Archive for the ‘Debt’ Category

Obama and the Sequester Scare

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

You gotta wonder about all the [left leaning] Ivy League Schools when their graduate newspeople cannot challenge a Democrat President on these issues…. I mean, why isn’t anyone presenting some numbers? Let’s talk about percentages, etc.? Where is this country heading? =============== By PHIL GRAMM President Obama’s message could not be clearer: Life as we know it in America will... Read more

Canada, Druckenmiller and Warsh: Generational Theft Needs to Be Arrested – WSJ.com

February 19 | Posted by mrossol | American Thought, Debt

Help! Why isn’t the press talking about this? ============= By GEOFFREY CANADA, STANLEY DRUCKENMILLER AND KEVIN WARSH We come from different backgrounds, parties and pursuits but are bound by a common belief in the promise and purpose of America. After all, each of us has been the beneficiary of the choices made—and opportunities created—by previous generations of Americans. One of us grew up... Read more

Debt Excess Even Lives in Texas

January 21 | Posted by mrossol | Debt, Tax Issues, US Debt

“Every ballot to issue new bonds should say how much debt is already outstanding, and what it costs each year.” Exceptional. Right on the money! ============== By SUSAN COMBS Austin, Texas Federal, state and local governments have generated millions of pages of unreadable prose laying out rules and regulations and asserting their authority over our lives. But the whole nation began with a Declaration of... Read more

More Debt and Taxes

January 2 | Posted by mrossol | American Thought, Debt, Party Politics, Socialism, Tax Issues

Term limits need to happen. ====== By DAVID MALPASS Whatever ultimately emerges from the fiscal-cliff negotiations over the past 48 hours, the country will survive. But the damage can’t be undone. Taxes are going up for all working Americans. And so is the size of government. Businesses have been waiting to see whether a second Obama administration will encourage the economy. During the fiscal-cliff... Read more

Soak the Rich! (What rich?)

December 3 | Posted by mrossol | Debt, Economics

The Gov obviously miscounted something… ======== A funny thing often happens on the way to soaking the rich: They don’t stick around for the bath. Take Britain, where Her Majesty’s Revenue and Customs service reports that the number of taxpayers declaring £1 million a year in income fell by more than 60% in fiscal 2010-2011 from the year before. That was the year that... Read more

Debt is Even Deeper Than Most Think

December 3 | Posted by mrossol | Debt, Economics

Letters to the Nov. 27th story “Why $16 Trillion Only Hints at the True U.S. Debt” by Chris Cox and Bill Archer. ==== While “Why $16 Trillion Only Hints at the True U.S. Debt” by Chris Cox and Bill Archer (op-ed, Nov. 27)is on the mark, it doesn’t tell the complete story. Although it is true these amounts aren’t included in the... Read more

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