Something has been bothering me since Boehner and McConnell and the Republicans caved-in to raising the debt level….again. America and most of the rest of the developed world, for that matter, has been building a mountain of debt that will bury us all one day in the not to distant future. We conservative/libertarians are the […]
Read more "Ignorance Is Not Bliss. Ignorance Is The Tool Of Those Who Would Rule Over Us."
The federal government’s debt has now reached the new threshold of $17 trillion. This graphic found at Richochet via Bad Blue is not very scientific but it does illustrate where our nation stands very well. That is a scary graphic, isn’t it? But, conservatives/libertarians can stop worrying (they are the only Americans who do worry […]
Read more "Democrat Congressman Has The Solution To America’s Debt Problem"
It has been a while since I have done a post on the economy and the debt bubble that has engulfed the United States and Europe and most of the world. In part this because the subject is so depressing. It is difficult for me, as I read more and more about the debt crisis, […]
Read more "Is It Too Late? Is It EnevitableThat The Debt Will Crush The World Economy?"
If you say both are to blame for our enormous debt, you would, of course be right. But can we be more specific as to which Party carries the most blame? Yes we can thanks to the efforts of the non-partisan Congressional Budget Office (CBO). An interesting article at American Thinker helps to understand the […]
Read more "Who Is Responsible For Our Debt The Deomcrats Or The Republicans?"
Since 1971 when President Nixon unhinged the dollar from gold, the dollar has been backed only by the “Full Faith and Credit of the United States Government”. The United States was by far he biggest and strongest economy in the world in 1971 so the rest of the world was content with the dollar being […]
Read more "Full Faith And Credit and the Debt Ceiling"
Well, I certainly don’t have the expertise to analyze the S$P decision todowngrade its outlook on US debt from stable to negative and warn that there is a one in three chance it will downgrade the US’ AAA rating in the next two years. Clearly the stock market didn’t like it because it took a […]
Read more "S&P Warning, What Does It Mean?"
Everybody is talking about the sky-rocketing national debt. Everyone is talking about the need to reduce spending and that is good. It should finally be obvious to the most casual observer that if we spend more than we take in that debt will continue to increase. The President will talk tonight about reforming entitlements and that […]
Read more "Herman Cain on Corporate Taxes"
You may recall a recent post I did where I talked about having learned, while studying to become an engineer, that one should avoid pissing into the wind. The blow back is most unpleasant. Well, that is exactly what our illustrious Congress is doing. They are pissing into the wind. On the very day that […]
Read more "Looking for a Few Good Men and Women _ Excellent Pay and Perks"