Tomorrow is election day. Are you ready? Are you still undecided? Well perhaps this may just put some things into perspective for you. Read more
What? Where? How? When? President Obama has been holding out on us, and his deputy campaign manager Stephanie Cutter is stepping onto the MSNBC stage – where else – to let everyone know the solution has been presented and half-way implemented, but nobody is listening.
David Stockman a former U.S. Politician and Businessman served as Republican
Representative from the state of Michigan (1977-1981). He then served as the
Director of the Office of Management and Budget during the Ronald Reagan’s First Term
in Office (1971-1985).
As mentioned in Jim’s Show this morning, Mr. Stockman had some dire warning
regarding the Economy.
This from Wikipedia regarding his Financial Legacy
President Jimmy Carter’s last signed and executed fiscal year budget results ended with a $79.0 billion budget deficit, ending during the period of David Stockman’s and Ronald Reagan’s first year in office, on October 1, 1981. The gross federal national debt had just increased to $1.0 trillion during October 1981 ($998 billion on 30 September 1981). By 30 September 1985, four and a half years into the Reagan administration and shortly after Stockman’s resignation from the OMB during August 1985, the gross federal debt was $1.8 trillion. Stockman’s OMB work within the administration during 1981 until August was dedicated to negotiating with the Senate and House about the next fiscal year’s budget, executed later during the autumn of 1985, which resulted in the national debt becoming $2.1 trillion at fiscal year end 30 September 1986 and becoming $2.6 trillion at fiscal year end 30 September 1988.
As mentioned during today’s show here are some video clips that may just send a chill down your spine.
Like the federal budget the state of Connecticut’s debt keeps rising. At the time of this
writing the states debt is $40,629,690,000+ and rising despite tax hikes and new taxes
levied on services such as pet grooming, hair cuts.
The states debt clock can be found here: http://www.usdebtclock.org/state-debt-clocks/state-of-connecticut-debt-clock.html
The Connecticut Republicans are now asking
“Can you afford more of the tax and spend policies pushed by Gov. Dannel Malloy and majority Democrats in Connecticut’s legislature?”
In the latest video post by the CHRCC (Connecticut House Republican Campaign Committee)
points fingers at just who the leaders of the Democratic Controlled Legislators are and who followed them down the
path of increasing taxes.
As the state of Connecticut faces another year of deficits, unemployment and a bus-way to nowhere you really
have to ask yourself , “Are our state leaders really listening to its citizens?”
You can watch video here:
Take a few minutes today to read Prof. Walter Williams’ current Creators Syndicate column, Economic Chaos Ahead.
Yesterday, the President told us that, in a few weeks, he would be providing Congress with ideas about what Washington can do to fix our economic malaise. Read more
I heard this term used three times today. Once meant nothing, twice, maybe a coincidence, but three times, from three different speakers, begins to sound like a new “talking point”. Read more
We did a post last week concerning the July 24 prediction made by Secretary of the Treasury, Timothy Geitner, that, if a “debt ceiling” deal wasn’t reached that afternoon, our stock markets would tumble dramatically on Monday, July 25. The DOW did fall by 88 that Monday. Certainly not good, but hardly the calamity predicted. Read more
At 6 pm Friday evening, we learned that the negotiations between the President and the Speaker of the House concerning the debt/deficit fell apart. Why? Read more
After listening tonight to the “dueling banjos” of the President’s press conference, and Speaker Boehner’s ensuing press conference, we seem to be back to square one. Read more