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The following article is a truly chilling account of the world’s financial situation. I’d say, “Save your money; hard times are coming,” but saving money won’t do any good when the coming tidal wave of inflation rolls in. To borrow the Reverend Wright’s saying, the world’s chickens are coming home to roost. Irresponsible borrowing and [...]
Posted by Jerry Pomeroy as Budgets, Economics, Government Blunders at 4:04 PM UTC
Charles Krauthammer nails it: zero economic growth, zero jobs growth, zero good ideas on how to get the economy moving. Happy non-labor day.
Posted by Jerry Pomeroy as Economics, Obama Presidency, Video at 8:21 AM UTC
As the Reverend Jesse Jackson would say, we should always look for the root problem. What lies at the bottom of America’s fiscal nightmare? Read on:
EDITORIAL: Markets to Obama: shut up
Toxic fiscal policies send investors fleeing
By THE WASHINGTON TIMES
4:55 p.m., Monday, August 8, 2011
President Obama pauses as he speaks in the State Dining Room [...]
Posted by Jerry Pomeroy as Best Of the Web, Economics, Government Blunders, Obama Presidency at 6:39 AM UTC
Here’s the bitter truth about America’s debt:
Posted by Jerry Pomeroy as Cultural Insanity, Economics, Government Blunders, Video at 5:24 PM UTC
The inevitable has happened. The Federal government has spent its way out of the highest credit rating. For the first time in history, at least one rating agency has reacted to Washington’s profligate ways. When more downgrades follow, everyone’s credit will cost more. Thanks President Obama.
S&P downgrades U.S. credit rating
By Charles Riley @CNNMoney August 5, [...]
Posted by Jerry Pomeroy as Best Of the Web, Budgets, Economics, Government Blunders at 7:21 PM UTC
For a sobering look at our national debt, put www.usdebtclock.org in your browser. Be sure to click on the link in the top right-hand corner that shows debt in the year 2015 at current rates. Beyond scary.
While you are at it, enjoy a clip from Judge Judy. This is what we’ve created:
Posted by Jerry Pomeroy as Budgets, Economics, Fraud Watch, Government Blunders, Video at 4:28 PM UTC
Little confidence in government? Listen to these guys to confirm your suspicions:
Posted by Jerry Pomeroy as Economics, Government Blunders, Video at 1:33 PM UTC
Here’s your chance to see what $1 trillion looks like. We owe $14.3 trillion ($14,300,000,000,000) and our political leaders want to, and will, borrow more. When is enough enough?
Posted by Jerry Pomeroy as Economics, Government Blunders at 6:51 AM UTC
Pardon my excitement, but holy cow! The New York Times actually printed an article that presents evidence heralding spending cuts over tax increases to solve deficit problems. No kidding. You need to read to paragraph 13 to strike gold, but it’s worth the slog. What’s next, Time Magazine arguing for intelligent design? Of course, the [...]
Posted by Jerry Pomeroy as Best Of the Web, Budgets, Economics, Taxation at 1:59 PM UTC
2004 Democratic Presidential nominee John Kerry was known as the great flip-flopper, changing his political positions sometimes from one day to the next. President Obama, while taking longer to throw his own ideas under the bus, nevertheless is demonstrating the same lack of core values that plagued Kerry’s campaign. Here’s the latest example:
Obama vs. Obama
Not [...]
Posted by Jerry Pomeroy as Economics, Taxation at 8:54 AM UTC