Category Archives: decline of the west

The Real Dysfunction: A $17 Trillion National Debt

The Real Dysfunction: A $17 Trillion National Debt | Cato @ Liberty. We’ve become so used to these unfathomable levels of deficits and debt—and to the once-rare concept of trillions of dollars—that we forget how new all this debt is. … 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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The Diplomad is back! Both Hands Clapping

The DiploMad 2.0 Added 4/15@9:15a Wracked with angst over the fate of our beloved and horribly misgoverned Republic, the DiploMad returns to do battle on the world wide web, swearing death to political correctness, and pulling no punches.

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A history lessons on the failure of Capitalism

“Free markets don’t work, never have”.

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Federal Regulatory Hiring

IBD comments on the Federal Regulatory hiring binge. Great way to get the economy moving again. Another reason to not raise taxes.

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The government comes callin’

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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 First Adult — AWOL

NFK. Robert Samuelson calls at the President for his lack of leadership. The president keeps promoting an “adult conversation” about the budget, but that can’t happen if the First Adult doesn’t play his part. Obama is eager to be all … Continue reading

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“Laughter is the only appropriate response”

Quibbling over Federal Spending crumbs.

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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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Easy Money

… is not the solution states Bill Quick (and Ludwig von Mises). Keynesian policies failed during the Great Depression, and they are failing today. An economic catastrophe caused by loose monetary policies, crushing levels of debt, and appalling lending practices … Continue reading

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Fuel for the Tea Party Movement

U.S.’s $13 Trillion Debt Poised to Overtake GDP: Chart of Day Dan Fuss, who manages the Loomis Sayles Bond Fund, which beat 94 percent of competitors the past year, said last week that he sold all of his Treasury bonds … Continue reading

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Medicare Dr. reimbursement cuts suspended.

Oh what a surprise. Of course, it couldn’t have much to do with cold hard reality? The problem with the price-fixing scheme is that it’s narrowing the list of providers. Doctors can’t pay for their own costs now, and cutting … Continue reading

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… and we can afford Obamacare???

Social Security to Start Cashing Uncle Sam’s IOUs Buy Gold.

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Gold touches $1225 per oz

More on gold at kitco.com.

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China and Obamacare

Guess what? It turns out the Chinese are kind of curious about how President Barack Obama’s healthcare reform plans would impact America’s huge fiscal deficit. Government officials are using his Asian trip as an opportunity to ask the White House … Continue reading

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Long term fiscal outlook

Economist Craig Newmark take a look at a recently released GAO report that examines the long term fiscal outlook of the United States. It makes for depressing, although not surprising reading. These fiscal challenges are driven by health care cost … Continue reading

Posted in Boulder is stoopid, decline of the west, entitlement, gloom and doom, msm, ObamaCare, stoopid politicians | Leave a comment

Not just spending, it’s looting

Adjusted for inflation, we’re spending more this year then we spend during World War II. Just for the (very thick) icing on the cake, let’s bring on socialized health care. Obama better hurry though!

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How far we have fallen

Out of control spending concerns Europe…

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Government can do everything

As the citizenry relies more and more on the government, one must wonder if we can afford it. I say we cannot and this is why. For all you “it takes a village” folks, it’s time to add “it takes … Continue reading

Posted in bailout, decline of the west, idiocy, inflation | Leave a comment