Archive for the ‘Economics’ Category
Rand Paul: Why I Oppose the Debt Ceiling Compromise
August 1, 2011 America, Blog, Current Events, Economics, PoliticsThe following statement was issued today by Senator Rand Paul on the debt deal, which is being pushed to be voted on later today. To paraphrase Jim DeMint: When you’re speeding toward the edge of a cliff, you don’t set …
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The U.S. Debt Visualized
July 29, 2011 America, Blog, Economics, PoliticsI ran across a very interesting visualization of the U.S. debt on this site. As one of the commenters put it, if you still trust the U.S. government with your money after looking at that picture, then I’d like …
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Pat Buchanan on the Default
July 11, 2011 America, Blog, Current Events, Economics, Party Politics, PoliticsAugust 2 is the date when the U.S. government will begin defaulting on its debts if the debt ceiling is not raised.1 Almost two months ago, I advocated for not raising the debt ceiling any further, and I maintain …
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Downgraded
June 10, 2011 America, Blog, Current Events, Economics, PoliticsIn a long expected move, the U.S. government’s credit rating has been downgraded from AAA to AA for the first time by a Western entity. The German credit rating agency Feri announced today that it has downgraded the U.S. …
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Economic Recovery?
June 5, 2011 America, Blog, Current Events, EconomicsIn mid-April, McDonald’s announced that it was going to be dramatically increasing its workforce and put out a call for applicants. “More than 1 million people applied for jobs at McDonald’s when it put out the call for applications last …
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Hitting the Debt Ceiling
May 16, 2011 America, Current Events, Economics, PoliticsToday (May 16, 2011) the United States has hit the public debt ceiling once again. The debt ceiling is the statutory limit on federal debt set by the U.S. Congress, capping how much public debt the U.S. Treasury (usually …
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2016 Projected End of “Age of America”
April 25, 2011 America, Blog, EconomicsAnd nobody noticed. It really is amazing that a prediction of this magnitude can be made – that the most powerful nation in the world since 1945 is about to lose its crown – and barely anyone in that nation …
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John Boehner Loves Big Government and Obama Lies
April 17, 2011 America, Blog, Economics, PoliticsThis is a quick follow-up to the two earlier posts (found here and here) concerning the recent budget debate. First, it has come to light that the measly $38.5 billion cut which the Republicans have been touting as a great …
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Icelandic Loan Guarantees Referendum Vote Results
April 11, 2011 Blog, Current Events, Economics, Europe, PoliticsGood news out of Iceland today. Yesterday, 60% of the Icelandic citizenry voted “no” on a measure that would have forced Iceland taxpayers to pay billions of Euros to the United Kingdom and the Netherlands governments.1 This is the second …
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Follow-up: The Republican Party Loves Big Government
April 9, 2011 America, Current Events, Economics, Ideology, Party Politics, PoliticsThis is a short follow-up to yesterday’s article; in case you haven’t heard, there was an eleventh-hour budget passed last night which prevented a government shutdown. This “compromise” budget is $38.5 billion less than what the Democrats were pushing for, …
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