Henninger: The Building Blocks of a GOP Agenda – WSJ.com. Almost hard to believe that a few Republicans actually “Get it.” ========= The “smart money” says Barack Obama is cruising to re-election because of Republican disarray. Pick up a paper, visit a blog, turn on the TV or radio, and reports of Republican misadventure will engulf you: Mitch Daniels just said no.... Read more
Archive for the ‘US Debt’ Category
Welcome to an Elite Group!
May 24 | Posted by mrossol | Economics, Uncategorized, US DebtFrom Drew Rathgeber: First, allow me to share some very interesting statistics, which can be found on www.usdebtclock.org . Our US National Debt as of this morning is $14,282,545,200,000.00. For each individual taxpayer this makes the debt liability a staggering $129,164.00 and for each individual $46,215.00. Ironically, one very concerning figure I see is that there are only 111,425,654 current income... Read more
The Constitution and the Debt Ceiling
May 19 | Posted by mrossol | American Thought, US DebtRivkin and Casey: The Constitution and the Debt Ceiling – WSJ.com. I keep learning something. By DAVID B. RIVKIN JR. AND LEE CASEY Congressional Republicans debating how to use the government’s debt ceiling to control runaway federal spending should examine one of the Constitution’s relatively obscure clauses: Section Four of the 14th Amendment. This provision, which forbids any default on ... Read more
No Relief in Sight for Muni-Bond Market
April 6 | Posted by mrossol | Economics, US DebtAbreast of the Market: No Relief in Sight for Muni-Bond Market – WSJ.com. We’re not talking about Federal debt, here, either… “If you don’t like the income statement, the balance sheet, you’re not crazy about management and they don’t have good governance, why would you loan anybody money, other than the fact that they haven’t defaulted in the past?”... Read more
