Category Archives: debt and deficit

Cypress via Drudge

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Budget fantasyland

Weekly Standard: Proposed Dem Budget Increases Spending 62% Over Next Decade Senator Patty Murray, the Democratic chair of the Senate Budget Committee, finally released a budget today. Year over year, in this proposed budget, spending jumps dramatically. Seriously? You can’t … Continue reading

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Drudge and Sequester

Screen capture from the Drudge website:  

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James Carville: “Why do we want to cut anything?”

Dumbfounded.  

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Sequester: Did CNN changed their name to FOX news?

CNN: If Sequestration Is So Horrible, Why Did WH Propose It? WOLF BLITZER, CNN HOST: Gloria, explain why if this is such a horrible idea, these forced spending cuts, why did the White House come up with this plan in … Continue reading

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James Grant finds it very curious the 10 year Treasury is paying only 2%

News you should use: Bond yields have been going down and bond prices have been going up for approximately 31 years. Of course, two issues have to concern you to take this seriously: You are troubled that the United States … Continue reading

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Smart man (as much as it pains me to say it): Putin Turns Black Gold Into Bullion as Russia Out-Buys World When Vladimir Putin says the U.S. is endangering the global economy by abusing its dollar monopoly, he’s not just … Continue reading

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You can’t make this stuff up: Pelosi: There’s No ‘Spending Problem’ With the sequester set to kick in on March 1, President Obama and his Democrat allies are hell-bent on shifting the conversation away from proper government cuts, and toward … Continue reading

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Harry Reid talking out of both sides of his mouth. According to FactCheck.org Reid inflated the $2.6 trillion figure for the show.  The senator referred to the same figure as being $100 billion less, three days  before on the Senate … Continue reading

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Coming soon to a country vear you: Labor Minister Says France Is “Totally Bankrupt”

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Zero Hedge: The lesson here is obvious. Just as in Roman times, bankrupt nations today will stop at nothing to keep up the scam just a little bit longer. I’m sure you have already guessed the ending: Egan-Jones is banned … Continue reading

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Novel idea: GOP demands Senate pass budget before ‘long-term’ debt deal What a novel and common sense idea. “Since taking the majority, House Republicans have done their job,” Ryan said in the statement.  “We’ve passed a budget that promotes economic … Continue reading

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Glenn Reynolds: Nothing says good credit risk like a commitment to unlimited increases in debt! Commons sense escapes our politicians.

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Michael Ramirez: The coming avalanche of debt, entitlements and Obamacare.

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Paul Krugman: Be Ready To Mint That Coin Be afraid, be very afraid. If there isn’t some unintended consequence that comes out of such tomfoolery, then the government and/or Ben Bernacke should simply drop money from helicoptors and we can forget about working … Continue reading

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Taxation: A twentysomething that’s not being “taken for a fool”

Ray Muccio: The Life and Times of an Overtaxed Nation: From the Eyes of a Twentysomething When we see special tax rates put in place for Hollywood producers—$430 million tax benefits and the ability to expense up to $15 million … Continue reading

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Spending is not a problem

via Reason Magazine (and mulitple other sources for that matter), Barack Obama: ‘We don’t have a spending problem’ At the same time, Obama’s alleged quote is unsurprising, because a vast swath of Democrats well and truly believe that spending is … Continue reading

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Stoopidity on display at Meet the Press

Well a combination of journalists and politicians is bound to come up with numerous displays of stoopidity. That said, a national debt graphic that’s off by $3 trillion?

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Politico: President Obama’s debt problem

Really? The picture caption states: Obama can no longer focus on his predecessor’s role in digging the hole. Wanna bet? Regardless of who you want to blame it on, and HOW LONG you want to blame it on SOMEONE. WE … Continue reading

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While we’re talkng taxes, moving on to the fiscal cliff: Higher Taxes for All: The Dems’ Terrible Fallback Plan for the Fiscal Cliff The Senate tax bill is just that — a tax bill. It would extend the Bush tax cuts … Continue reading

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