Well, have something to add? ========== So it looks like we’ve all been sentenced to spending at least two more years in budget hell with Barack Obama. Under the rules of budget hell set the past four years by the prince of Pennsylvania Avenue, you’re not allowed to do anything real about federal spending. You can only fight over federal spending. Forever. Paul... Read more
Archive for the ‘US Debt’ Category
Unraveling Navys Decision on USS Truman
March 2 | Posted by mrossol | American Thought, US DebtHmmm. More political gamesmanship? ============ Little in the polarized debate over the spending cuts that took effect Friday has engendered the level of rancor as did the U.S. Navy’s decision to delay deploying an aircraft carrier to the Persian Gulf. Some Republicans questioned whether the Obama administration was playing politics with America’s national security. Others have asked if the Navy could have cut... Read more
Book Review: Coolidge
February 11 | Posted by mrossol | American Thought, US DebtGood article to help you brush up on your history… which I needed. ================ By ROBERT MERRY ‘Debt takes its Toll.’ Thus does Amity Shlaes begin her biography of Calvin Coolidge, the laconic, flinty-faced New Englander who became America’s 30th president upon the death of Warren Harding in 1923 and then captured the office in his own right in 1924. Ms. Shlaes, the... Read more
Debt Excess Even Lives in Texas
January 21 | Posted by mrossol | Debt, Tax Issues, US Debt“Every ballot to issue new bonds should say how much debt is already outstanding, and what it costs each year.” Exceptional. Right on the money! ============== By SUSAN COMBS Austin, Texas Federal, state and local governments have generated millions of pages of unreadable prose laying out rules and regulations and asserting their authority over our lives. But the whole nation began with a Declaration of... Read more
Gold, Greenbacks and Inflation—A History and a Warning
January 17 | Posted by mrossol | American Thought, US DebtGood Econ 201 Lesson. ======= By PAUL MORENO The Federal Reserve, which celebrates its 100th anniversary this year, is tasked by Congress with managing the money supply so as to preserve price stability while maximizing employment. But with the central bank having increased the money supply by 25% since the financial crash of 2008—while the federal government has borrowed $5 trillion—can inflation be... Read more
Paul Ryan: The GOP Budget and Americas Future
March 23 | Posted by mrossol | American Thought, Debt, US DebtYou seen anything better? =========== By PAUL RYAN Less than a year ago, the House of Representatives passed a budget that took on our generation’s greatest domestic challenge: reforming and modernizing government to prevent an explosion of debt from crippling our nation and robbing our children of their future. Absent reform, government programs designed in the middle of the 20th century cannot fulfill their... Read more
