Debt ceiling scare tactics

Lots of people – including “leading” economists – are freaking out about the debt ceiling. Saying things like we won’t be able to pay our bills, and that we’ve already agreed to the spending, and the US government will default on the debt, etc. Is it true? Or just a scare tactic so they can […]

Fiscal Insanity

Ran across this post in today’s Daily Reckoning. Those of you who like to think we can go on printing money without consequences should read – not just this article, but basically everything they publish.  I wouldn’t call it “doomsday” stuff, but predicting financial collapse for those who think money can be summoned into existence […]

Krugman’s Fantasy World

This is what passes for great thinking these days.  In this article in the Guardian, Paul Krugman essentially says “Hey, we’re all broke and deep in debt. What should we do?” He answers by saying (again, I’m paraphrasing) “Print more money and spend it! Give it away! Go ahead, it won’t hurt a thing! Free […]

Rombama? Robama? Obamney?

Rombama? Robama? Obamney?  I don’t know what name will ultimately be used for this seemingly inevitable putridity of a choice, but it will suck.  Because there is no real choice between Barack Obama and Mitt Romney. Except for a few of the “I’m more Christian than Christ” stupidities that all Republicans evidently have to parrot, […]

Do as I say, not as I do.

So it looks like the government has gotten concessions out of private banks in regards to outstanding mortgage balances. According to USA Today  the settlement requires the five leading mortgage servicers to forgive at least $10 billion in principal that homeowners owe on mortgages. That will help underwater borrowers who owe more on their mortgages […]

Romney edges closer to batshit crazy

The Republicans have certainly had their share of experience with candidates dropping off the deep end into “batshit crazy” territory. Exhibit A was Bachmann, then Perry, then Gingrich – and Santorum has always been borderline lunatic – but for all his faults Romney at least seemed sane. He must be getting desperate to connect to […]

I received an email from one of my Senators, John Duncan this evening. He’s touting his sponsorship of a “point of order” on the proposed highway bill, which “called on Congress to face fiscal reality as it considers a two-year highway reauthorization bill.” He says he’s “against the pending highway bill for violating spending restrictions”. […]

Buffett’s view on gold

I posted this last April, as I heard lot’s of people taking about a bubble in gold, and how gold “doesn’t provide a dividend” and how gold “doesn’t make a profit”.   After reading Warren Buffett’s annual letter to Berkshire Hathaway shareholders today, I felt compelled to update the numbers, as Buffett dissed gold pretty bad. […]

Worst. President. Ever.

Just a quick Worst. President. Ever. update. Today we’re looking at the debt competition category.  (All data is from http://www.savingsbonds.gov/NP/BPDLogin?application=np) Total debt, last day before Bush’s first budget, 9/30/2001 – $5,807,463,412,200.06 Total debt, last day before Obama’s first budget, 9/30/2009 – $11,909,829,003,511.70 Total debt as of yesterday evening, 1/17/2011 – $15,236,288,061,558.65 Bush total debt increase […]

Knology Pricing

Transcript of a chat session I had with Knology while trying to find out the actual price after I received a very enticing offer in the mail today.  This isn’t funny, or in anyway unique – I just thought it offered some insight into the way these cable companies think we’re stupid. They ended up […]