Tag: Debt
-
It’s time for a jubilee
Seems like our world is going to hell in a corona basket. I remember at the end of 2019 all my friends were saying they were never so glad to see a year end. 2019 was a miserable year. Now, most of us would prefer to be back to 2019. A recession that looks like…
-
Free and clear
Protestors on Wall Street and elsewhere are occupying spots in major cities, trying to make the top one percent acknowledge the ninety nine percent. Many are without jobs. Those with jobs may have taken pay cuts, or were forced to go part time, or were required to contribute more toward health care or retirement. Many…
-
America begins its death throes
My federal salary has been frozen for two years by law because previous administrations and congresses failed in their duty as national stewards. I am not happy about it, but a frozen salary beats unemployment. Republicans are anxious to do a whole lot more than just freeze federal salaries. They want to cut government, not…
-
My plan to reduce our deficits
Over at Daily Kos, many are calling President Obama’s bipartisan commission to recommend was to achieve fiscal stability, “The Cat Food Commission”. If enacted, a proposal released yesterday by the commission’s co-chairs Erskine Bowles and Alan Simpson would certainly require a lot of austerity and painful choices. This is why it doomed to go nowhere.…
-
Looking out for Number 1
I hope I am wrong, but I am predicting a mean decade ahead, particularly here in the United States. Americans may be voting their bum out of office on November 2nd, hoping for real change or genuine bipartisanship, but at least through 2012 they will not get it. Political paralysis over the next couple of…
-
Haiti is our harbinger
Perhaps it is just winter, always a dark time of year. Or perhaps I have spent too much time reading Joe Bageant who lives life without the rose colored glasses on so well he makes my head groan. Republicans winning a special election for Ted Kennedy’s seat didn’t help either. I am finding it hard…
-
Are the United States a bad investment?
Back in February I wrote that the United States would be in a heck of a fix if foreign creditors decided to stop loaning us money. Now there is convincing evidence that foreigners are starting to see United States government bonds as chancy investments and U.S. stocks as poor investments. Today’s Washington Post has an…
-
Your Hidden Taxes
Are we all happy with the lower withholding rates and federal tax cuts? This means more money in our paychecks. And that certainly seems good. Otherwise we’d just be giving more money to the government. And for most of us giving Uncle Sam more of our hard earned tax dollars is not something we’d choose…
-
The chickens have come home to roost
I must confess I am enjoying Bush’s decline. Finally the American people are waking up from their lethargy. Now that we are awake we are realizing that this Bush presidency has been a disaster on pretty much every level. The press is starting to analyze critically what this president is saying. Finally even Bush’s conservative…
Occam's Razor 