Looking better as events look worse.
None of the insanity that seems to be popping up in every direction you look would likely be happening if Donald Trump were still in office.
Tagged: Debt & Deficits
The Dow is not the economy.
Never in our lifetimes has the Dow Industrial Average been less reflective of the underlying economy than it is right now.
Boomers: ‘Sorry, but we spent all the money.’
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.
Why do the Dems get a pass on the “shutdown?”
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.
Golfing over governing.
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.
The road to insolvency is paved with good intentions.
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.
Obama voters: enjoy your victory quickly.
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.
Would you re-hire this employee?
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 you can’t pay the piper you can’t call the tune.
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.
The politics of smaller pie.
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.
Will we ever get serious?
The government has borrowed money over your signature and made promises in your name to the point that your household now owes $520,000.
We’re getting the Medicare we deserve.
On Monday, the 2012 Trustees Report on Medicare was released and the news isn’t as bad as you might think. It’s worse.
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.
It’s not a policy election. It’s a philosophy election.
The three Republican front-runners are now each out with tax proposals. None of the three has yet touched many hearts nor quickened many pulses.
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.
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 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.