Money
the-debt
Washington
Break The Glass and Approve the Bush Tax Cuts
The default option in Washington right now is for the House to “break the emergency glass with the red fire ax” and pass the Senate’s bill that extends the Bush tax cuts to the middle […]
Economists
Our Debt Situation is Worse Than Greece
The Greek economy is in free fall. The “austerity measures” there have driven unemployment above 20%, and the future looks bleak. The reason is their national debt-to-GDP ratio is 130%. How does the U.S. compare? […]
Money
TaxAgeddon Here We Come
The total value of the “fiscal cliff” is $600 billion plus another $125 billion in current debts ($60 billion for Sandy aid, $20 billion in current debts each for the U.S. Post Office, the FHA […]
Democrats
The Democrats Plan for the Fiscal Cliff
After four debates and wall to wall campaign rhetoric, it’s pretty clear what the Democrat’s game plan is for resolving our nation’s financial plight. The math is simple enough: Obama passed a $900 billion stimulus […]
Editorials
Piling All this Debt on Our Kids is Downright Immoral
For all you boobs who missed Obama’s pep rally on Monday; well, you missed some great boob shots. Obama posed in front of a group of “middle class Americans” at the Executive Office building across […]
People
Senator Cornyn Threatens Government Shutdown If Spending Isnt Curbed
Texas GOP Senator Cornyn published an op-ed in The Houston Chronicle today, the first Republican to speak out against Democrat intransigence over reforming entitlements. In a story published at MarketWatch, he is quoted as saying […]
People
Pelosi Wants to Use the 14th Amendment to Float the Debt Limit
House Minority Leader Nancy Pelosi was quoted Friday by The Hill as an enthusiastic supporter of using the 14th Amendment to raise the debt limit. The 14th Amendment states that “the validity of the public […]
Republicans
Republican Leader Says They Have Zero Leverage in Debt Limit Fight
Congressman Denny Rehberg of Montana, who just lost a Senate bid, is reported in The Hill to be convinced the Republicans have no traction in a debt ceiling fight. The scenario goes like this: (1) […]
Obama
Obama Will Manufacture the Debt Ceiling into His Next Crisis Victory
Senate Minority Leader Mitch McConnell spoke on ABC’s “This Week” on Sunday, reported by The Hill. He expressed what’s already happening throughout the media – the tax issue is now dead in the water. It’s […]