Yep, 90% of the problem is someone else’s fault. ============ A question raised by President Obama’s immortal line on CBS’s “60 Minutes” on Sunday—”I think that, you know, as President, I bear responsibility for everything, to some degree”—is what that degree really is. Maybe 70% or 80% of the buck stops with him? Or is it halfsies? Nope. Now we know: It turns... Read more
Archive for the ‘Debt’ Category
GM discounted the Volt How Much!?
September 24 | Posted by mrossol | Debt, Economics, EnvironmentThe rest of the story… ============ DETROIT (AP) – General Motors rolled out the Chevrolet Volt two years ago with lofty sales goals and the promise of a new technology that someday would help end America’s dependence on oil. So it seemed like a good thing in August when sales of the $40,000 car set a monthly record of 2,800. But a closer... Read more
Desperately Seeking Middle-Class Taxes
September 6 | Posted by mrossol | Debt, Economics, Tax Issues“Truth in Lending?” ====== Democrats in Charlotte are pounding away at the savage budget cuts that Mitt Romney and Paul Ryan supposedly favor and their phantom plan for “raising taxes on the middle class,” as President Obama puts it. The truth is the opposite, but table that for a moment. The President seems not to realize his critique is really a scorching... Read more
$25 Trillion in Debt by 2022
August 6 | Posted by mrossol | Debt, Obama“When Obama took office in 2009 he promised to slow the growth of the debt by cutting the annual deficit in half. At the time he said “We cannot and will not sustain deficits like these without end. Contrary to the prevailing wisdom in Washington these past few years, we cannot simply spend as we please and defer the consequences... Read more
