Economy, spending, and debt
Most people have their paycheck automatically deposited into their checking account and they make note of it in their check register. Then most people keep a running total in their check register so they know how much money they still have left in their checking account. Now imagine that your register shows you still have [...]
From the Cato Institute: I can't say it enough, my friends: we have a LOT of work to do.
Congressional intransigence in dealing with the budget deficits + the past three decades of Federal Reserve credit bubble-blowing = the Financial Times quotes an analyst for RBC Capital Markets thus: “Dollar bears have become a marauding horde,” said David Watt, analyst at RBC Capital Markets. “We may be seeing a turn in the longer-term outlook [...]
When someone believes they are the embodiment of the Ubermensch, you might hear them speak words like these: "You Never Want A Serious Crisis To Go To Waste" http://www.youtube.com/watch?v=VjMTNPXYu-Y&NR=1 What did he mean? "What I mean by that it's an opportunity to do things you think you could not do before." This is a really [...]
Consider: normally, during international crises, financial crises, etc., a phenomenon occurs known as "flight to safety." In the past, this has been synonymous with "flight to the dollar." During normal economic times, risk assets (stocks, commercial buildings, etc) are a good way to earn return on your investments. When a crisis hits, there is a [...]
1. The Ben Bernank prints up an insane amount of money and floods the world with it: 2. Food prices start to rise (this is wheat): 3. The man on the street in North Africa starts to starve, protests begin, and governments start to fall: http://www.benzinga.com/11/01/782891/food-riots-2011 The stunningly violent food riots in Tunisia and Algeria [...]
The central issue in the battle of public employee unions versus the people of Wisconsin, and the many looming similar confrontations elsewhere, is about the wisdom of having public employee unions in the first place. I searched for a discussion of the issue not colored by the politics, partisanship, and personalities of the current strife [...]
What happens when the central bank spews forth vast sums of brand new money? Just what they wanted: prices start to rise. The problem is, there's no way for them to precisely guide where the new money goes, so prices for everything start to rise. Everything, of course, includes food and energy. Now, it is [...]
As you probably know by now, our own Eric Cantor couldn’t muster the will to cut the full $100 billion from the budget he and other Republicans promised during the 2010 campaign. While this is disappointing, it’s certainly not unexpected and highlights just how much work we have left to do. Because even if he [...]
This is a quick update to this morning’s post, Runaway Trains, about the administration’s high-speed rail boondoggle. Rasmussen Reports, the national polling organization, reported today on their survey of public opinion on high-speed rail: A new Rasmussen Reports national telephone survey finds that, overall, 41% of Likely Voters favor the plan and 46% are opposed. [...]
Two excellent opinion pieces were published Monday on the administration's high-speed rail boondoggle. One was an editorial in the Wall Street Journal: We suppose every President is entitled to a pipedream, but President Obama's vow in his State of the Union address that 80% of Americans should have access to high-speed rail in 25 years [...]
On Thursday, Feb. 10, Delegate Lacey E. Putney (I-Bedford), Chairman of the House Appropriations Committee, opened House debate on HB 1500, amendments to the Fiscal Year 2011-2012 State Budget with these remarks. Highlights of the House budget amendments include the following key provisions that underscore the House's fiscally responsible approach to state finances: Dedicates $112 [...]
