Tagged: Debt & Deficits

A nation of infants.

Forget the esoterica of the constitutional arguments. Forget that Congress has arrogated to itself power over your life on a scale never before seen. The real problem with Obamacare is that upwards of four out of ten in the United States believe that entitlement on such a scale is even possible.

Why you may be frustrated.

If you’re frustrated or scared I think I know why. Not only is nothing being done about our problems, little of use is even being said.

S&P’s shot across the bow.

Yesterday, Standard & Poor’s issued a negative outlook on the sovereign debt of the United States. Thus the U.S. joins an ignominious pantheon of bankrupt companies and failed socialist states.

The magnitude of the problem.

House Budget Committee chairman Paul Ryan has unveiled a proposed budget for fiscal year 2012. That proposal would cut more than $6 billion in federal spending over ten years.

It’s time to shut ‘er down.

Republicans may wish to avoid a fight with Democrats that results in a government shutdown. But wishing not to fight and refusing to fight are two different things. It’s time to fight.

Ideology is one thing. Results are another.

According to former Reagan budget director David Stockman, since the third quarter of 2008, the nation’s gross domestic product has grown at the rate of only $4 billion per month.

Have a cafe au lait and relax.

The Dow Jones Industrial Average closed Thursday afternoon down by nearly 400 points on fears of, among other things, the debt crisis in Europe.