James Dale Davidson’s latest special report, “The Plague of the Black Debt,” went live to Notes readers yesterday. For those of you who missed it, you can access it here.  James’s message is simple: the $110.7 trillion in outstanding US debt is about to bury the US economy.

Unfortunately, it’s too late to reverse course for America. President Obama’s spending program is speeding up the collapse, not slowing it down. Right now, 21 cents out of every $1 paid over to the feds in income tax goes to paying off the interest on the national debt. Soon, it will be almost double that amount. It doesn’t take a genius to work out that this is unsustainable.

It doesn’t take a genius, either, to figure out that higher spending and higher debt mean higher taxes and a weaker dollar. Here are just some of the shocking forecasts James makes in this explosive

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One of Barack Obama's main campaign promises is that he wouldn't raise taxes for 95% of Americans, or basically the middle class. The problem though, isn't income taxes. States across the country are facing budget shortfalls, and the easiest ways to make up the difference is through tax increases. Even worse, states will raise consumer taxes, which raise equally no matter who you are, or how much you make. Gas taxes, liquor taxes, and other sales taxes are being proposed across the country. These taxes will end up affected lower incomes the most, as they have the least amount of discreationary income but still need basic goods which will be seeing tax increases. Thus, no one will be able to escape these taxes.br /br /Some examples:br /br /ema href="http://www.trafficworld.com/newssection/government.asp?id=49392"Idaho Gov. Proposes Gas Tax Increase/a/em.br /br /ema href="http://www.landlinemag.com/todays_news/Daily/2009/Jan09/011209/011309-04.htm"Massachusets Gov. Open to Fuel Tax Increases, With ...

With all the talk about “The Middle Class” in this past election, I thought it might be useful to take a look at the tax situation of the middle class, to see how we folks have been faring.

There have been seven different presidents since I entered the work force in 1971. I have no idea how many times control of congress has changed. What I do know is that my taxes have never gone down, except under Reagan. I did notice a little dip for a few years when his tax reform package made it into law. That didn’t last long.

There has been non-stop political rhetoric for 30+ years from the professional money spenders in Washington about giving the average guy a break. That’s what they really do you know, spend other people’s money as a career. But, except for the temporary relief under Reagan, no matter who has been

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