Category Archives: government

U.S. Debt is a "Fiscal Cancer"

Gee, ya think? Advertisements

Posted in Debt, government | Leave a comment

Party in the U. S. A.

Fannie and Freddie are so far underwater that you can’t hang even more lousy mortgage loans on them? What is the government to do? Get fiscally responsible? No way, Jose! They can still force the FHA to lend money to … Continue reading

Posted in fha, government, mortgage | Leave a comment

Must Read of the Month (and probably Year)

Take the time to read this article from the Atlantic Monthly. Very important! Here is the heading paragraph. The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist … Continue reading

Posted in banks, crisis, government | Leave a comment

To Eternity…and Beyond!

Buzz Lightyear? No. The Federal Deficit. Talking about blowing through records, at least the Detroit Lions need a whole season to set the record for futility (0-16). The government only needed 3 months! to blow through the record for “biggest … Continue reading

Posted in deficit, economy, government | Leave a comment

Print or Tax

For winning the Nobel Prize in economist, we find Paul Krugman, um, not very smart when it comes to economics. His answer to the disaster that Bush’s economic and regulatory policies have put us in is for the government to … Continue reading

Posted in economy, government, krugman, stimulus | Leave a comment

The Mother of All Ponzi Schemes

You thought it was Madoff’s scheme to bilk investors of 50 billion. Ha! Small potatoes. Leave it to John Stossel to point out who is actually running the largest Ponzi scheme in history. By far! There’s one thing I can … Continue reading

Posted in government, madoff, ponzi, stossel | Leave a comment

King Paulson in Control

Henry Paulson, King of America, is in control and on the beat, folks. He has lent out $2,000,000,000 (2 trillion) to troubled institutions, that would be $2 trillion of the taxpayer’s (yep, you) money, but is refusing to say where … Continue reading

Posted in bailout, crisis, economy, government, paulson | Leave a comment