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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.
While this country is involved in discussions (held mostly in secret) concerning our ever increasing debt, and ever increasing spending, perhaps we should look to what the liberals in Canada did. Yes, you read that correctly, the liberals.
Michael Walsh is in-studio today and we’ll be discussing his New York Post article out this morning. He’s also promoting the release of one of his earlier novels available for your Kindle and Kindle apps.
With the federal legislative session not exactly in full swing, you have plenty of time to review President Obama’s bi-partisan commission’s “how to reduce the debt” draft report. Unfortunatley, I don’t have time to read much this evening, but I wanted to provide you a link to the PDF for your reading pleasure.
Reams have been written about extending, or not, the Bush tax cuts. Many in Washington claim, now that the election is upon us, that something must be done to reduce the deficit, and, we are presumably led to believe that increasing taxes on the very wealthy is the answer.
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.
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…
Really now… what else could it be? Certainly the United States is the undisputed champion when it comes to providing foreign aid to countries in need, but if those countries have the resources to lend the United States a few million here or a few million there, why is this exchange happening?
The Hartford Courant – along with a bunch of other MSM outlets – released an AP news story detailing how more and more people are falling behind on their credit card debt. The value of credit card accounts at least 30 days late jumped 26 percent to $17.3 billion in October from a year earlier…
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