Kids Take Lessons From National Debt Binge

‘Don’t do as I do, do as I say,’ could be the governmental finger wag lecturing kids on fiscal fitness. How can we expect kids to learn about credit/debit and healthy financial management skills with restrained realism when we’re handing over the national credit card with a ‘put it on the tab’ mall [more...]

Date: 2008-09-26 02:46:43

Blog posts (323) | Videos (132)
 

SP earnings of 42.00 is being generous

regarding earnings, will gain more traction this month…I personally think SP earnings of 42.00 is being generous…AA miss will add fuel to the fire ... . 4. we just doubled our national debt from 9T to just about 18T in 6 months. 5. debt to GDP ratio is now 400… ... sees 920-950 I am going fully short…the COT data, P/C ratio, CNBC, McClellen Summ Index, [more...]

Date: 2009-01-13 16:10:38

Senate Steineger Addresses Address to AFP Summit

We received this email from State Senator Chris Steineger earlier today, and we wanted to share it with you uncut and unedited ... , huge credit card debt for throw away consumer goods, and driving gas guzzler vehicles exemplify ... . Our government and its people have been living well beyond our means. The increased National debt, the federal [more...]

Date: 2009-01-14 20:07:00

“What an unfortunate mess..”

Maman Poulet has a collection of links reacting to the Republic of Ireland’s government tax-payer guarantee to the banks, ... to Germany’s national debt. Also, to add an almost comic element to Germany’s evasive action, almost ... banks. Meanwhile Germany has joined in, apparently in response to a consortium of banks withdrawing [more...]

Date: 2008-10-05 19:36:16

Why Does Paulson Want Us to Keep Piling up Debt?

Bailout Nation turns to consumers today, as Treasury Secretary Henry Paulson prepares to announce a new program to encourage lending for auto loans, ... to complain when consumers finally get their turn. I know we need to get credit moving to help the economy ... the last decade piling up debt, taking out equity from their homes to spend [more...]

Date: 2008-11-25 14:40:19

More Bad News For Retail REITs

Seeking Alpha's Housing Tracker is a collection of housing-related excerpts from various sources, grouped by topic ... Malls around the nation are struggling with debt and vacancies against the backdrop of a significant slowdown in consumer spending. Reports from South Florida, Georgia and Arkansas below show things [more...]

Date: 2008-10-20 10:50:29

Taxpayers’ Alliance Launches “Brown Miscalculator”

On the eve of the Labour Party Conference, and with the City in turmoil, an explosive report from the TaxPayers’ Alliance (TPA) ... , energy policy, public service quality, value for money, real disposable income, national debt ... Calculator, an online Flash game which allows you to do some maths - the Gordon Brown way! Try out any sum [more...]

Date: 2008-09-20 08:00:08

WHAT THE HELL?

WHAT THE HELL?  By R.J. Godlewski ©August 13, 2008, ... that the collection bureau will end up passing the ‘debt’ onto one of their brethren and each will affix ... the national debt. Then it dawned upon me; a child rapist gets four months and I’ll get seven years [more...]

Date: 2008-08-13 20:56:29

Spending our way out of debt.......from Rico

Don't try this at home! Spending your way out of debt, by creating more debt just doesn't work for individuals, or nations. The OECD chart illustrates that public spending on the back of unsustainable tax revenues leads to structural deficits which will NOT vanish after the crisis is over. Policy measures across many nations will prolong the recession/depression, and lead to lower tax revenues and higher unemployment. [more...]

Date: 2009-09-29 07:14:00

Britain’s Debt

by Abbi Rouse Reform claims that Britain’s economy has become bloated over the past few years due to Brits bingeing on debt and failing to work off ... the countrys coffers to become corpulent with debt, as the public structural budget deficit has become ... by the average taxpaying family, in an attempt to rebalance the national debt, that’s equivalent [more...]

Date: 2008-12-25 18:41:33

Tuesday January 13th Day 2

Science 8 Block FToday you spent the day working on your full size model of the human body. Next day we'll watch Supersize Me ... to review.The case study is due next week.Some additional information:Check out this world clock. It counts the world totals or population, national debt, extinctions, rates of infectious disease etc. World [more...]

Date: 2009-01-13 23:14:00

I.O.U.S.A.

Last week I finally caught Patrick Creadon's documentary I.O.U.S.A., in which former comptroller general David Walker and former Commerce Secretary Pete Peterson explain why the national debt is 1) so huge, 2) even more enormous than most people realize [more...]

Date: 2009-01-15 14:42:00

Bush sorry legacy will include a presidential library

You can turn on any news program or 24-hour cable channel, and it's a pretty good bet you will see soon-to-be-former President G ... no one has been able to find.7. The National Debt Room, which is huge and has no ceiling.8. The Tax Cut ... Gonzales Room, where you won't be able to remember anything.3. The Texas Air National Guard Room, where [more...]

Date: 2009-01-15 21:25:00

Repudiate the National Debt

by Murray N. Rothbard In the spring of 1981, conservative Republicans in the House of Representatives cried. They cried because, in the first flush of the Reagan Revolution that was supposed to bring drastic cuts in taxes and government spending, as well as a balanced budget, [more...]

Date: 2008-10-23 15:54:41

Quango Irish Bank.

So, starting close to home, finally, it’s Anglo Irish Zero ... under its hood – you can’t pretend the bill isn’t yours – and, overnight, the Irish national debt ... encumber the State with a truly huge amount of total junk – the problem is that they're probably going [more...]

Date: 2009-01-16 02:21:50

$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

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

Nancy Pelosi: Pass Stimulus By Mid-February

House Speaker Nancy Pelosi pressed top House Democrats on Wednesday to pass massive economic recovery legislation by mid-February, ... payoff in terms of job creation and increased revenues to our treasury," Pelosi told the House ... national debt that we have," said Rep. Dennis Moore of Kansas, a member of the congressional Blue Dogs [more...]

Date: 2009-01-07 15:25:42

$10T

Ever wanted to know just how big a number $10 trillion is? You know, $10,000,000,000,000? Well, it’s pretty f*cking big, people. In fact, it’s big enough that the national debt clock in Times Square can’t even accommodate it anymore, as it ran out of zeros back in September. Now the famous clock, created by Manhattan real [more...]

Date: 2009-01-06 18:05:42

Daily SG: 16 Jan 2009

MP Burnt - Hard Hitting in the Lion City: When Idiots rule the Blogs of Singapore Have you ever wondered why we must serve - the boy who knew too much: A debt of national gratitude - Everyday’s Life in a Snapshot: MINDEF: not responsible till proven responsible, or responsible till not proven so? - nofearSingapore: Will my country [more...]

Date: 2009-01-16 03:58:12

Republicans: Asses, Baboons, Yokels, Racketeers?

"It's just that modern Republicans are, well ... they're so darned, well ... they're just such asses ... of the National Debt under the Bush Administration, he quickly retorted, "But the Democrats were ... and I recall clearly wearing my "I Like Ike" pin to school on election day, 1952.Except for Maine [more...]

Date: 2009-01-07 13:57:00

A Modest Proposal

Real Money - an opinion piece by Rabbi Emanuel Feldman: ... about the national debt: “A few billion here, a few billion there and before you know it, you’re talking real money ... 1% of its funds to help other similar institutions? (A billion dollars, remember, is $1m. multiplied by 1,000 [more...]

Date: 2009-01-15 05:18:20

$1.2 Trillion Deficit & You - #TCOT #diggcon #statebooks #pork

Bill Smith, ARRA Editor: As President-elect Obama and congressional Democrats propose various ideas for a potential $1 trillion stimulus bill, ... massive national debt. The Post writes, “At $775 billion over two years, the package under discussion would represent a massive and risky expansion of the federal debt even if the government were [more...]

Date: 2009-01-07 17:58:00

20 Comments on the Current Economic Scene

1) There are firsts for everything. Americans paid down debt for the first time, according to a Federal Reserve Study that started in 1952. America has always been a pro-debt and pro-debtor nation. It goes all the way back ... year period. But, the Pilgrims did extinguish the debt. Us, well, I’m amazed at the decrease [more...]

Date: 2008-12-18 21:00:40

Repudiate the National Debt

In the spring of 1981, conservative Republicans in the House of Representatives cried. They cried because, in the first flush of the Reagan Revolution that was supposed to bring drastic cuts in taxes and government spending, as well as a balanced budget, [more...]

Date: 2008-11-03 06:26:19

How To Escape The Stress of Mortgage Arrears

If you have missed any payments on your loans you need to check if they are secured or unsecured on your home ... has payment protection insurance. If it has but you are still refused this contact the national debt helpline. Check to see if your lender will buy your home [more...]

Date: 2008-10-29 23:49:11

Government Binge Spending

As Washington’s attention has been focused on trillions of dollars in fixes for the current economic meltdown, ... the U.S. Treasury. By 2050, Medicare, Social Security and other costly programs will expand the national debt [more...]

Date: 2008-12-17 21:18:57

Homoeopathic medicine

I'm certain that ages ago I wrote a post called "economic homeopathy" ... the wrong colours or shooting someone as a debt repayment is far too common, where the establishment blames ... where I asked whether increasing the nation's debt was really the answer to the problems caused [more...]

Date: 2009-01-12 13:50:00

Euro Weak As We Wait For ECB - World First’s Morning Update - 15th January 2009

Today is yet again another key day in the life of the GBP/EUR cross with the first ECB meeting of the year ... with a number of factors holding euro back. Primarily the downgrade of the Greek national debt ... and Spain) will be downgraded remains to be seen. 6 months ago we thought that the UK financial sector [more...]

Date: 2009-01-15 08:13:17

Yo Monroe !

Because there is more news in the world than the US Election 2008. There is a potential important news story coming out of the Caribbean ... European debt collection. Could the CARICOM nations credibly ask the USA to do something albeit less ... as the USA. A cautionary note. The EPA is entitled as being “between CARIFORUM states and the European [more...]

Date: 2008-10-27 21:28:37

The Bailout Will Lose Money, and I'm Ready to Bet On It

I'm locked and loaded to bet on the bailout. My muse is none another than H.R. 1424, section 134: SEC. 134. RECOUPMENT ... , the Director of the Office of Management and Budget, in consultation with the Director ... in order to ensure that the Troubled Asset Relief Program does not add to the deficit or national debt [more...]

Date: 2008-10-07 17:51:32

Real Money

The late senator Everett Dirksen of Illinois once famously said to Lyndon Johnson about the national debt: “A few billion here, ... funds, would it not be a fine idea for it to allocate a mere 1% of its funds to help other similar [more...]

Date: 2009-01-14 19:29:31

The definition of insanity

First off, apologies for going AWOL; I’ve been without heat for six days — I was sincerely grateful for some this morning when the thermometer read ... , and then issued an … ummm … apology. Oopsie. Doesn’t care that the national debt has increased [more...]

Date: 2009-01-15 22:34:43

"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

A New Buzzword: Deleveraging

It wasn’t that long ago that people were touting the extraordinary power of leverage. Use as little as possible to control as much as possible ... leverage to an extreme degree. The burden of this skyrocketing national debt will inevitably lead [more...]

Date: 2008-11-03 11:00:04

"Adding a Trillion Dollars in Debt is Quite Manageable"

This is from an interview of Kenneth Rogoff: ...The Long-Term Consequences of Debt Region: Well, let's talk about the U.S. debt and its long-term consequences, in the context of the current economic crisis. The Stabilization Act authorizes $700 billion, some of which will contribute to the growth of national debt [more...]

Date: 2009-01-06 06:21:49

Pence Challenges Americans To ‘Check’ His Facts: Guess What? He’s Got Them Wrong

Appearing on CSPAN’s Washington Journal this morning, Rep. Mike Pence (R-IN), the third ranking Republican in the House, repeatedly claimed that the solution to the economic ... that the caller was right that Reagan “saw deficits and the national debt grow,” but claimed [more...]

Date: 2009-01-06 22:36:54

Despite the resemblance to the guy in the Orbitz commercial...

One of the Hobbit tricks that enrages Crusader AXE is their almost orgasmic delight in applying simple solutions to complex problems ... for futility..."By doing this, we will eliminate the national debt, put a pot next to every chicken [more...]

Date: 2009-01-13 17:06:21

Yesterday we discussed our purposely caused Financial woes and the 2nd great Depression today Obama warns of long recession and too late to stop!

First I want to say the Right is banking on it so they can get back in and finish off us and their mis agenda! ... $10 trillion! I did a story a while back about the National Debt clock that was started because of President Reagan and his "success" Bush has had so much Reagan style success the debt clock [more...]

Date: 2009-01-09 13:00:00

Invitation to Pre-Inauguration Opening of The George W. Bush Presidential Library...

The following email invitation arrived today, from reader "Karen".. ... you out. The National Debt Room, which is huge and has no ceiling. The Tax Cut Room, (Admission ... board, dice, coins, and straws. The Weapons of Mass Destruction Room, (No one has yet been able [more...]

Date: 2009-01-10 20:07:47

Govt to cover Garuda's debts

The protracted row about the long overdue debt owed by the national flag carrier Garuda Indonesia to Bank Mandiri took a step towards resolution Friday when government announced it will cover the major part of it.As the sole shareholder of the airli ... [more...]

Date: 2009-09-26 05:23:49

Highlights of David Cameron's interview with Andrew Marr this morning

Update: The BBC website now has a full transcript of the interview here ... as it's added to the national debt". Regarding the Government's plan for a rise in National Insurance [more...]

Date: 2009-01-11 10:31:41

How Official Economic Numbers Have Deceived Us

Following up on my post earlier today about the difference between unemployment and underemployment, ... measurements help determine interest rates, federal interest payments on the national debt, and cost [more...]

Date: 2008-12-07 16:00:57

The IRS Will be Hiring

If Barack Obama is elected, the Internal Revenue Service had better double its workforce because the amount of cheating on tax returns will rival ... . I don't even know how deep in debt the nation is at this writing, but I am of the view [more...]

Date: 2008-10-16 18:24:43

Giggety giggety gigapennies

Giggety giggety gigapennies So how well do you grok big numbers? I’m an astronomer, so I do OK. More importantly, I am a huge geek ( ... , and the national debt in the trillions. How much cash is that? One million pennies. Turns [more...]

Date: 2009-01-12 21:30:53

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

UK Gov’t to Make Annual Deficit Cuts Legally Binding

Britain will make annual budget deficit reduction a legal commitment in order to bind future governments to getting the national debt down, finance minister Alistair Darling said on Monday. Latest in World Markets Klik her for at læse hele nyheden [more...]

Date: 2009-09-28 12:12:02

Weekly Economic Potpourri November 22, 2008

Every week there are a numerous headlines that are worthy of mentioning but I simply run out of time ... plunge the nation further into debt and cost millions more jobs.“We have now lost 1.2 million jobs [more...]

Date: 2008-11-22 22:23:00

Debt Rattle, September 10 2008: Unintended Consequences

National Photo Co. Peace and Progress September 29, 1924. "Mrs. LaFollette at Mountain Lake Park, Maryland." Ilargi: Looking at the fall-out from the Fannie and Freddie bottomless pit bail-out, I can’t help combining in my head the financial news with reports on the Hadron particle accelerator. Protesters claim it could create black holes [more...]

Date: 2008-09-10 19:11:37

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