Tag: borrowing

Economics and Economy

At Last, Obama’s Ready to Borrow More Money from China

The headline on July 15 was knee-slapping funny: Obama says he’s “ready to move” on debt ceiling. Really?  The man who dug a deeper debt hole in two years than anyone else did in 8—or 15—is willing to borrow more? Say it ain’t so. For those who believe Obama’s some sort of deficit hawk, let’s …

Economics and Economy

Jefferson on Debt

With the debt ceiling negotiations closing in, it’s worth looking to Thomas Jefferson. Jefferson was very opposed to federal government borrowing.  (He was less concerned with states borrowing.)  What I love about the quote below is Jefferson’s concern for leisure time.  "To preserve [the] independence [of the people,] we must not let our rulers load …

Economics and Economy

Obama Makes It Worse

“It” could refer to anything. Anything at all.  In this case, though, I’m referring to unemployment.  Well, maybe I’m referring to the economy overall. Unemployment rate rises to 9.1%, 54K jobs added « Hot AirObama has increased regulation, seized entire industries (auto, student loans, commercial banking, medicine), and borrowed more money faster than all previous …