Showing posts with label debt ceiling. Show all posts
Showing posts with label debt ceiling. Show all posts

Nov 11, 2018

Debt ceiling will be set to record high of $22 trillion

fromWashingtonExaminer: The federal government is set to reinstate its borrowing limit to a record $22 trillion but it won’t provide enough money to fund the government past summer.
Economic Policy: Statism Versus The Free Market

Privacy vs. security: Why the widespread use of encryption is essential to national security

fromCNSNews: Government may not like it but privacy and security go hand in hand. The widespread use of strong encryption both guarantees individuals’ right to privacy while hardening society against waves of data breaches.
Government is Watching Every Move You Make

FLORIDA: Rick Scott files suit accusing Dem officials of 'trying to steal the election' after his narrow Senate victory, while a mystery ballot box is found two DAYS after the vote... then Trump wades in

fromTheDailyMail: Florida Governor and Senator elect Rick Scott announced he was suing Broward County and Palm Beach County elections officials alleging 'rampant fraud'.
Politics and Other Official Acts of Corruption

8 ways in which Jeff Sessions sucked

fromReason: The former attorney general's worst hits -- and they were bad.
Police State America

A badge of shame: the government’s war on America’s military veterans

fromRutherfordInstitute: In recent years, military veterans have been increasingly targeted for surveillance, censorship, involuntary commitment, labeled as extremists and stripped of their 2nd Amendment rights.
Defense Versus The War Machine      The Government is Not Us

It's time for Congress to acknowledge the collapse of pot prohibition

fromReason: Two-thirds of the states have now legalized marijuana for medical or recreational use.
The War on Unapproved Voluntary Exchange

Obama Lied, And The Debt Ceiling Died

an Investor's Business Daily editorial. Transparency: What do you call it when an administration blatantly lies to the public to get its way in a debt ceiling fight, then covers it up for two years? For the Obama White House, it’s called “par for the course.” “There is no way to make our federal payment system work well to pick and choose what     ... MORE

National Debt Spikes $578 Billion In Three Weeks

By Pete Kasperowicz. Spending frenzy after debt ceiling suspension. The national debt has surged more than half a trillion dollars in the last three weeks, as the suspension of the debt ceiling in late October has allowed the government to borrow as much as it wants. Before the debt ceiling was suspended, the national debt stood at $18.15     ... MORE

Thomas Sowell: Random Thoughts On The Passing Scene

Current observations of a genius.  Some financial institutions may be considered "too big to fail," but contemporary Western society may be too frivolous to survive.  The Romans had bread and circuses to keep the masses passive and unthinking.  We have electronic gadgets, drugs and pornography.  Like the Roman Empire, we too may decline and   ... MORE

After Budget Deal, A Sense Of Futility Grows In Congress

by Nick Timiraos.   Cowards kicking the can. Congress ended an 11th-hour showdown when the Senate passed a bill Friday that raises the debt ceiling for the last time during Barack Obama’s presidency. Many policy makers wish it could be the last such standoff in a long-running drama over the nation’s borrowing limit. The brinkmanship has grown so    ... MORE

Boehner Hands Ryan A Defeat On The Way Out The Door

by David Harsanyi.    Grass-roots conservatives have many unrealistic expectations and political objectives. And then sometimes they have a good point. The new budget deal arranged by John Boehner and Democrats— approving $50 billion of additional spending in 2016 and $30 billion in 2017—will be split between domestic discretionary    ... MORE

Senator Mike Lee: Let's Be Honest About The Debt Limit

Here we go again.    The federal government has predictably maxed out its credit card for the fifth time in the last four years. The Treasury Department now insists there will be “catastrophic economic consequences” unless the debt limit is raised by Nov. 3. If that wasn’t depressing enough, consider that Congress has less than two     ... MORE

VIDEO: Rand Paul - Domestic Policies

Stephen Moore: Winning the Debt-Limit Fight

Putting the brakes on exploding debt.   During his eight years in office, Barack Obama is on pace to have increased the national debt by a horrific $8 trillion — and, ironically, the folks on Wall Street and the mavens of the media still portray congressional Republicans as the fiscal bad boys for trying to slow down the blizzard of borrowing.    ... MORE

Jeanne Sahadi: The New Debt Ceiling: $18113000000000

The suspense -- or rather, the suspension -- is over.  The U.S. debt ceiling has been reset at $18.113 trillion, the Treasury Department said Tuesday. That new limit on public debt is about $1 trillion above where it stood in February 2014, when lawmakers decided to "suspend" the ceiling through this past weekend. That cool trillion reflects how ... MORE

Why Republicans Are Surrendering On The Debt Ceiling

by Molly Ball.    The last stage of grieving is acceptance. The first wave of Tea Party lawmakers strode into Congress in 2011 on a wave of denial and anger. They were angry at President Obama and business as usual in Washington. But they were also in denial about their power—or rather powerlessness—to change it. Three years later, the right-wingers ... MORE

House Punts on Debt Ceiling, Cedes Power Of The Purse

by Robert Romano. A feckless gaggle of representatives. Last August, before a partial government shutdown occurred in the ill-fated attempt to defund Obamacare, House Republican leaders were reportedly urging their conference to just wait for the debt ceiling, that that would be the time to achieve some concessions. On August 13, National      ... MORE

Jeffrey Dorfman: The Government That Cried Wolf

Debt ceiling deja vu.         On February 7 the United States will once again reach its statutory debt limit, meaning it cannot legally borrow any more money. Since the obvious option of cutting spending to match the amount of revenue that the government collects is off the table for some inexplicable reason, Congress will have to pass a new, higher    ... MORE

Terence P. Jeffrey: Uncle Sam's New Year's Binge

Gov't borrows $1,088 per household in just 1 day.      Uncle Sam—AKA the federal government—went on a New Year’s Eve binge, adding a net of $125,202,709,546.99 to its total debt in just the one day of Dec. 31, 2013, according to the U.S. Treasury. That equals approximately $1,088.60 for each of the 115,013,000 households the Census     ... MORE

Bob Barr: 2013, The Year Of The Lie

Deception as a primary political weapon.         According to the Chinese calendar, 2013 was the Year of the Snake. For Americans, however, the year just drawing to a close will be known as the Year of the Lie. Not since the Nixon Administration -- which ended with Richard Nixon resigning in order to avoid being impeached -- has the credibility ... MORE

Andrew Taylor: Drunken Sailors Seek A Blank Check

Senate Dems back automatic debt limit hikes.      Democrats controlling the Senate proposed Tuesday to avoid future showdowns over the so-called debt ceiling by giving the president authority to authorize additional federal borrowing unless Congress can muster veto-proof margins to block him. The move by Sens. Charles Schumer,   ... MORE

Peter Schiff: A Green Light For Gold?

It is rare that investors are given a road map.         It is rarer still that the vast majority of those who get it are unable to understand the clear signs and directions it contains. When this happens the few who can actually read the map find themselves in an enviable position. Such is currently the case with gold and gold-related investments.      ... MORE