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If you are under 40, here’s what you get to inherit as we boomers die off:
Obama on Pace to Borrow $6.2T in One Term—More Than All Presidents from Washington Through Clinton Combined
By Terence P. Jeffrey
January 13, 2012
President Barack Obama and Treasury Secretary Tim Geithner (AP Photo/Gerald Herbert)
(CNSNews.com) – President Barack Obama has been increasing [...]
Posted by Jerry Pomeroy as Budgets, Campaign 2012, Economics, Government Blunders, Obama Presidency at 9:35 AM UTC
Finally, a thinking man addresses greed. Thank you Walter Williams!
I Love Greed
Jan 04, 2012
What human motivation gets the most wonderful things done? It’s really a silly question, because the answer is so simple. It turns out that it’s human greed that gets the most wonderful things done. When I say [...]
Posted by Jerry Pomeroy as Best Of the Web, Economics, Politics at 6:49 AM UTC
Whether or not you support Mitt Romney for President, his most recent campaign article clearly posits the paths American voters must choose between next November. It all boils down to this: do we want an Entitlement or Opportunity society. Well worth the read:
Romney: What kind of society does America want?
By Mitt Romney
In less than a [...]
Posted by Jerry Pomeroy as American Dependence, Campaign 2012, Core Values, Economics, Obama Presidency at 2:27 PM UTC
Following is one businessman’s opinion of the current occupant of the White House. His sentiment goes a long way in explaining the government’s role in stifling business and thus any economic recovery. Enjoy:
‘Company Policy: We are not hiring until Obama is gone’
3:56 PM, Nov 23, 2011
Bill Looman, at home in Haralson County, Georgia, November [...]
Posted by Jerry Pomeroy as Campaign 2012, Economics, In A Perfect World, Obama Presidency at 3:13 PM UTC
$600 trillion in derivatives? Whatever the number, debt is the demon that may cause is all to long for the good old days. Happy reading:
The next financial crisis will be hellish, and it’s on its way
By Addison Wiggin | Forbes – November 16, 2011
“There is definitely going to be another financial crisis around the corner,” says [...]
Posted by Jerry Pomeroy as Budgets, Economics, Government Blunders at 6:04 AM UTC
If Israel attacks Iran’s nuclear facilities, disrupted oil flow may result in oil costing $200 per barrel. That shakes out to about $8.00 per gallon for gasoline. It’s possible, as the following story says. Don’t you wish America would pursue true energy independence? It’s probably too late now, but drilling in ANWR, off of our [...]
Posted by Jerry Pomeroy as Economics, Energy, Government Blunders at 2:11 PM UTC
Today’s news that Detroit bus drivers are refusing to work due to safety concerns is just one more indication of how bad things are in the Motor City. Be sure to watch the conclusion of this video to catch which news agency made this report:
Like the Energizer Bunny, America’s debt just keeps growing and growing and …. At or near October’s rate of borrowing, we’ll hit the new debt ceiling in 2013. Will we again hear the morons in Washington lie about the vital need for more borrowing? Bank on it. Get a grip citizens. Wake up taxpayers. Vote [...]
Posted by Jerry Pomeroy as Cultural Insanity, Economics, Taxation at 3:58 PM UTC
Looking for a no nonsense, brilliant economist? Look no further. Walter Williams hits the nail on the head time and again. This time, he explains profits and the profit motive so even Occupiers can understand them. Well, maybe…
Profits Are for People
Walter E. Williams
Oct 26, 2011
The Occupy Wall Street demonstrators are demanding “people before [...]
Posted by Jerry Pomeroy as Economics at 3:51 PM UTC
Many “occupiers” littering Wall Street and other city centers have proudly identified themselves as socialist, communist, or Marxist. Some claim to be all three. Victims of a failed educational system, they haven’t noticed the glaring deficiencies in those systems when they are tried in the real world. All Europe is on the brink of economic [...]
Posted by Jerry Pomeroy as Best Of the Web, Communism, Economics at 4:43 PM UTC