Debt

Irony Alert! DNC Spends More Than it Takes In

by Steve MacDonald September 22, 2017

The Democrat National Committee continues to reap a “windfall” from their ongoing Blame Russia™ and “People who don’t vote Democrat are White Supremacists” narratives as donors flock to write checks in support of …wait! It’s just the opposite. The DNC raised just $4.4 million last month, the second lowest August fundraising figure for the party in the past decade. […]

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Oberlin Follows Mizzou and Evergreen – Enrollment Drops, Financial Woes

by Steve MacDonald September 10, 2017

Oberlin College is at the forefront of social justice outrage hoaxes but until recently had not reported any real-world consequences. See what I did there? Real world? Mizzou went full-stupid with their fake outrage which cost them, and cost them and cost them, and then cost them some more. Evergreen took it to another level, and now they […]

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That “Grassroots” Resistance is More Expensive Than They Thought

by Steve MacDonald July 22, 2017

The DNC, still in rough financial shape, finished last month $3.3M in debt, per new @fec report. https://t.co/IOv38AdHTC — Kenneth P. Vogel (@kenvogel) July 21, 2017

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If Illinois Had One-Party Rule: House Dems Pass $5 Billion Tax Increase

by Steve MacDonald July 3, 2017

I am fond of pointing out that to Democrats there is no limit to how much of other people’s property they will spend. California is the poster child, but Illinois is vying for the title. If it weren’t for the citizens electing a Republican Governor, they’d be staring into the teeth of a 32% $5 billion dollar […]

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Data Point – Total debt by type by Americans

by Skip February 17, 2017

(H/T: Business Insider)

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Keynesian Economics

by Skip February 3, 2017

I’ve never understood the idea that taking money from the general public (who then can’t spend it themselves), running it through the Government trough (and the eventual skimming off its percentage of overhead), and then putting a lesser amount back into the general public is supposed to  “stimulates” the economy.  Even if you are throwing […]

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See, It’s Not Just New Hampshire – California Underestimated Medicaid Costs Too…

by Steve MacDonald January 19, 2017

The incoming Sununu administration discovered a $65 million dollar hole at the New Hampshire Department of Inhumanly High Health Services ((NHD(i)HHS)) thanks mostly to expanded Medicaid costs they had not anticipated. Seriously? We here in our humble shop knew it would happen from day one. We knew that the Federal contribution wasn’t “Free Money™.” And […]

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Just Watch. You’ll Figure it Out.

by Steve MacDonald August 23, 2016
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UNH President Makes About Half a Million – Look at What We Get!

by Steve MacDonald July 23, 2016
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New Hampshire taxpayers should take a few moments to measure the value of their ‘investment” in leadership at the University of New Hampshire (UNH). UNH President Mark Huddleston is the second highest paid Public University President in New England. Huddleston’s compensation package – which increased 2.7 percent compared to the previous year – consisted of a base […]

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Bernie’s Wife Ran Vermont College into a Ditch and Left it There.

by Steve MacDonald May 16, 2016
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Heat Street.com is reporting that the wife of a socialist Senator Bernie Sanders drove a college she ran into so much debt it will no longer be able operate. Burlington College announced today that it will close on May 27 after it found itself unable to recover from “the crushing weight of the debt” incurred under […]

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Can We Please Get the Feds Out of the Solar Venture Capital Business?

by Steve MacDonald April 5, 2016
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Your drunk Uncle Sam, he likes to play the solar ponies, but he couldn’t pick a winner if your life depended on it. But why should he care? It’s not his money. The Economist On March 29th SunEdison, an American firm that calls itself the world’s largest renewable-energy development company, was described in a public […]

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Businessman Need Not Apply! Wait…

by Scott Morales January 29, 2016

… scratch that. I heard about this William F. Buckley quote but didn’t read it until a few days ago.  And since that time, I’ve had a chance to chew on it. Parts of Buckley’s statement do seem to fit, do they not?  Especially the reference to Trump’s vanity.  And regardless of what one thinks […]

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So where’s the less expensive, smaller government, deficit busting GOP in DC again?

by Skip January 27, 2016

60 percent of Republican voters feel “betrayed” by the party’s political leadership They campaigned for getting majorities in the US House (where appropriations and tax bills start) and the US Senate.  They campaigned on smaller Government.  They promised to stop Obama’s expansion of Government.  They railed against piling up more deficit spending.  They promised to […]

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America’s Pension Crisis

by Steve MacDonald August 7, 2015
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In this segment we are joined by Lawrence J. McQuillan, Senior Fellow and Director of the Center on Entrepreneurial Innovation at the Independent Institute and author of  CALIFORNIA DREAMING: Lessons on How to Resolve America’s Public Pension Crisis. “In California Dreaming, McQuillan provides a beautiful case study of the way politics operates to produce public pension […]

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Data Point: Obama’s policies are turning us into Venezuela

by Skip February 4, 2015

Even as Obama crows about the deficit (annual) being cut in half (like that’s supposed to be hard, given he started at over a Trillion), the National Debt keeps going up. And that debt requires debt servicing – and that is real money too. Currently, the government’s interest costs are around $200 billion a year, […]

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22 Trillion Dollars And Not Enough ‘Bridges’ Were Created or Saved

by Steve MacDonald January 9, 2015

There is talk in Washington of raising the federal gas tax to deal with our “crumbling infrastructure.” WASHINGTON (Reuters) — As gasoline prices plunge to the lowest level in more than five years, some lawmakers see a golden opportunity to bump up taxes at the pump to help pay for the repair of crumbling roads […]

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Budget Battle: Politically Connected Win, Everyone Else Loses

by Scott Morales December 12, 2014

Yesterday, I was reminded of a piece of music I have not listened to in a while.  So this morning I figured I’d put it on while catching up with things.  I sat down at my desk, logged on and searched to find out about the results last nights bill.  Who knew how apropos the […]

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U.S. debt has now surpassed $18 trillion.

by Steve MacDonald December 3, 2014
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Congratulations to Barack Obama and Jeanne Shaheen.  That unsustainable debt they once ran for office against just a few years back has risen 70%.  US Debt has now surpasses $18 Trillion. Under President Barack Obama, America’s debt has skyrocketed 70%. On the day Obama took office, January 21, 2009, Zero Hedge reports U.S. debt stood […]

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Time To Give Obama The Nobel Prize In Economics?

by Steve MacDonald October 13, 2014
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I think it might be time to give Obama a Nobel Prize in economics.  This is a guy who has not had one day of his presidency where the US was not involved in an overseas contingency operation (see also a War), who has facilitated the bombing of several countries since his election (destabilizing them), […]

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Jeanne Shaheen Spends Over 20 Trillion in Six Years – Needs More Or Else!

by Steve MacDonald July 2, 2014
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Jeanne Shaheen and more than half a decade of Democrat majority Government have spent more than 20 trillion dollars on that government.  We’ve had plenty of advertised stimulus, some of it sold as specific to the very thing that now motivates the US Senate to ask for a raise in the Federal gas tax. Failure […]

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Hope? When Obama Is Done You Won’t Have Any

by Steve MacDonald May 9, 2014
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Hope (and change) were the promise of the Obama Presidency.  We’ll change things until you have no hope.  That’s what happened.  And that is the plan going ‘Forward.’ Democrats all across the nation are embracing 1.9% total growth in 2013 and 0.1% in the first quarter of 2014.  And they should.  This is what they […]

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About those Shaheen Campaign Talking Points…

by Steve MacDonald April 9, 2014
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WMUR has posted some inside baseball on the tactics of the Shaheen Campaign now that Scott Brown is officially entering the fray.  Well, it’s not really inside baseball, more like store front window shopping for baseballs.  Anyone who walked by and looked in would have know what was going to be ‘for sale’ from Shaheen […]

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Data Point – Total Credit Market Debt as a percentage of GDP

by Skip April 7, 2014

 

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So is Scott Brown really a surrogate for Andy Leach?

by Skip April 1, 2014

This past Wednesday nite, fellow Grokster Mike and his lovely bride Mar-Mar opened up their home and brought in their friends and family to meet Scott Brown (if you haven’t heard, he may or may not run for US Senator from NH but at least is in the exploratory phase – much to the relief […]

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Blogosphere Doodlings – “It’s for the bicycles, man!”

by Skip March 31, 2014

Ah yes, back to TreeHugger.  They really are all about downshifting one’s standard of living to ensure that “Gaia” won’t be hurt from global warming global cooling climate change Mankind activities that would make us like Venus (or was that Neptune?) in temperature.  They also are all about Socialism (“we’re all in this together and […]

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What Some Senate Republicans Want For New Hampshire

by Steve MacDonald February 21, 2014
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“Those arrested include operators of home care agencies, operators of nurse staffing agencies, office workers and personal care assistants. One woman is accused of bilking taxpayers out of $75 million.” Fraud is a major factor in Medicaid.  Expanding Medicaid will only expand the fraud.   The irony in this is that Medicaid expansion is part of ObamaCare […]

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26,190 NH Residents Are Being Forced By NH Democrats Into An Inferior, Corrupt Health Care Catch Basin

by Steve MacDonald January 27, 2014
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I wanted to make sure you saw this important email; 26,190 New Hampshire residents are being forced into an inferior, corrupt, and wasteful health-care “alternative by New Hampshire Democrats who supported the Democrat “reforms” that kicked many of them off the plan they had and liked but could not keep as Democrats promised. Many of […]

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Debt, Democrats and Detroit- A Losing Combination

by Scott Morales January 26, 2014
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Since we’re approaching the next push for raising the illusory Debt Limit, and the United States is currently over $17,000,000,000,000 in debt, I thought a post about a shining exemplar of Democrat management and debt might be illuminating.  Detroit, or Detroilet as it has come to be known since the Democrats placed their considerable seats […]

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Rule#1 Entitlement Expansion Inevitably Crowds Out Other Priorities

by Steve MacDonald January 7, 2014
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Still thinking about expanding Medicaid In New Hampshire?  Or maybe you are just indifferent.  Well you can’t afford to be. The bait expires and the annual stipend is not guaranteed.  In fact, given the Federal debt and deficit situation, any expectation that the Feds will not cut funding to Medicaid and other programs as debt […]

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Obamacare Will Increase, Not Decrease, Bankruptcies

by Don November 25, 2013

So many false claims have been made for Obamacare that I did some research about medically caused bankruptcies.  What I found indicates that Obamacare will probably INCREASE, not decrease, medically caused bankruptcies.   “Bankruptcy facts”: “63% of filers blamed credit card bills.  50% blamed mismanagement.  37% blamed pay cuts or job loss, and 28% blamed medical […]

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