Is Geithner really that dumb?

Timothy Geithner is either really stupid or he’s simply lying to buy time.  I left work early today and I heard this quote from Rush Limbaugh on the way home (I used to listen to him regularly, but his shtick is getting old – how long can he blame everything on the Democrats and Clinton?  […]

A dialogue with Geithner

Today’s Daily Reckoning had a good piece (as usual) from Bill Bonner.  He had an imaginary conversation with Tim Geithner about how to handle the debt bubble.  I wish I would have thought of that, but I’m not known for being original.  🙂  Here’s part of the conversation where Tim calls up Bill and asks […]

A deficit dummy

It’s easy to find dumb articles on the economy these days, but this one by Robert H. Frank in the NY Times is quite possibly the dumbest collection of nonsense that I’ve read in quite some time. Mr. Frank is an economist at Cornell – evidently Cornell has loose requirements on who can claim that […]

Obama is imitating Bush

George Bush was – by far – the biggest budget busting president of all time.  In just 8 years he racked up almost as much debt as the previous 42 presidents did in the previous 212 years of the United States combined.  To put it another way, Bush almost doubled the national debt in just […]

A $3.55 trillion budget

Spending “only” $3.55 trillion is considered to be fiscally responsible? President Obama inherited a more than $1 trillion deficit from the idiot George Bush, but he’s tacked on more than his fair share already.  The current estimate of the deficit is now up to $1.75 trillion for fiscal year 2009, which started on Oct 1st, […]

Can Obama cut the deficit in half?

According to Reuters, an anonymous “administration official” said The deficit this administration inherited was $1.3 trillion or 9.2 percent of GDP. By 2013, the end of the president’s first term, the budget cuts the deficit to $533 billion or 3.0 percent of GDP. I don’t think Obama will do that – he certainly hasn’t started […]

How to blow $787 billion – American Recovery and Reinvestment Act of 2009

In perusing the Recovery.gov site, I found some interesting things.  It doesn’t say anything, but it has a link, to a link where you can read the whole text of the bill.  You can click 4 times through the various websites and messages to get there, but eventually you wind up here. (One click, I […]

The Mogambo Guru

Richard Daughty is a funny man, with something serious to say.  In today’s essay he makes a number of good points, but the increase in the deficit is the one that caught my attention.  He says: The end result is that it looks like there is going to be a lot of borrowing and printing […]

I.O.U.S.A on CNN this weekend

It’ll be on CNN at 2pm Saturday and 3pm Sunday.  It’s an exclusive “televised” version, so it’s not identical to the movie, but I’ve been wanting to see it for quite awhile.  Here’s the press release for it: http://www.iousathemovie.com/press/iousacnn/ From the press release:  The two-hour program will feature an exclusive televised version of the nonpartisan […]

Bush sucks Part 1

I don’t have time to get into all of the reasons that George W. Bush will go down in history as one of the worst Presidents ever, but the Knoxville News Sentinel captured part of it in an editorial today.  His mind boggling deficits. In case you’ve forgotten, we had a surplus (fake though it […]