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,…
Tag Archive for Debt Ceiling
Meet The New Boss, Same As The Old Boss
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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…
McCardle Blasts The $1-Trillion Coin Option
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She nails it. And she gets into one of my personal pet-peeves, the idea that we need government to think long-term because corporations only think short-term. Washington Goes Platinum – Megan McArdle – The Daily Beast: “I hope you’ll pardon…
Schiff on The Debt Ceiling
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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
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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…
Are Tea-Partiers Hostage-Takers, Unpatriotic, or Terrorists?
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Let me start out by making it clear that I do not align myself with the so-called tea-partiers, nor do I agree with them on everything (e.g. I disagree w/ them on immigration and some important economic issues). But I…
Taking A Week Off, But You Got The Debt-Ceiling Rap …
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Taking a week off to spend some time with the family. I’ll see you back here in a week. In the meantime, I leave you with the lyrical gangsta, Remy. And his crazy hip-hip beats!
Debt Ceiling Quote, From 2006
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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…
Default & Debt Are Not The Only Two Choices
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Another fine bit of work from Dr. Emily Skarbek. We need to ask, Just How Bad Would A 25% Budget Cut Be? Over the last two weeks we’ve been told that if we don’t raise the debt ceiling there is…
Debt Limits and Drug Addicts …
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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…