The markets know that the piper must be paid.
The piper has arrived in Europe, seeking to be paid for 60 years of social entitlement spending. Everyone knows that the piper’s next stop is the United States.
Tagged: debt
If it doesn’t hurt, it’s not a cut.
Following 9/11Continental Airlines was in nowhere near the financial trouble the U.S. government is in now. Yet Continental’s CEO made dramatic cuts to his company’s expenses to ensure economic survival. No one in Washington is making any such proposal for the United States.
Where are the cuts?
Aside from throwing out a number ending in the word, “trillion,” what specific spending cuts are any of Obama, Boehner, Reid, the “Gang of Six” or anyone else proposing? When does anyone propose the the U.S. actually spend less money than it is currently spending?
The late-season comeback that Boomers need.
The 1978 Yankees staged a dramatic comeback to save the season and save their reputation. We Baby Boomers need something similar.
Recent presidents explain why we’re broke.
If the government stopped wasting money tomorrow, the country would still go broke. Such is the magnitude of the entitlement state.
What would Nixon do?
Richard Nixon is regarded as one of the most cynical presidents ever. Yet even he might be appalled at the current president’s demogoguery on deficits and the debt ceiling.
Hail to the Cynic in Chief
Every chief executive and every business owner in the country has had to prioritize spending since the economy went soft in 2007. It’s what executives get paid to do. But President Obama refuses to make spending choices. He prefers vilifying successful Americans as a sop to his hard left base.
Who really sets the debt limit?
Bill and Marge have been hitting the VISA card each month to close the gap between what they earn and what they spend. Their reckoning is coming. The U.S. Government needs to learn from Bill and Marge.
Graduating to service debt.
Nearly unlimited student loan availability has removed the price signals that would have otherwise kept prices for college in check. Thus the price for college is outpacing inflation by as much as five-to-one.
That anxiousness you’re feeling is healthy.
Don’t be alarmed by that sick feeling that came over you following Obama’s speech on the federal budget this week. If you’re feeling anxious, it’s a sign of your mental health.
The debt: It’s time for leadership.
Ten years ago, in 2001, the existential threat facing the United States was radical Islamic terrorism. Say what you will about President George W. Bush, no one can credibly argue that he failed to address the threat. In fact, the bulk of the criticism leveled at President Bush stemmed directly from the actions that he took to address terrorism. Today, a decade later, terrorism remains a threat but it’s no longer the biggest threat. Economic...
Obama’s new pool house.
The president gave little evidence that he appreciates the severity of the country’s financial situation. It is not a stretch to say that the country faces its greatest crisis since World War II or even the Civil War.