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 … Continue reading It’s Important To Take A Stand.
Since the second world war, British foreign policy has been built on its so-called special relationship with the United States, which emerged from that conflict as the world’s most powerful nation. This week, London showed it was attempting to build another special relationship, with China, the world’s fast-rising power that is on its way to challenge US dominance in global affairs…. Britain is known for … Continue reading British Pragmatism…
“The time to worry about debt is before you get it, not after you got four-fifths of it.” – Will Rogers, 21 December 1932 These words of wisdom were just as ignored in Will’s day as they are today by almost all of us and especially by our government. Continue reading Worrying About Debt….
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 … Continue reading About The Debt…
Source: Defense cuts could further dim US jobs picture – Life Inc.. There are thousands of civilian jobs related to the war effort, and cutbacks in defense spending have already led to reductions in these defense-related jobs, including direct government positions or those with defense contractors. Outside of slightly more federal money spent on citizen’s safety nets the defense budgets are the biggest use of our … Continue reading War Jobs vs Peace Time Jobs….
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 … 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 … 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 … 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 … 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 … Continue reading All I Know … About the Debt Ceiling