Consumer Driven Economy Or…?

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.

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It’s Important To Take A Stand.

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.

British Pragmatism…

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 its pragmatic diplomacy. For instance, it was not only the first Western nation to recognize the new communist republic in 1949, but did so even before the Soviet Union for fear of a possible communist … Continue reading British Pragmatism…

About The 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 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…

War Jobs vs Peace Time Jobs….

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 tax dollars.  We spend more on our military than the rest of the world combined. As shown by the quote above and the source article one of the arguments our hawks give us for maintaining … Continue reading War Jobs vs Peace Time Jobs….

RJ’s Doctrine….

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….”

About That Debt….

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…

Continue reading “About That Debt….”

Not Spending Enough???

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???

Paying the Fiddler…

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…

Living Debt Free….

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 I Know — Grow a Backbone…..

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…..

All I Know … About the Debt Ceiling

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