Republicans aren’t the dumbest politicians there are, but they’re in the running… Especially if they lose this advantage. ============ The way the budget showdown is going, Democrats may soon require the Republicans to pay ransom before they’ll allow the GOP to reopen the government and raise the debt ceiling. That’s how badly the party’s Ted Cruz faction has messed up the politics... Read more
Archive for the ‘Debt’ Category
Detroit Looks to Pay Less to Bondholders
June 16 | Posted by mrossol | American Thought, Big Govt, Debt, Democrat Party, Liberal Press, Party PoliticsWhat a mess. I’m sure George Bush is mostly to blame. Is anyone surprised that most liberal newspapers do not put too much time into this story. Might be inconvenient… ============= By MATTHEW DOLAN, KELLY NOLAN and EMILY GLAZER DETROIT—The city of Detroit told some debtholders on Friday they will have to accept pennies on the dollar or risk getting drawn... Read more
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
Econ 201: Trust and the “experts”
March 18 | Posted by mrossol | Debt, EconomicsA 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
