Posts Tagged ‘ spending ’

Are We Broke? It Couldn’t Happen Here. Could It? (Part 4 of a Series)

April 7, 2010
By John
Are We Broke?  It Couldn’t Happen Here.  Could It?  (Part 4 of a Series)

(This is another in a series of postings about the size of US liabilities, their implications for our economy and personal wealth, and a path out of the mess we are in.) In prior postings of the “Are We Broke?” series, we discussed the impact the recession has had on household wealth, the rapid growth...
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Posted in Economics, Uncategorized | 3 Comments »

Are We Broke?: DC Alchemists Change US Debt from Gold into Tin (Part 2 of a Series)

March 23, 2010
By John
Are We Broke?:  DC Alchemists Change US Debt from Gold into Tin (Part 2 of a Series)

(This is another in a series of postings about the extent of US liabilities, their implications for our economy and personal wealth, and a path out of the mess we are in.) Before we continue with Rough Truths’ detailed analysis of our nation’s financial situation, some facts emerged yesterday that show how the capital markets...
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Posted in Economics, Uncategorized | 2 Comments »

Are We Broke? Part I of Series

March 15, 2010
By John
Are We Broke?  Part I of Series

Over the next couple of weeks, Rough Truths will publish a series of columns that address the question “Are We Broke?” There is much talk in political, economic and banking circles about whether we are on a path to insolvency, what the debt means for the tax rates we will pay, what the implications are...
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Posted in Economics, Uncategorized | 2 Comments »

Thanks for the Party – May I Have a Doggie Bag?

March 13, 2010
By John
Thanks for the Party – May I Have a Doggie Bag?

The Federal Government set a new record for monthly budget deficits last month.  According to the US Treasury Department on Thursday, the Feds ran up a $221-billion deficit during February, 2010.  That’s just over $700 for every man, woman and child in the United States.  In one month.  Just 28 days.   Yes, that’s $700...
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Posted in Economics, Politics, Uncategorized | 2 Comments »

The Last Honest Man in the Senate?

March 3, 2010
By John
The Last Honest Man in the Senate?

Senator Jim Bunning (R-KY), the retiring conservative Senator, was vilified by the Senate Majority Leader and the press for committing a cardinal sin in Washington, DC this week.  He demanded we actually find a way to pay for a new spending bill, and that the Senate follow its own PAYGO law (passed with much...
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Posted in Economics, Politics | No Comments »

Time to Finally Finish Off The Banks? New Treasury Idea Gives Hope to Haitian-Style Takeover Of America

February 28, 2010
By John
Time to Finally Finish Off The Banks? New Treasury Idea Gives Hope to Haitian-Style Takeover Of America

Administration Proposes Ban on Foreclosures In what could prove to be most destructive proposal yet floated by our friends in Washington – and it’s tough to reach that level of fecklessness in a parade that includes floats submitted by ObamaCare; Cap & Trade; Stimulus I, II and III; Sotomayor; Bond holder rip-offs at GM...
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Posted in Banking, Economics, Politics, Uncategorized | 1 Comment »

Desperate Times in DC: Health Summit Craters and Madness to Follow

February 25, 2010
By John

So it would seem the only way to pass a health reform bill that the public deeply reviles is to misuse Senate rules requiring 60 votes to pass policy legislation, and to cajole, threaten or bribe enough endangered House members to vote once again for this effective nationalization of the health industry.  Well folks,...
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Posted in Health Care, Politics | 1 Comment »

Health Care Forecast: Politicians Marching Ever Deeper into the Swamp

February 24, 2010
By John
Health Care Forecast:  Politicians Marching Ever Deeper into the Swamp

Tomorrow’s Grand Health Care Summit is burning up a lot of BTU’s on television, radio, and the blogosphere despite the likely emergence of a national state of ennui over the whole thing.  So we’ll keep this one short and quasi-educational by taking a stab at a couple of key questions about Health Care, and...
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Posted in Economics, Health Care, Politics | 1 Comment »

Key to Curing the Political Class: Take the Fun Out of Governing

February 17, 2010
By John
Key to Curing the Political Class: Take the Fun Out of Governing

Pollster Scott Rasmussen Discovers Cure for Rampant Mental Illness in Washington Ok, so I’m kidding.  But we did learn something interesting this week about the politician’s mindset.  Rasmussen has confirmed what could be the critical fault line in American political culture today.  And, by implication, his findings may help explain why it seems like nobody...
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Posted in Politics | 4 Comments »

Time Passes Bayh: Moderates Shuffling to the Door

February 15, 2010
By John
Time Passes Bayh: Moderates Shuffling to the Door

Senator Bayh Calls It Quits According to a report in the Wall Street Journal today, Senator Evan Bayh (D-IN) is not running for re-election this year.  In explanatory comments made just a few moments ago, he claims it is because of the ‘excessive partisan gridlock’ that plagues Congress.   If that excuse rings hollow to you,...
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Posted in Economics, Politics | 1 Comment »

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