Archive for the ‘US Debt’ Category

Obama was moderate

March 11 | Posted by mrossol | American Thought, Democrat Party, Losing Freedom, Party Politics, Republican(s), The Left, US Debt

This should not be a surprise to anyone. Not only our children, but we will pay a very heavy price; financially with a weaker dollar, and with significant loss of freedoms that the left is pushing. mrossol WSJ  3/11/2021 Democrats on Wednesday passed their $1.9 trillion spending and welfare bill that would have been unimaginable even in the Obama years,... Read more

Debt, Currency wars in sight?

November 16 | Posted by mrossol | Debt, Economics, US Debt

This is an interesting article. A very brief overview of what might be driving thinking on the US Dollar. William White in theMARKET. 

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Student Loan Scam

December 27 | Posted by mrossol | Obama, The Left, US Debt

Scam is a very good word for it. ===== WSJ 12/27/2017 After nationalizing student lending, the Obama Administration sought to reduce the government’s $1.3 trillion loan portfolio by allowing disgruntled borrowers to discharge their debt. Last week Education Secretary Betsy DeVos ended this fraud against taxpayers. After driving Corinthian Colleges out of business in 2014, the Education Department implemented a haphazard process to forgive... Read more

Bankruptcy Options for Student-Loans??

March 10 | Posted by mrossol | American Thought, Education, Obama, Socialism, The Left, US Debt

Another MAJOR ‘wealth transfer’ from taxpayers, to non-payers. An absolute crock… ======= By Josh Mitchell And Katy Stech March 10, 2015 12:17 p.m. ET WASHINGTON—The White House said Tuesday it is weighing whether to make it easier for Americans to discharge student loans through bankruptcy, a major change that would effectively open the door for student debt being treated on par with credit-card debt... Read more

The Troubling Numbers in the Obama Budget

March 12 | Posted by mrossol | American Thought, Big Govt, Socialism, US Debt

I think the key item Galston brings up is that in the past much Federal spending contributed to infrastructure improves – these provided a real multiplier impact. Spending on consumption.. not at all. ===== When he was governor of New York, Mario Cuomo famously remarked that “You campaign in poetry; you govern in prose.” To which he might well have added, “And... Read more

Henninger: Escape From Spending Hell

March 13 | Posted by mrossol | US Debt

Well, have something to add? ========== So it looks like we’ve all been sentenced to spending at least two more years in budget hell with Barack Obama. Under the rules of budget hell set the past four years by the prince of Pennsylvania Avenue, you’re not allowed to do anything real about federal spending. You can only fight over federal spending. Forever. Paul... Read more

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