Economy, spending, and debt
Senator Rubio offering some candid commentary on the debt ceiling problem. We need more of this, and less Cowboy Poetry. Please share this with your friends...get the word out.
The large size of our debt is nearly incomprehensible...here's another illustration via video.
Props to WilliamBanzai7 for the pic, shamelessly ripped from Zerohedge.
From the Committees of safety tea party at Faneuil Hall 2008. Dr. Edwin Vieira delivers a powerful argument for following the constitution. http://www.youtube.com/watch?v=G6hYECl91hY&feature=related http://youtu.be/3OFsUYtsYE8? http://youtu.be/18qmSyOKj_8 http://www.youtube.com/watch?v=P9jDWzN0KCk&feature=related
...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 [...]
Click the link for an amazing graphical representation of US debt. You've probably seen something similar, but this is an updated (and even more insane) version. Have you contacted your senator's office lately? CLICK!
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 [...]
Presented without comment, as none is necessary (props to Zerohedge). Click on the image for a full size view:
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 [...]
Props to Zerohedge (the best English-language financial news aggregation service in existence anywhere) for the heads up. ...the major factor driving credit quality is the relatively high level of debt and the difficulty in significantly cutting spending. We are taking a negative action not based on the delay in raising the debt ceiling but rather [...]
The chart below is "Total Credit Market Debt Owed," direct from the Federal Reserve's graphical web interface "Fred Graph." Anyone can see that the graph had gone parabolic right before the onset of the Great Recession. Anyone can see that this rate of ever-faster accumulation of debt couldn't continue. And, it didn't continue, it stopped. [...]
A large group of patriots gathered at Rep. Eric Cantor’s office yesterday to personally deliver the message that we do not support a raise in the debt ceiling, unless AT LEAST the Cut, Cap, and Balance approach is implemented. I was impressed at how many people came out with less than 24-hour notice in the [...]
