What Thomas Jefferson's favorite economist would say. The last time the debt-ceiling controversy arose, it occurred to
me that if the raising the "ceiling" is a mere formality—if in fact
the sky's the limit to government borrowing—it's no ceiling at all.
Hence, I dubbed this charade the "debt sky." Those who favor automatic increases in the "limit"—or no limit ... MORE
Showing posts with label borrowing. Show all posts
Showing posts with label borrowing. Show all posts
Sheldon Richman: Against Government Debt
What Thomas Jefferson's favorite economist would say. The last time the debt-ceiling controversy arose, it occurred to
me that if the raising the "ceiling" is a mere formality—if in fact
the sky's the limit to government borrowing—it's no ceiling at all.
Hence, I dubbed this charade the "debt sky." Those who favor automatic increases in the "limit"—or no limit ... MORERon Paul: "We Have Passed The Point Of No Return"
Skip to 5:45 of the video. In a little under three minutes, Ron Paul explains to a somewhat nonplussed CNBC anchor just how ridiculous the charade that is occurring in D.C. actually is. This succinct spin-free clip should be required viewing for each and every asset-manager, talking-head, propagandist, and mom-and-pop who are viewing the last-minute ... MORE
Betsy McCaughey: Obama Dives Over Constitutional Cliff
The president's unprecedented power grab. President Obama went over the constitutional cliff this week, demanding more power than the U.S. Constitution allows any president to have. All Americans — regardless of party affiliation — should shudder at the president's attempted power grab and say no. Compromising on taxes and ... MOREAndrew Napolitano: What If November Changes Nothing?
What if the system is fixed? What if the principal parties’ candidates for president really agree more than they disagree? What if they both support the authority of the federal government to spy on Americans without search warrants? What if they both support confining foreigners, uncharged and untried, in Guantanamo Bay? ... MOREGary Owen: Housing Crisis Redux
New wave of subprime loans demanded by government. The 2008 melt down of the economy was a lesson. The government learned well and is doing it better this time. A new wave of subprime mortgages is here, more powerful than the tsunami that washed away the worlds economy with the Community Reinvestment Act. William Tucker informs us ... MOREAmy Payne: Taxpayers' Auto Bailout Losses Mounting
UAW the winners, taxpayers the predictable losers. Taxpayers will lose even more on the auto bailout than previously thought, as the Treasury has just revised its estimate upward to $25 billion. This may still underestimate the losses to come—yet President Obama plans to tout the auto bailout as a key accomplishment of his Administration. ... MOREWalter E Williams: How Times Have Changed
A devolving society. Having been born in 1936 has allowed me to witness both societal progress and retrogression. High on the list of things made better in our society are the great gains in civil liberties and economic opportunities, especially for racial minorities and women. People who are now deemed poor have a level of material wealth that would ... MOREPeter Schiff: The Real Fiscal Cliff
Foolish borrowing driving us over the cliff. The media is now fixated on an apparently new feature dominating the economic landscape: a “fiscal cliff” from which the United States will fall in January 2013. They see the danger arising from the simultaneous implementation of the $2 trillion in automatic spending cuts (spread over 10 years) agreed ... MORE
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