“The time to worry about debt is before you get it, not after you got four-fifth of it” – Will Rogers, 21 December 1932 These words of wisdom were just as ignored in Will’s day as they are today by … Continue reading Worrying About Debt….
The US has been a primarily a consumer driven economy for more than a hundred years now and I kinda think Enough is Enough. That is what this post is all about.
Continue reading “Consumer Driven Economy Or…?”I am a fiscal conservative. That makes me a man without a party. The one steady thing I admired about the Republican party, at least until recently, was that they didn’t like debt. “If you were against President Obama’s deficits, and now you’re for the Republican deficits, isn’t that the very definition of hypocrisy?” Senator Rand Paul said as he held up passage of the budget bill for a few hours — perhaps until he realized that the definition fit him, too, since he had voted for the tax cuts that will blow up the deficit. Source: The Republicans Have Become … Continue reading It’s Important To Take A Stand.
We are three billion in the hole and will be three billion more next year, and not a Congressman has got the nerve to ask voters to pay part of it. — January 29, 1933 Will Rogers Obviously this quote was said long before even Grover Norquist’s parents were born but it is equally true today as it was in Will’s time. The fact of the matter is up until President Bush, taxes have always gone up to help pay for our wars. But when so many from the GOP crawled up to the altar of Mr. Norquist with … Continue reading About The Debt…
Tonight is, thank heavens, the last debate for this presidential season. It will be on foreign policy. I can tell you in advance what will happen. Each side will tear into the other saying their opponents foreign policy will assure the total destruction of the United States. There will be little of anything but put-down and counter-put-downs.
If I were running for president I would give you very clearly what I would proudly call RJ’s Doctrine: Continue reading “RJ’s Doctrine….”
I know there is a lot of fury going on now about how President Obama has increased the national debt. So, when I came across this graph it got my attention. I have had several ranters here lately who proclaim that “that idiot Obama is bankrupting the country”. They go on and on about the increased deficit and how it is their sole reason to drive that “idiot” out of office. I am going to try and give you some insight into this situation but as President Clinton said recently you are going to have to pay attention…
Source: Economy Watch – Bernanke says demand too weak to bring down jobless rate. Consumers are not spending enough and businesses are not investing enough to put a big dent in unemployment, Federal Reserve Chairman Ben Bernanke said Monday How many years have we heard about the dreadful effects of consumer debt in the country. It is typically reported that the average family has more than $8,000 in credit card debt! Everyone, including most economists, say we are just living beyond our means. But now here is the number one financial guy in the country saying we are in the trouble … Continue reading Not Spending Enough???
This would be a great world to dance in if we didn’t have to pay the fiddler. – June 27, 1930 Will Rogers I haven’t heard the phrase “Its time to pay the fiddler” in years. When I looked it up on Wikipedia it was shown to be a country music song sung by Ernest Tubb among others. It goes something like this: Well it’s time to pay the fiddler And it’s sad to know we’ve danced it all away But the warm night’s disappearing Leaving nothing but the cold hard light of day Since “paying the fiddler” is in … Continue reading Paying the Fiddler…
The average consumer carries over $16,000 in credit card debt. And there is usually a mortgage and probably a car loan in the pile too. They say the total personal debt of U.S. consumers is over $11 trillion. Unfortunately many of those are middle aged and moving into their retirement years. With all this debt they are obviously not putting away much for their later life. It is quite startling how much debt many seniors today carry into their retirement! Four out of ten carry a mortgage with them into their golden years. Almost five out of ten carry a … Continue reading Living Debt Free….
All this political foolishness is getting insane. I just wish the president would grow a backbone and tell congress to give him what they gave the previous president seven times. Give him a “clean” bill that raises the debt limit in the next three days. Yes we need to look at spending but we don’t need to put the country in a totally unnecessary peril to do that. Those guys are risking everything I have spent my life saving for my retirement. This game playing stupidity has gone on for much too long now. Its time for some “grownups” in … Continue reading All I Know — Grow a Backbone…..
I have been a little shy about wading in on the debt ceiling stuff that is going on right now. As you know I like to make jokes about what I say here and those Republicans in Congress are making me look like an abject amateur in that area. Most of this same group of yahoos rubber stamped seven (yeah seven) debt increases during baby Bush’s eight years in office. We did not even hear a peep out of them about anything to do with future generations or all those things we are hearing now. The merrily passed all the expenses for … Continue reading All I Know … About the Debt Ceiling
RJ's Corner - Having My Say 