Never in our lifetimes has the Dow Industrial Average been less reflective of the underlying economy than it is right now.
Tagged: Debt & Deficits
America’s post-war wealth is now gone and in its place stands a mountain of debt that our kids will shoulder all the way to their graves.
If journalism were functioning in America, the reporting would go beyond the ‘gotcha’ politics of the moment and would drill down into the actual substance of what separates the parties.
More than two months late, the president has at last complied with the law and submitted a budget. It is, as we have come to expect, an ideological document that is untethered entirely from actual governing.
One of the biggest drivers of America’s massive spending and debt problem is our inability to weigh the good intentions of programs that spend billions of dollars against the actual results that those programs produce.
If you’re celebrating Obama’s victory, be careful. You own President Obama and President Obama owns the economy and world events. Given the parlous state of both, prudence dictates that you keep your glee in check.
I have a question for those wanting to renew President Obama’s contract. Why? What about the past four years do you wish to see continued for the next four years?
When the money drains away, the power to control events drains away with it. So the Brits learned in 1939. So we are learning in 2012.
Interrupted from time to time by brief and usually mild recessions, since World War II the American economy grew at such a rapid clip that politicians were largely insulated from having to make difficult choices. That day may be over.
The government has borrowed money over your signature and made promises in your name to the point that your household now owes $520,000.