MicroGroks
Wednesday Jerome Powell issued the caution due to rising levels of federal debt. Federal debt is created when federal spending exceeds federal taxation. The Chairman of the Federal Reserve was addressing the Joint Economic Committee.
It is clear that a major part of Rick Parent‘s concern is that of the gobsmacking debt that our “leaders” (both Democrat and Republican) have run up in our names (and wallets) – $16 Trillion and now over 100% of our GDP (a “red zone” on a gauge of OK, caution, and “Danger, Will Robinson!”). …
Liberals and Progressives have, for years, said that we have to decrease spending on defense and spend it on more important things – don’t think that they meant debt payments. Sorry, but you guys, in the end, are going to be the ones that screwed your own social programs. (H/T: Weekly Standard)
Ugh. I went to Grokster Mike’s St. Patrick’s Day get together last nite and on the long trip down on WBZ, there was a little blurb about yet another group looking for yet another handout from the Federal Government. But first, some back ground as to my disgust: Our Federal debt has now exceeded our …
I know that Americans all want to “be #1”, but on this topic, I’d be happy to be last. (H/T: US Senate)
Grok readers are probably wondering how such a discussion could be held without Mark Steyn, but there was plenty of erudition and humor on display at this excellent panel discussion. (Disclosure – I have their books, and have met them all – great people!) First, the panel members: Paul Teller, Executive Director of the Republican …
AFP Defending the Dream – How Federal Spending is Bankrupting America Read More »
“If Thomas Jefferson thought taxation without representation was bad, he should see how it is with representation …” —Rush Limbaugh Today’s Union Leader Editorial, entitled, “Free Cops!” points once again to the ills of having a big-government Democrat like Jeanne Shaheen serving the Granite State in the U.S. Senate. Like her liberal counterpart, former Congressperson …
Jeanne Shaheen: “Porking” Those Tax Increases Down Our Throats Read More »
Obama’s Solyndra problem in under three minutes
This particualr faerie story center around three graphs from the Government Printing Office (GPO). Not the fed, the treasury, or even some fruit-loop left wing think tank, but the GPO. The GPO prints stuff, and answers to the Executive branch. So right out of the toy-box we have to question these partisan stills, presented as they are in a partisan manner, bearing guestimated facts and assumptions, with no basis in reality
