Archive for the ‘Debt’ Category

FHA Losses Could Hit $115 Billion

June 5 | Posted by mrossol | American Thought, Debt

“They” promised they WILL NOT LET IT HAPPEN, so better grab you pocketbook! ============= By NICK TIMIRAOS The Federal Housing Administration’s projected losses over 30 years could reach as high as $115 billion under a previously undisclosed “stress test” conducted last year to determine how the agency would fare under an extremely severe economic scenario, according to documents reviewed by a congressional committee. The... Read more

Flight Delay Rebuke

April 28 | Posted by mrossol | American Thought, Debt, Sequester, Socialism

If you ran a business this way… =========== It isn’t quite Ronald Reagan breaking the 1981 air-traffic controllers strike by firing 12,345 of them, banning them from government employment for life, and decertifying their union. But it’s close enough for cheering. On Thursday night the Senate unanimously reversed the Federal Aviation Administration’s sequester furloughs, and the House followed on Friday with a... Read more

Econ 201: Trust and the “experts”

March 18 | Posted by mrossol | Debt, Economics

A very good basic Econ 210 course – in 15 minutes.. =============== Would the Real Peter and Paul Please Stand Up? By Dylan Grice In a previous life as a London-based ‘global strategist’ (I was never sure what that was) I was known as someone who was worried by QE and more generally, about the willingness of our central bankers to play games with... Read more

Ryan Budget Proposes Caps on Defense Spending, a Shift for GOP – WSJ.com

March 13 | Posted by mrossol | Debt, Party Politics

A proposal… does the loyal opposition offer something else … (in the past four years)? ============ Ryan Budget Proposes Caps on Defense Spending, a Shift for GOP.

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“Make the sequester as painful as promised” – White House

March 8 | Posted by mrossol | Debt, Obama, Sequester

If you were a share-holder and your board managed the company this way there would be a “house cleaning”. =============== The White House announced Tuesday that it is canceling tours of the president’s home for the foreseeable future as the sequester spending cuts begin to bite and the administration makes good on its warnings of painful decisions. Announcement of the decision — made... Read more

Call Obama’s Sequester Bluff

February 27 | Posted by mrossol | American Thought, Debt, Obama

Isn’t there anyone out there in politics that has a backbone? =============== The $85 billion in spending that will eventually be cut after the sequester kicks in amounts to around two cents on the dollar in the overall federal budget. That hasn’t kept Mr. Obama and his team from trying to scare the bejesus out of Americans about the spending reductions. On Friday,... Read more

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