It's Not Only Foley in the Race to the Bottom, by Ken Silverstein.

And, households are even more at the mercy of credit availability and interest rates. Six Questions for Frank Anderson on the Middle East, by Ken Silverstein. The left chart shows a recent history of top personal tax rates. In addition to paying more taxes, Americans spend 5. It's Not Only Foley in the Race to the Bottom, by Ken Silverstein.

This shows that the economy is more leveraged by household debt than ever before.