From Bloomberg: S&P Cuts U.S. Rating for First Time on Deficit Reduction Pact The U.S. had its AAA credit rating downgraded for the first time by Standard & Poor’s, which slammed the nation’s political process and said lawmakers failed to cut spending enough to reduce record deficits. “The downgrade reflects our opinion that the fiscal [...]
A Morning Joe appearance from 27 May 2010 (it won't embed; click on the link below and watch the video): Morning Joe Senator Coburn was on Morning Joe this morning and spoke more truth. I went looking for it and found this oldie. I'll get today's interview up when it's available. Great stuff!
Props to WilliamBanzai7 for the pic, shamelessly ripped from Zerohedge.
Please watch this. This is from last week. It is mostly about the debt / deficit, but he covers a lot of very pertinent topics. Two 15 minute pieces. Great rant! http://www.youtube.com/embed/3tVJ2gqqKWs http://www.youtube.com/embed/66LvgPHsUXY Then again today, on the Senate floor (video loads on the right side of the page): http://www.c-spanvideo.org//SenRe/start/14756/stop/16376
And the obvious next question: How far does this have to go before your friends will believe what's really happening? http://www.youtube.com/watch?v=cgWCAhytQuA&feature=player_embedded
...but only among the general public. Only thinking outside the box will help. So far, no evidence this is happening to the degree required in Washington. The language used is "business-as-usual," "more government is the answer," "compromise." Nothing will change until the paradigm shatters. We will continue to compromise right up until it does. http://revolutionarypolitics.tv/video/viewVideo.php?video_id=15845 [...]
...and, of course, more taxes, because someone has to pay for all of this borrowing, you see. You debt slaves out there aren't deep enough in it yet. I can still see the tops of some of your heads. How the hell do you expect us to do a thorough asset-stripping if you still have [...]
This isn't a democracy. Government by polls = democracy. Democracy = two wolves and one sheep voting on what to have for dinner. ===> Democracy = Where’s my free stuff? Yet, any understanding of the simple math of how a productive free market economy actually works, which is no longer taught in government schools (hmmm, [...]
From Accounting Today: A bipartisan group of senators that has been meeting on and off for months to hammer out a budget deficit reduction plan appears to have reunited and gained support on both sides of the aisle for a plan to reduce the budget deficit by $3.7 trillion over 10 years. “The good news [...]
I wish I could write like this, but alas..."Edge of the Spending New Frontier" Here's a teaser: ...it is the utopians and their economic policies who have forced their own moment to its crisis. Had Obama not won, they would have been able to comfortably sit back and blame Bush era policies for the mess. [...]
You thought my last piece on "Bond Vigilantes" was a joke, didn't you? NOPE. On Zerohedge today: The Bond Vigilantes Are Here: US Net Notional CDS Outstanding Surpasses Greece For The First Time As the first chart below shows [follow the link to see the charts and the article], of the Top 25 CDS outstanding [...]
Even Bernanke's money-dropping aircraft are powerless to stop the carnage. http://www.youtube.com/watch?v=o7gFlSGXt_k&feature=related Ray Dalio was just interviewed by John Cassidy of The New Yorker. The article goes to some length to describe Dalio's business style and his rigorous nature, probably an effort by the magazine to establish his credibility with its readership. Ray Dalio is the founder [...]
