“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
Archive for the ‘US Debt’ Category
Gold, Greenbacks and Inflation—A History and a Warning
January 17 | Posted by mrossol | American Thought, US DebtGood Econ 201 Lesson. ======= By PAUL MORENO The Federal Reserve, which celebrates its 100th anniversary this year, is tasked by Congress with managing the money supply so as to preserve price stability while maximizing employment. But with the central bank having increased the money supply by 25% since the financial crash of 2008—while the federal government has borrowed $5 trillion—can inflation be... Read more
Paul Ryan: The GOP Budget and Americas Future
March 23 | Posted by mrossol | American Thought, Debt, US DebtYou seen anything better? =========== By PAUL RYAN Less than a year ago, the House of Representatives passed a budget that took on our generation’s greatest domestic challenge: reforming and modernizing government to prevent an explosion of debt from crippling our nation and robbing our children of their future. Absent reform, government programs designed in the middle of the 20th century cannot fulfill their... Read more
Obama Playing Russian Roulette? – R Benko
July 26 | Posted by mrossol | Economics, Obama, Party Politics, US DebtRight on the money… =========== Ralph Benko, Forbes-commentary: President Barack Obama is on the verge of terminally discrediting himself by playing some very bad games very badly. The means of avoiding default are crystal clear. Obama is not just ignoring them, but evading them. He is guilty of playing Russian Roulette with America’s creditworthiness. His administration is playing Three Card Monte with... Read more
AttaBoyBoehner – Joel Rossol
July 26 | Posted by mrossol | Economics, Obama, The Left, US DebtNot a bad perspective for a young man [of whom I’m proud]. (emphasis, his) === If Obama REALLY THINKS we are going to stumble into disaster should the debt limit not be rasied… then it seems to me that as a leader… the impetus is on him given he is largely responsible for getting us into this mess. But he cares too... Read more
