A mass protest was cut short in Santiago, Chile, after police dispersed activists with tear gas and water cannon. Thousands had gathered in the city center to urge newly-elected President Michelle Bachelet to push ahead with her reform program.
When the federal government spends more each year than it collects in tax revenues, it has three choices: It can raise taxes, print money, or borrow money. While these actions may benefit politicians, all three options are bad for average Americans. —