Why Pentagon won’t say how it would cut $55 billion

  Source: Why Pentagon won’t say how it would cut $55 billion starting Jan. 1 – CSMonitor.com. One reason is because the Pentagon would then have to show its cards, some argue. That is, it would have to tell Congress how it would reallocate funds from its lesser priorities to its higher priorities, says Todd Harrison, senior fellow for defense budget studies at the Center for … Continue reading Why Pentagon won’t say how it would cut $55 billion

The Cliff……

Now that the national elections have finally played out there is much talk about the financial cliff. That is the mandated 10% budget cuts and letting the Bush administration tax cuts expire. It seems most of the media treats this event as some sort of catastrophe but in my usual contrarian ways  I just don’t see it that way. Even though I am strongly a social progressive, I am also a fiscal conservative. So here is my take on this matter. Continue reading “The Cliff……”

Why Aren’t They Thanking Him???

I can’t understand why Ohio is supposedly one of the swing States in this election.  They have gone from 48th in Job creations in 2008 to 4th in 2012.  That is the most dramatic change of any State in the Union.  Of course this is the result of President Obama giving loans to the auto industry which is a large employer in Ohio. I could really say the same thing about my home State of Indiana. It has gained much from those same loans but of course it is usually a solidly “red” State so sadly to say it is not on the fence.

Continue reading “Why Aren’t They Thanking Him???”

Giving Credit Where Credit Is Due…

Source: Bye, bye, GI: Deep impact for many Germans as US troops downsize – World News. Earlier this year, the Pentagon announced defense cuts of $487 billion over the next decade, as the United States seeks to move to a smaller, leaner and more agile force, putting a new strategic focus on the Middle East and the Asia-Pacific region. The Defense Department in January said that … Continue reading Giving Credit Where Credit Is Due…

The ‘Gang of Six’ At It Again…

source: Try, try again: Senate ‘Gang of Six’ hatching plan on US debt reduction – CSMonitor.com. Warner and his colleagues in the Gang of Six are putting the debt-reducing plan produced by the Simpson-Bowles commission into legislative language (some 800 pages and counting, by Warner’s estimate). That legislation should be in final form within the next six to eight weeks, Warner said. The bipartisan commission, chartered … Continue reading The ‘Gang of Six’ At It Again…

Those Who Don't Know History Are….

Being a history nut I like the old saying “those who don’t know history are doomed to repeat it”. The premise behind this statement is that we should know what got us into past problems so we don’t end up making the same mistakes again.  I think this is especially true when it come to our country’s debt problems. So, that is what this post … Continue reading Those Who Don't Know History Are….