An awful lot of Congresscritters lately have been threatening to refuse to raise the debt limit unless legislative programs whose funding has been previously authorized and appropriated are re-negotiated. Of course, new tea party representatives have been threatening this daily. more »
In a little more than a month, the President will give his State of the Union speech. There's every reason to believe that, in it, he will state that, in all sincerity, he believes that the United States Government has a deficit problem and a national debt problem that must be brought under control.
He will tell us that the Government is running out of money. more »
Yesterday, as reported in Money News, Moody's made me laugh, with the following pronouncements:
” . . . it could move a step closer to cutting the U.S. Aaa rating if President Barack Obama's tax and unemployment benefit package becomes law. . . . more »
The national debt exists today because when the nation went off the Gold Standard in 1971 and adopted its present non-convertible fiat currency system, Congress did not repeal its mandate requiring that the Government back all its deficit spending with already existing borrowed dollars whose convertibility was covered by our holdings of Gold. more »
I'm sick and tired of hearing progressive icons like Bernie Sanders, Keith Olbermann, Ed Schultz, and many, many others, talking about the evil of leaving an enormous national debt, now at $13 Trillion plus to our Grandchildren. And I'm especially tired of hearing Congresspeople and Senators complaining about this. more »
So here it is, almost halfway through this President’s first term, and it’s starting to become abundantly clear that there is no way Obama is going to pursue the same agenda that he ran on in 2008.
In fact, as the President announces a deal that even he agrees the majority of the American people do not support, and he prepares the Nation for the news that we’re going to have to borrow mon more »
I took a couple of weeks off, as Thanksgiving and snow came around (a subject we’ll address in a day or so), but we are all again occupied as lots of things we’ve been talking about either will or won’t come to pass, and it seems like all that’s happening all at once.
Today we’ll take on “Don’t Ask, Don’t Tell” (DADT); this because the Pentagon’s top leadership just came ou more »
In a stunning public display of just who our government works for and who it does not work for, unemployment checks for people out of work longer than 26 weeks run out tomorrow night. Congress, meanwhile, is caught up in a debate over extending a special tax break for the few people making more than $250,000 a year. more »
A month ago, President Barack Obama vetoed a bill that would have made it far more difficult for borrowers to prove that banks were engaging in foreclosure fraud. more »
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