Tag Archive for Debt Ceiling

Can You Guess Who Said It?

Ouch. #Awkward. Via the WSJ. See the numbers he mentions below, and as of this writing it looks as if the debt ceiling is currently $16.4 trillion. Notable – WSJ.com: Then-Sen. Barack Obama, in a speech on the Senate floor,…

Meet The New Boss, Same As The Old Boss

Nothing to see here, move along. Critics Decry Looser Rules For Inauguration Fundraising : It’s All Politics : NPR: A week from Monday, President Obama is to take his public oath of office for a second term. The inauguration will…

Schiff on The Debt Ceiling

I couldn’t possibly agree more. The entire thing is a farce. Doing Away With Ceiling Drama by Peter Schiff: Treasury Secretary Timothy Geithner made news last week by proposing to transfer the Congressional prerogative to raise the debt ceiling to…

S&P Is A Bit Like A Thermometer

Blaming S&P for the U.S. credit rating is like blaming the thermometer for the temperature. (roughly paraphrasing Dr. Walter Williams)  If anything, S&P should be criticized for the overly-rosy view of U.S. credit over the last decade+, not for finally…

Debt Ceiling Quote, From 2006

Ouch. How things change. “The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. government can’t pay its own bills. It is a sign…

Debt Limits and Drug Addicts …

Think of the country, or at least the federal govt., as a serious alcoholic or drug addict. Many of us who believe that a smaller federal govt. is the right way to go (morally, economically, & Constitutionally), want to see…