If US debt is increasing by $1 Trillion each 90 days (approx), on an annual basis that is approximately $11,000 of debt for every American in a year. Mind you, this is new debt, which has to be added to the existing debt, the existing obligation that the USA has to repay when the Treasuries, Bills, and Bonds come due.... Read more
Archive for the ‘Debt’ Category
Fiscal Collapse Accelerates – by Peter St Onge
April 5 | Posted by mrossol | American Thought, Big Govt, Debt, EconomicsBiden administration discharges another $6 billion in student debt for 78,000 public service workers
March 21 | Posted by mrossol | American Thought, Biden, Crazy, DebtCrazy that POTUS can, with the stroke of a pen, erase or cancel contractual obligations to the tune of billions of dollars, AND assign that obligation to the taxpayers of the USA. There is a lot of graft and corruption in America, but this ranks up there. mrossol Source: Biden administration discharges another $6 billion in student debt for 78,000 public... Read more
Senate passes Ukraine aid after marathon talking filibuster by conservatives
February 13 | Posted by mrossol | Congress, Debt, UkraineSTOP borrowing money only to give it to foreign countries. mrossol Source: Senate passes Ukraine aid after marathon talking filibuster by conservatives – 1776 Coalition The Senate passed a $95 billion foreign aid bill early Tuesday morning (Feb. 13, 2024) over the loud objections of conservatives opposed to its funding for Ukraine. After a rare all-night session and GOP-led talking filibuster, 22 Republicans... Read more
Biden Forgives Another $4.8 Billion in Student Debt
December 8 | Posted by mrossol | Biden, Debt, Democrat Party, Education12/7/23 Source: Biden Forgives Another $4.8 Billion in Student Debt | The Epoch Times The Biden administration announced Wednesday that it would forgive an additional $4.8 billion in student loan debt for 80,300 borrowers, bringing the total that taxpayer burden to $132 billion. “I won’t back down from using every tool at our disposal to get student loan borrowers the relief... Read more
Anarcho-Capitalism and Dr. Javier Milei
November 21 | Posted by mrossol | American Thought, Big Govt, Debt, Economics, Malone, Totalitarianism, WEF, Western CivilizationSource: Anarcho-Capitalism and Dr. Javier Milei
“The greatest danger to the State is independent intellectual criticism; there is no better way to stifle that criticism...
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‘The Hustler,’ the 1913 US Open, and the Debt Ceiling Negotiations
May 18 | Posted by mrossol | American Thought, Biden, Debt, Democrat Party, Republican(s)Source: ‘The Hustler,’ the 1913 US Open, and the Debt Ceiling Negotiations
There are powerful parallels in the 1961 movie “The Hustler,” the 1913 US Open, and the current debt ceiling negotiation.
Let me explain.
In each case, there is a real question of which competitor is going to succumb to the...
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