As we begin to hear about how terrible the republicans are due to their concern about the debt ceiling, I thought some perspective may be in order. Of course, both parties use this method to criticize the other, so this isn't just a democrat problem. However, when using the arguments presented, BOTH parties are correct: [...]
That’s the sound of the federal debt rising under then-Sen. George Allen. During his six years in office, the federal debt went from $5.72 BILLION to $8.68 BILLION. Almost THREE TRILLION DOLLARS. And so, in Nov. 2006, guess where Allen was? GOOOOOONE! Voted out of office. And that’s where he should stay. Every single [...]
When I started teaching summer school this year, I told my students, most of whom had failed English 9, that I was there because I had failed. Specifically, I had failed to manage my money properly and was taking the majority of my summer school pay to pay off my last credit card. I paid [...]
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 [...]
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, [...]
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 [...]
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 [...]
Watching TV while eating lunch today inspired this rant. Relevant ideas for your consideration: The budget "cuts" are compounded over ten years, but the debt ceiling raise is just until it gets used up again. So when they talk about "$2 Trillion in cuts and $2 Trillion in debt ceiling increase" what they mean is [...]
Two Action Items: 1. Visit Congressman Cantor's Office Tomorrow Regarding the Debt Ceiling! There are nationwide visits to Congressional offices planned for tomorrow at 12:00 Noon. Please join us with visiting Congressman Cantor's office in Richmond to show our support for how he is currently standing firm on requiring spending cuts and resisting tax increases, [...]
Senator Warner, In your recent column in the Washington Post "Opinions" page, you made an argument that we need to cut spending and raise revenue now in order to cut the deficit. You also said that the budget is 25 percent of GDP and revenue is 15 percent of GDP which are respectively too high [...]
That's the message you should see whenever they say "We're going to punt this problem until after the next election." It means they are going to do something the voters really hate, and so they hope to be able to make you forget what they did by the time another two years passes. It means [...]
I have this sinking (but totally expected) feeling that Republicans are about to sell out us and the nation yet again. Before we get to that, though, let’s begin with some good old fashioned class warfare rhetoric from a true artist: "If we do not have revenues, that means there are a bunch of kids [...]
