Stars of Political Cartooning - James Gillray

Each day this month I will be profiling a notable political cartoonist ... , but they were clearly involved - she facilitated his craft and he, I dunno, kept her company, I suppose ... had a large national debt. Note the Prince of Wales getting a check to pay off his debts on the right [more...]

Date: 2008-10-14 06:21:36

Blog posts (21) | Videos (11)
 

The Debt Bomb and You

Lots of folks these days are concerned about the ever growing national debt and our ability (or lack thereof) to pay it. For those of you out there that are actually concerned (I guess that excludes any liberals that might frequent JBM) this article ought to scare the living shit out of you.Assume you had put much of your savings into U.S. government bonds and then you learned the following. [more...]

Date: 2009-09-29 01:47:50

Theodore Roosevelt was no conservative

“I opened the doors of the Democratic Party, and 20 million people walked out.”- George McGovern, 1972 ( ... services to the Nation?And then the DEBT is SHARED by the Nation to pay back?This was changed during [more...]

Date: 2009-01-09 14:44:00

"The High Priests of the Bubble Economy"

Dean Baker goes full bore after two deserving targets, Bob Rubin and Larry Summers, at TPM Cafe ... target dates for paying off the national debt. The moral of the myth is that all good things came ... until the dot-com bubble at the end of the decade funnelled vast sums of capital into crazy internet [more...]

Date: 2008-11-13 14:55:00

Contest and Sale: Dining on a Dime print book from Living on a Dime

Tawra Kellam and Jill Cooper of Living on a Dime are amongst the most renowned frugal-living experts on the internet today.  Their books, both in print and e-book have enabled mothers nation-wide to pay down their debts and save money on groceries, children’s items, gifts, home decorations, beauty products and many other household needs [more...]

Date: 2009-01-01 23:16:36

$2.3 billion in crown assets for sale. Will Flaherty spend the cash or pay down the debt?

The Canadian Press is reporting that Finance Minister Jim Flaherty hopes to keep the government out of deficit in part by selling $2 ... proposing a temporary removal of the right to strike in the public service, perhaps indicating ... the national debt, and use the interest savings for tax relief stimulus. Kevin Gaudet with the Canadian [more...]

Date: 2008-11-28 02:11:48

The Economic "Stimulus"

The Economic "Stimulus"by Thomas Sowell Two centuries ago, when there were plans to create a huge fund of money to pay off Britain's national debt, the great classical economist David Ricardo [more...]

Date: 2009-01-09 21:29:00

Taxpayer Advocate’s Recommendation: Go Easier on Taxpayers Experiencing Economic Hardship

Nina Olson, the National Taxpayer Advocate, has released her Annual Report to Congress (PDF) ... having difficulty paying their tax debts. 2. Simplify “Cancellation of Debt” Rules for Foreclosures Simplify the “cancellation of debt” minefield that many taxpayers who default on debts must navigate [more...]

Date: 2009-01-08 02:37:42

Ecuador Seeks Non-payment of Illegitimate Foreign Debt

Helga Serrano Narváez | November 24, 2008 Translated from: Ecuador buscará no pagar la deuda externa ilegítima, corrupta e ilegal Translated by: ... for Arbitration of Sovereign Debt in the United Nations and a reform of the international financial ... "will seek to not pay the illegitimate, corrupt, and illegal foreign debt," while at the same time [more...]

Date: 2008-11-25 02:05:00

Government debt — who will pay?

“The ‘incidence’ of taxation refers to who pays the ultimate burden of a tax. The optimal theoretical resolution is government budget surpluses that reduce the debt. But that is the least probable scenario. Total government spending in the USA has reached an astonishing sixty percent of national income. Most of the American economy’s output is now allocated by government rather than the desires of individuals. [more...]

Date: 2009-09-24 04:57:10

Capitalism Derailed--it's a Good Thing

(Author's note: this is a revised version of a previous post.  I received some great and critical feedback, which, hopefully, is reflected here.) ... , our collective credit card is beyond maxed out: the national debt is estimated around $10.6 trillion ... Whether you recently lost your home or your job, had a pay cut, had to run up your credit [more...]

Date: 2009-01-04 23:33:36

China: The Power Behind the $700 Billion Bailout

As Congress prepares to gift $15 billion to the three U.S. auto makers, there remains the mystery behind this year’s $8 ... . Yes, taxes will pay part of the bill. But the rest will be piled onto the national debt, which ... That Lend You Money,” which is Mr. Gao’s primary advice. One of Mr. Gao’s thoughts illuminates his take [more...]

Date: 2008-12-10 16:48:41

China: The Power Behind the $700 Billion Bailout

As Congress prepares to gift $15 billion to the three U.S. auto makers, there remains the mystery behind this year’s $8 ... . Yes, taxes will pay part of the bill. But the rest will be piled onto the national debt, which ... That Lend You Money,” which is Mr. Gao’s primary advice. One of Mr. Gao’s thoughts illuminates his take [more...]

Date: 2008-12-10 19:31:00

The Case Against Michael Steele

Among the candidates for Republican National Committee chairman, ... wasn’t on the ballot. The money probably went to pay off Steele’s 2006 campaign debt. It also ... banks threatened to place liens on his house. Although Steele cleared his debts, these financial [more...]

Date: 2009-01-04 23:18:11

The Journalism Crash

The journalism profession is in crisis, where every week brings another bleak announcement ... . Tribune Company, the third-largest newspaper chain in the nation and owner of 23 TV stations ... failing to serve the public interest. As these companies take on greater debt, they can’t pay back [more...]

Date: 2008-12-10 01:57:38

"Is The Deficit A Threat To A Future Recovery?"

Jamie Galbraith responds to the question posed by the National Journal, "Is the deficit a threat to future recovery?" James K ... problem is not that it is too big, but that it is too small. Far too small. In principle ... device to promote expansion, since tax savings will be used first to try to pay down debt... A major [more...]

Date: 2008-12-03 20:24:00

Don’t Forget - Today You Can Get Free Advice From Kiplinger and the NAPFA

Kiplinger is parterning with the National Association of Personal Financial Advisors for an event called Jump-Start Your Retirement Plan Days ... your questions. From saving for retirement, paying off debt, or even estate planning, they are there to help.  There are two ways to have your question answered. You can simply submit a question online [more...]

Date: 2009-01-13 15:48:59

Time to Stop Earmarks!

December 17, 2008 Filed under Economy, National Politics Tags: Economy, No More Taxes! ... from paycheck to paycheck wondering how I am going to pay my rent or student loan debt [more...]

Date: 2008-12-17 05:00:06

Can we pay for all these hamburgers?

Our position isn’t as dire as other nations might be. This was a helpful article: So what’s the moral of the story? ... , getting our debt burdens down will hinge on Obama’s and Congress’s willingness to confront the looming ... The Obama administration should not focus on debt reduction now, which could actually undermine [more...]

Date: 2009-01-15 21:10:54

After Conceit: Recovering from the Credit Crunch

Wealth is created through an economic sleight of hand ... , but of the future value that people have promised to create. When you pay for groceries with a credit card ... by what we already have. Debt creates real opportunities for equality. Without debt, the impoverished [more...]

Date: 2008-10-13 12:29:58

Borrowers Beware: Stricter Loan Requirements in 2009

Ah, credit. The nation’s widespread adoption of it has allowed several generations of Americans to spend beyond their means, ... pay more for it. You’ll also need to keep an eye on your overall debt ratio if you’re in the market ... debt ratio at or below 45 percent of their pre-tax income. If you plan to apply for an FHA loan [more...]

Date: 2009-01-13 13:27:55

21 Results