Found this educational resource today on the debt and deficit. Its a 3-part series from POLICYed.org. John Taylor discusses the major components of fiscal policy and their effect on the US economy. This series covers the complexities of the budget process, the debt and deficit, and the economy and the deficit. Main Series Page The [...]
While we were engaged in other efforts, we totally missed noting when the federal debt crossed over into $18 TRILLION. I'm not sure how we observe this...perhaps with some funeral dirge? https://www.youtube.com/watch?v=ZYB3yyu0UrQ http://www.usdebtclock.org/
Obama, in his own words.
From Generation Z to Generation D(ebt).
Today marks the date where the national debt reached 15 trillion dollars, with no end to the increase in sight. It's time to CELEBRATE! Buy a new house you can't afford, refinance a loan to take a vacation, or maybe just rack up another 10 grand on your credit card. But most importantly, be [...]
Got 2.43 minutes? This breviloquent explanation of our current situation is worth watching... Freedom in America Today Excessive Federal spending. Excessive and burdensome Federal regulation. Excessive tax compliance. Diminishing private business. New news? No, but the message is effectively packaged and presented in this EconomicFreedom.org piece. Oh, and the simmering undercurrent: how the United State's declining [...]
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
A vote on raising America’s debt ceiling may take place as soon as today. America needs leaders who place responsible, fact-based decision-making above all else. They might actually be in office today, fully aware of both pertinent fact and the best course of action. Their challenge lies in legislating from a perspective of whole truth [...]
Budget negotiations are reportedly closing in on a deal to cut the federal deficit and then raise the debt ceiling. Bloomberg focuses on a big number and then, later, tells you that the cuts will happen over ten years. In other words, the dealmakers are going to cut a few hundred $Billion per year from [...]
Kudos to these Senators for finding a way to preserve hard-earned taxpayer money: "U.S. Senators Jim DeMint (R-South Carolina), Orrin Hatch (R-Utah), David Vitter (R-Louisiana) and John Cornyn (R-Texas) today offered an amendment to the Economic Development Revitalization Act to roll back the International Monetary Fund’s (IMF) ability to use $108 billion in taxpayer dollars [...]