I Think S&P Was Too Kind
I still don’t have a computer, so this won’t be as indept as it should be. Last night, Standard & Poor’s lowered the US Government’s credit rating from AAA to AA+. Honestly I think they were too kind and we got off light. I wouldn’t buy US Bonds if they were the last investment in town, and that has been my stance for years now.
A Progressive’s Austerity Plan: More Spending And Taxes!!!!
Austerity is a government policy of deficit-cutting; lower spending and a reduction in the amount of benefits and/or public services provided, while sometimes coupled with increases in taxes (but not necessary). Can we all agree on this definition? If so, let’s look at progressive Richard Eskow’s counter “austerity” plan: Say what you will about Rep. Ryan’s budget proposal, it’s a vision. (…) It may not | Read More »
On St. Patrick, We Are Drunk On Red Ink
(Title Inspired By Daniel Hannan*) Happy St. Patrick’s Day, my friends! Better drink up that green beer, because we are drowning in red ink. I know is called “RedState” but that doesn’t mean we like the idea of government turning out red ink everywhere it goes.
The Only Thing The One can do Ever — is spend: his “new” $50 Billion Road and Rail Plan Just Announced
Here is something new, The One has decided to spend more money on roads and rail — a “new” $50 billion plan. Money we don’t have. Money he will print or borrow. But The One knows how to do only one thing, create more debt, and impose more taxes with his reckless, non-stop, unrelenting spending. He has his play book. And he is arrogant and | Read More »
The Record Deficit and Dollar Meltdown
A direct result of Barack Obama being elected President and the Democrats take over of Congress is that the U.S. the deficit has grown to a record $1.4 Trillion. From AP: The federal budget deficit tripled to a record $1.4 trillion for the 2009 fiscal year that ended last week, congressional analysts said Wednesday.
, Associated Press
, Barack Obama
, Congressional Budget Office
, Financial Times
, hedge funds
, printing money
, printing U.S. currency
, US Deficit
Of Deficits, Health Care Reform, Interest Rates and the Value of the U.S. Dollar
These two paragraphs from the Weekly Standard reasonably sum up the connect the dots between health reform, deficits, interest rates and the value of the U.S. dollar: The president is about to engineer the takeover of the health care sector. Unless Congress refuses to go along with the establishment of a government insurer — voter enthusiasm for this “reform” is minimal — competition from an | Read More »