Posts Tagged ‘debt ceiling’
House and Senate agree on Fiscal Cliff legislation – Nothing fixed
Failure was not an option. The Fiscal Cliff senario was set up by Congress to force Congress to deal with the serious policy and financial issues facing the federal government. They created a worst-case-senario that would punish everyone with higher taxes across the board and major federal spending cuts. In a 24 hour period, Congress…
Read MoreTreasury secretary proposes infinite debt limit
Hey, when you’re trying to run an expanding federal government, seeking permission from the people to spend more and more money we don’t have is a bloody inconvenience. When asked if we should ditch the debt limit all-together, Treasury Secretary Timothy Geithner agrees with Alan Greenspan – spend away! “Well, this is something only Congress can solve,”…
Read MoreThe sky didn’t fall
On Sunday, Secretary of the Treasury, Timothy Geithner, took to the Sunday morning talk show programs to speak about the gridlock over our national debt ceiling. I am not adept enough to add a video clip of his comments. But, here is what I heard.
Read MoreThe debt ceiling, and something to think about
While the President was negotiating with Congressional leaders last week about the debt ceiling, he advocated a “really big package” that would raise the debt ceiling by $4 trillion. When that seemed to be going nowhere, he said he would “settle” for a $2.4 trillion increase. This smaller amount, per the President, would get us…
Read MoreWhat the debt negotiations aren’t
The negotiations on spending cuts and deficit increases (somewhat of an oxymoron) are basically being conducted in secret. This alone conjures up visions of Obamacare, which, now that we can see what’s in it, is becoming more and more unpopular. But, even though the “negotiations” are being held behind closed doors, we have learned what the President will…
Read MoreThe Constitution and the debt ceiling
Recently a new Constitutional “myth” seems to be gaining traction. It comes from those on the left who, although declaring the Constitution “over 100 years old, and confusing”, have apparently decided that the Constitution isn’t so bad after all, if it can serve their purposes.
Read MoreTake the debt seriously – cut spending instead of increasing debt ceiling
Wrapping up the economic implications of raising or not raising the debt ceiling in less than two minutes is all but impossible in my opinion, but why not at least try? Bankrupting America does just that in this video after the jump.
Read MoreThe debt ceiling: what you need to know
We are close to reaching our country’s “debt ceiling”. In layman’s terms, that means that Congress has said we can only borrow some $14 plus trillion (mostly from China) and after that the “credit card” is cut off. This administration has told us that if we don’t raise our credit card limits, a parade of…
Read MoreDemocrats come to Jesus moment … now deficit hawks
Somehow I never saw this coming, but maybe I should have. But as you will see below the fold, I think on a state level some Democrats, faced with the reality of billions in deficits, really do get it. On the federal level, not so much.
Read MoreRand Paul To Republicans: We are co-opting you
By that he means the Tea Party Movement. Stand strong my little mobsters.
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