Ok, I know the Daily Kos is a socialist leaning liberal site, but when this popped up in my newsfeed I just had to comment. First up, here’s their quote (I’m not attempting to verify the quote, an I’m assuming it’s accurate) from Mike Lee (R, Utah) I mean, look, when we’re bringing it about [...]
Filed under: Economy, Political | Tagged: Congress, Debt, debt ceiling, debt limit, dubya, national debt, Obama | Leave a Comment »
Wow. How he did it: Three Keys to Boehner’s Budget Victory is a Fox News story that drools over Boehner. I personally think Boehner is the worst possible leader for the Republicans, because he’s a typical middle-of-the-road “Moderate” who stands for nothing – aka George “Read My Lips” Bush Sr and Bob “Could I possibly [...]
Filed under: Economy, Political | Tagged: Boehner, budget, deficit, FauxNews, Fox News, Inflation, national debt, Obama, Obama is an idiot | Leave a Comment »
I was commenting on a post on KnoxViews.com tonight, and it occurred to me to make a simplified chart of the depression era showing how government spending does not equate to economic stimulus for the economy. Here’s part of my comment and the new chart. A popular misconception is that Hoover cut spending and Franklin [...]
Filed under: Economy, Political | Tagged: Debt, depression, economic theory, FDR, hoover, national debt, new deal Keynesian | Leave a Comment »
This will be a different type of post. Over the past few days, I have had an exchange of comments on MarketWatch.com, and the format there doesn’t lend itself to that type of discussion, so I’m going to continue it here. I have no idea if “Marsden” will reply or not, but I hope so, [...]
Filed under: Economy, Political | Tagged: Clinton, depression, FDR, hoover, Inflation, MarketWatch, national debt, Robert Frank, surplus | 3 Comments »
I was reading through The Daily Capitalist blog tonight, and I read a post entitled “The Chinese Aren’t As Dumb As the Fed Thought” that reminded me of a news blurb I saw today. It seems that there was much less interest in today’s Treasury auction of 5 year notes than was expected. According to [...]
Filed under: Economy, Global Climate, Political, Sports | Tagged: Britian, China, Federal Reserve, IMF. reserve currency, Inflation, national debt | 1 Comment »
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 [...]
Filed under: Economy, Political | Tagged: budget, Bush is an idiot, CBO, deficit, national debt, Obama | Leave a Comment »
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 [...]
Filed under: Economy, Political | Tagged: Bush is an idiot, debt clock, deficit, Mogambo Guru, national debt | Leave a Comment »
I read an article on Business Week saying that the dollar may be at a bottom. Huh? I read the entire article, but I don’t see anything that suggests we’re going to quit borrowing $1.45 billion per day – and that’s at the national level alone. Coupled with the American consumers’ ability to live beyond [...]
Filed under: Economy | Tagged: Bernanke, Debt, dollar, Finance, national debt, writedowns | Leave a Comment »
