Posts Tagged ‘deficit’
Bipartisan commission on government spending – complete theater
That’s right, it’s a complete dog and pony show, and the admission price may well destroy the American economy.
Read MoreChina sells $34 billion in US bonds in December
I’m no international banking financial guru, but this can not be a good sign. The flip side is that other countries – including Japan and the UK – seem to be buying, but at what price?
Read MoreWhite House unveils $3.8 trillion budget monster (Update)
While distributing the largest federal budget in the history of the world, administration staffers reminded everyone the country would be running huge deficits for the foreseeable future, and there is nothing anybody can do about it.
Read MoreDeficits are bad, but the real problem is spending
Another great featured video from the Cato Institute. Dan Mitchell uses an analogy I’ve used myself when discussing the United States deficit and debt, comparing it to a family getting a mortgage for a home. Mitchell is even using my “symptom of the disease” theme. I’m honored Dan … 😉
Read MoreDodd declares – economic crisis ended when Obama took office
Just received an e-mail update from Sen. Chris Dodd (D-Conn.). It seems as though our economy is still “feeling the effects of last year’s crisis.” Now, last year was 2008, and this year is 2009. I guess he figures since President Obama took office, the crisis must have ended and it was – of course…
Read MoreObama sets us up for double-dip recession – his words
So President Obama and the congress-critters in Washington D.C. get together and triple the United States deficit in one year. Triple. I say again, TRIPLE. Then, during an interview he says we best be careful not to increase the deficit too much or we risk a double-dip recession?
Read MoreObama considering paying off debt, with more debt
I’m quite certain the Obama administration consists of a bunch of fools, and they think you’re a bunch of fools too. Imagine paying off one of your credit cards with another one of your credit cards. Would you think you’ve improved your financial situation? The bozos are considering reducing the deficit with “extra” TARP funds.
Read MoreIndia buys a lot of gold
I’m not a financial expert, but this can not be good at all. India has purchased $6.7 billion in gold, swapping out U.S. dollars for the precious metal. Hopefully those in the know will try to figure out why. (Hint: Check out the chart below the fold.)
Read MoreFederal budget triples under Obama – yes TRIPLES
Jim Hoft over at Gateway Pundit is wondering where the heck the media is on this story. Why are they ignoring the fact the federal budget tripled between 2008 and 2009? For the last 12 months the deficit is $1.4 trillion.
Read MoreSocial Security strained to the limit: Democrats cheer
Big job losses, early retirements and SSA finds itself suddenly paying out more in a year than it collects. Trust me folks this is just a preview of coming attractions. It’s only going to get worse as the baby boomers flood the system. And before you sneer at the boomers, know this … these are…
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