the banks to add on $471 billion in new debt. Data from the Federal Reserve Bank of St. Louis (Figures in billions of dollars)Quarter Debt GDP ...