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Tag Archives: National Debt
First, Let’s Lower the Bar
The simple reality is that if We the People of the US want Medicare, in even a reformed and more efficient manner, we must find a way to pay for it. It will not be cheap. Raising income taxes on the “rich” is not enough. You have to go back and raise income taxes on the middle class, too. Oh, wait, that will be a drag on the economy and consumer spending. And in any event it will not be enough. Continue reading
DEPRESSION WITHIN A DEPRESSION
Today’s Keynesian economists have convinced boobus Americanus that the Great Depression was caused by the Federal Reserve being too tight with monetary policy and the Hoover administration not providing enough fiscal stimulus. Ben Bernanke and Barack Obama used this line of reasoning to ram through an $850 billion pork-laden stimulus package, as well as the purchase of $1.2 trillion of toxic mortgages by the Federal Reserve.
The only trouble is that this storyline is a complete sham. Continue reading
The Last Half
The desire of every country is to somehow grow its way out of the current mess. And indeed that is the time-honored way for a country to heal itself. But let’s look at yet another equation to show why that might not be possible this time. It is yet another case of people wanting to believe six impossible things before breakfast.
Continue reading
Posted in Banking and Finance, Best Of The Storm, Fresh Perspectives, Home Economics
Tagged Budget Deficits, GDP, Greece, Inflation, National Debt
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Nothing Has Changed
Nothing of any importance has changed. The engine of Empire is lugging a bit as the load increases, but the Empire’s army of high-caste technocrats are hard at work, securing their perquisites and fat paychecks by keeping the sprawling global machine running. Continue reading
WELFARE & WARFARE
Two generations of Americans have been brought up to believe they are owed a pension, owed tax subsidized housing, owed free healthcare and owed the right to happiness provided by Big Brother. The conviction that government can coddle and provide for all the underachievers, disadvantaged and un-ambitious in society has taken root like a weed. This belief is a fallacy. Continue reading
Posted in Best Of The Storm, Fresh Perspectives, Home Economics, Social Mood Swings
Tagged Afganistan, Budget Deficits, Consumer Spending, demographics, Depression, GDP, Iraq, Japan, National Debt, Ponzi Scheme, Population Growth Rate, Recession, Social Security, Taxes, The American Dream, The Fed, Unemployment, Welfare
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