Haven’t some of us been saying so?
What you ask? Well, that the real problem is the financial obligations to keep up the socialist bullshit: When adding in all of the money owed to cover future liabilities in entitlement programs the US...
View ArticleThe Canadian Model
To circle back to the most pressing topic of the day: S&P may be nitwits but their downgrade of our debt was utterly correct. We have not made any real inroads on our staggering debt load, the...
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Why The Debt Ceiling Deal Was A Total Cave By Boehner et al
Because it didn’t limit the debt ceiling at all, that’s why. It simply put in place a nearly automatic raising of the ceiling as long as Republicans couldn’t overcome an Obama veto. Come Monday,...
View ArticleThe Ticking Of Inevitability
“Never a lender, or a borrower be”, what was Shakespeare smoking? The moving of money is now the drivers of world economies, and if too much of a good thing is a bad thing, debt-that ultimate result of...
View ArticleThe Worst is Yet to Come
Building on Rich’s post on debt, I stumbled across this article that summarizes Harrisburg, PA’s recent attempt to declare bankruptcy. Essentially, the city got themselves $310 million in debt (that’s...
View ArticleNot “If”, but “When”.
As I have pointed out, we are sooner than later going to have another economic disaster, because the politicians that caused it not only didn’t fix it with a massive expansion of their power to...
View ArticleHappy 2012.. We are going to have some harsh times ahead
As 2012 opens people party but things look bleak here in the US. Unless you live under a rock you are bound to know about the 2012 change of the world – or end of the world – predictions and based on...
View ArticleOur Shrinking Debt
This is good news: U.S. debt has shrunk to a six-year low relative to the size of the economy as homeowners, cities and companies cut borrowing, undermining rating companies’ downgrading of the...
View ArticleWhy the President’s College Plan Won’t Work
I’ve been thinking about the President’s recently announced plan to change the federal student loan program. Something about it bothered me and it took Alex’s post below to finally crystallize my...
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