Category Archives: debt

New all time highs for gold.

What a surprise!

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“But it is absurd for the Republicans, time after time, to bear the burden of proposing solutions that the Democrats cavalierly refuse to consider.”

John Hinderaker comments on Democratic leadership on the budget…. So let’s add this up. The Republican House passed a budget–a very good one, too–within the deadlines prescribed by the Congressional Budget Act. The Senate Democrats ignored the law and refused … Continue reading

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“The largest debtor nation in the world”

Quotes from the interview with Jim Rogers… “The largest debtor nation in the world”“They didn’t downgrade anygody until it was already over” (on Moody’s and subprime crisis)“Longer term something will replace the US dollar” Gold Over $1600 Silver Over $40

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Debt limit trade

Hike in debt limit and 5% across the board cut in Federal spending. It’s a good starting point. Why won’t this idea get any traction? Unfortunately the answer is too obvious.

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Next Stop, $1600

For Gold that is. Quotes from kitco.com.

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The Deficit is Worse than we Think

says Lawrence Lindsey in todays Wall Street Journal. In a nutshell the issues are: 1. Normalization of interest rates increasing the cost of borrowing 2. Over optimistic projections of growth 3. Obamacare: Employers dumping their health plans and sending their … Continue reading

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Is the US in denial over its $14tn debt?

LOL. You have to ask? “You have promises implicit in the structure of welfare states and aging populations that mean there is an unacknowledged debt that will have to be paid for by future taxpayers, and that could double the … Continue reading

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The debt will be higher when they’re done

Oh great. Neil Cavuto explains. Watch the latest video at video.foxnews.com “If that is dranconian, then I”m Darwin….”

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The Bond King

Interesting snippits… Gross also addressed the tax and budget debate in Washington, saying that corporations are paying too little in taxes compared to individuals. He said fixing the tax code would be helpful but only if it’s done right. and … Continue reading

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“… and grown men can’t cut $34 to $60 billion dollars”

Oh a priceless Rick Santelli rant that I caught live this morning. Here’s an excerpt starting at around 3:00′ but really the whole rant is deserving of your time. “..well ya know, I just read about Freddie and Fannie ya … Continue reading

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Democrats: Federal budget rope-a-dope

What a surprise. No worry that the Daily Camera won’t be complicit in playing their role as a member of the legacy media… Meanwhile, Senate Democratic leaders are attacking GOP spending cuts as “mean-spirited, reckless and irresponsible,” confident that most … Continue reading

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Is $10.5 billion in cuts “really the best the Democrats can do?”

So… exactly what are “drastic cuts” to the Federal budget? Jonah Goldberg takes a look. Fox News Sunday host Chris Wallace repeatedly pressed Sen. Dick Durbin: Is $10.5 billion in cuts “really the best the Democrats can do?” The No. … Continue reading

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The American public: Debt ignorance

Good grief. I didn’t realize the general public was a stoopid as the Boulder progressive elite. More than 7 in 10 respondents say slashing foreign aid and pulling troops out of Iraq and Afghanistan would result in substantial savings, and … Continue reading

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“Laughter is the only appropriate response”

Quibbling over Federal Spending crumbs.

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” Hosni Mubarak was more in touch with reality last Thursday night.”

We’re talking the Obama budget. This $3.73 trillion budget does a Cee Lo Green (“Forget You,” as cleaned up for the Grammys) to the voter mandate in November to control spending. It leaves every hard decision to the new House … Continue reading

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Debt = Economy

Mark this day. Yea, yea, I know, it’s all the Republican’s fault. 

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$500 billion in cuts

Sweet. A real discussion about the budget must begin now—our economy cannot wait any longer. For 19 months, unemployment has hovered over 9%. After a nearly $1 trillion government stimulus and $2 trillion in Federal Reserve stimulus, the Washington establishment … Continue reading

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Who is big enough to bail out the United States?

Moody’s, S&P issue warning to US on bond ratings That’s not just gloomy speculation, either. As Steve Eggleston wrote earlier this week, Social Security has run cash deficits for most of 2010, meaning that the SSA has paid benefits mostly … Continue reading

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China and Russia on Printing Dollars

GLOBAL ECONOMY-Obama returns fire after China slams Fed’s move China… “As a major reserve currency issuer, for the United States to launch a second round of quantitative easing at this time, we feel that it did not recognise its responsibility … Continue reading

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One thing leads to another

More specifically… U.S debt to rise to $19.6 trillion by 2015(102% of projected GDP btw) leads to… It’s time to remember the “debt star”! Of course it’s all Bush’s fault. Especially in the 24 square miles surrounded by reality and … Continue reading

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