Debt – Page 2 – Granite Grok

Millions of Young People Have Too Much Loan Debt

Thanks to greedy capitalists millions of young people have too much loan debt. Do you believe that? Many people do; that or some variation on the theme. It is actually important for several reasons. Shall we look into the issue? The people who believe greedy capitalists are keeping young people deep in debt are believers. … Read more

road vehicles cars trucks traffic original Photo by CHUTTERSNAP on Unsplash

CT Governor Wants Regional Board to Raise the Gas Tax (TCI) Because His State Needs the Money.

by Steve MacDonald

The folks who pushed, promoted, and signed on to the Transportation Climate Initiative (TCI) are so cute. They keep insisting that this is about saving the planet. We’ll reduce emissions. Gaia will love us. Sorry, as with all such schemes, the goal is to milk the sick cow for a few more bucks before it dies.

Alderman Say No But Nashua Taxpayers’ Will Be Paying for This Proposal for Many Years

by Laura Colquhoun

It seems like some of Nashua’s Aldermen are telling residents that they will not have to pay for the Performing Arts Center, however, this is a lie.

Even the New York Times Won’t Carry Hillary’s Water on “Trump Owes Russia Money”

by Steve MacDonald

Four years of pretending Trump was hiding something in his taxes came to a close last month. He was hiding something from Democrats. That there was nothing to hide. They went all in 24/7/365 (again) only to come up empty. That’s no excuse for not trying again.

Proper Aspirations Under the Constitution

by Percy Blakeney

Americans can ask no more from their federal government than what they find in the constitution. This is the crux of the differences in our society today. The Marxists demand government control everything. Conservatives say no, that is not America’s system of government.

Why Your President Shut Down COVID “Relief” Negotiations With Pelosi

by Steve MacDonald

The Left is losing their minds, and lying, as usual. I’ve already seen campaign garbage from the likes of Senator Shaheen. We should focus on more covid bailouts, not SCOTUS nominees. Are you sure, Senator? Is that your final answer?

NH Only Ranks 24th Nationally for Financial Health – We Need to Do Better

by Steve MacDonald

The Granite State has a way of doing very well on just about every metric. But we’ve got a few Achilles heels. We rely too much on federal money, and our pension debt is an ugly bruise we’re trying to heal. And then came COVID, which also impacted our Truth in Accounting’s Financial State of the States report ranking.

“Your children’s children will live under communism, You Americans are so gullible.”

by Percy Blakeney

Nikita Khrushchev was the leader of the Soviet Union in the late 1950s and early 1960s. According to Ezra Taft Benson among others, Nikita Khrushchev said, “Your children’s children will live under communism, You Americans are so gullible.

As In Any Good Utopia, Culture Matters

by Percy Blakeney

In San Francisco, as in any good utopia, culture matters. It’s the cost that does not seem to matter. Whether the show goes on or not; the paychecks continue to go out. The taxpayers get to foot the bill… whether or not they receive value.

State Sovereignty National Union

by Percy Blakeney

State Sovereignty National Union is the state motto of Illinois. Didn’t know that did you. Neither did I. The statistics in this post come from OpenTheBooks.com and their article in RealClear Politics.

FDR Stole Two-Thirds of Americans’ Savings

by Percy Blakeney

Remember when FDR stole two-thirds of Americans’ savings? No, of course you don’t. It happened 87 years ago. The last time that populism existed as a major force in the world was in the 1930s. What we’re experiencing today is similar to what happened in the 1930s in many ways.

What if Biden Wins the Presidency?

by Percy Blakeney

What happens if Biden wins the presidency? Let’s think about the situation. For the first 3 years of Trump’s presidency, the stock market was rising and the economy was growing. This masks many of the factors driving a sense of hopelessness in the country. Many Americans and the nation itself have unpayable debt.

“Large public debts imply a redistribution between current generations and future ones who cannot vote”

by Skip

Another line of argument against austerity is that public debt is not really a problem. This argument is especially popular now, given that interest rates are generally very low, so debt is not expensive.

President Trump Announces End to Taxpayer Funding of Corrupt UN World Health Organization (WHO)

by Steve MacDonald

President Trump has announced that effective Friday, American taxpayers will no longer backstop the UN’s corrupt World Health Organization. A temporary freeze in payments will become permanent cutting off approximately 400 million a year is US support.

NH Received at Least $2.24 Million Per COVID19 Hospitalization – Where’d it All Go?

by Steve MacDonald

Last week we shared some data from Kaiser Health. In it, they reported how much states had received per COVID19 case (as of Mid-April). New Hampshire was pegged at 200,000 per incidence. But that struck me as the wrong way to look at it. The grave concern was hospitalizations, so what was the cost for that?

How to Stay on Top of Your Finances

by Guest Contributor

Do you want to live a life totally devoid of money troubles and the stresses that they cause? If so, you must make a conscious effort to get and then stay on top of your finances. Once you have a tighter grip on the cash that comes in and goes out of your bank each … Read more

Are Most Fears About Budget Deficits Wrong and Dangerous?

by Percy Blakeney

Modern Monetary Theory (MMT) basically says most fears about budget deficits are wrong and dangerous. The federal deficit is projected to swell to $4 trillion this year. Republicans are nervous. Democrats are eager to spend trillions more.

The result each time is more government, more debt, less freedom

by Percy Blakeney

We have replayed this time and again… and time and again. First, the government causes a problem. Next. they declare the problem they are the cause of, a crisis. Then, the government raises taxes and usurps more of our freedom. The government then bills itself as the solution.

Coronavirus Bailout Money for Higher Ed Institutions

by Percy Blakeney

What did you spend for coronavirus bailout money for higher Ed institutions? Harvard decided not to apply for their $9 million share of the $2.2 trillion CARES Act. With an endowment of over $40 billion that is very gracious.

Debt, Deficit and Disease

by Percy Blakeney

A dispute is brewing about debt, deficit, and disease. Government spending has inflicted a multi-trillion dollar deficit in America. Recent reports are projecting the single year federal budget deficit will swell to nearly $4 trillion.