It’s not possible to borrow this much!
The Obama-Pelosi-Reid plan is to borrow $888-billion and spend it, as though that would fix anything. But who would loan us the money? Answer: nobody. As California has learned, there’s a limit to how much a spendthrift government can borrow. We’re already in hock to the Chinese for $681-billion, after our government borrowed an extra $227-billion from them in the last year. The official U.S. Treasury | Read More »
Trouble in Paradise
It looks like not all Congressional Democrats are prepared to march in lockstep with Barack Obama into a brighter future: Rep. Paul Kanjorski (D-Pa.), who chairs the Financial Services subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises, said on C-SPAN that Democrats have “lost our way” and “shouldn’t be pressed by silly deadlines” of getting the bill into law by the Presidents Day recess.
Is Obama Set to Repeat Clinton’s Big Mistake?
In 1992, Bill Clinton campaigned for the presidency on a platform that focused on tax cuts (to get the economy moving again), welfare reform, and getting tough on crime. By the time he vetted his agenda with Congressional leaders, the early focus of his administration had shifted to enacting a public works package, lifting the ban on gays serving in the military, and raising taxes. | Read More »
The Curious Economics of our Times
We’ve all been focused recently on the tactical actions of our government in the current financial crisis. Recapitalizations. Bail-outs. Bridge loans to nowhere. Stimulus packages. Anything but actually helping us to solve the fundamental issue of concern – debt. A major component of the current economic crisis is an overabundance of debt. Financial companies borrowed in excess to feed leveraged investments to boost returns, encouraged | Read More »
Washington Monument Ploy in Full Effect
Have you ever heard of The Washington Monument Ploy? It works like this: Imagine the city of Washington, DC has a fiscal crisis and is looking for ways to restrain its budget. So it closes the Washington Monument in a cost-cutting measure. The public is outraged. Letters pour in from all over the nation. How could the city close a monument that represents all that | Read More »
My Ballot, in Brief
I don’t have an exceptional amount of time today to outline my ballot and why I voted this way, but I’ve filled out my ballot and will mail it in today. Here’s how I voted.
, John McCain
, Mary Bono Mack
, Moreno Valley
, Sarah Palin
, t. boone pickens
US National Debt
So I got up for work this morning and while I was driving through the ghetto for a long hard day at the old grind and I was listening to my local radio shows, when I heard some disturbing misconceptions bye a bunch of uneducated liberal idiots. Of course the subject was the growing US nation debt which has recently grew to over 9.5 Trillion | Read More »
A Mickey Mouse Congress or Just Their Vacation Destination?
Cross-posted on Right Michigan at www.RightMichigan.com. Stop the presses! Literally! Something’s wrong in the editorial board room at the Ivory Tower. The crack team of Granholm-endorsing liberals may have been body snatched and replaced with pod people. Even more shocking, the pod people appear to have a slightly higher dose of common sense than the regulars in those soupy, vegetable brains of theirs. The | Read More »