Archive for the ‘Debt’ Category

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

The 10% President

September 25 | Posted by mrossol | Debt, Economics, Obama

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

GM discounted the Volt How Much!?

September 24 | Posted by mrossol | Debt, Economics, Environment

The 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

Our Big Fat Greek Habits

August 8 | Posted by mrossol | Debt, Socialism

The U.S. isn’t Greece but . . . It takes twice as many firefighters to put out half as many fires as it did 30 years ago. Fewer fires because of better fire safety is one reason, but another is the dispatch of overqualified firefighters and their vehicles to things that aren’t fires. In Orange County, Calif., only 2% of responses involve... 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

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