Tag: Debt Ceiling

Budget and Debt

Don’t Expect Boehner To Play The Black Knight

The GOP didn’t really have a plan in place in case it lost. It certainly didn’t have a plan for getting snotclobbered. And if you try to spin Tuesday’s results as anything less than a good old-fashioned ass-kicking, you’re deluding yourself. Republicans Got Creamed I know Michelle Malkin found 20 things that went right on …

Economics and Economy, Limited Government

5 Things to Question About Debt Deal

Yes, the Tea Party movement influenced what went on in Washington.  No, the Tea Party is not the winner.  (No one won.) No, this debt deal won’t guide the government off the road toward bankruptcy.  Here’s why. 1.  No Entitlement Fix:  In fact, it appears that entitlements aren’t touched.  Entitlements are the nation’s spending problem.  …

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 …

Economy, Latest, Limited Government

80 Percent of Americans Read This Blog Every Day

I’ll be honest with you: I’ve lied. Usually out of desperation. I’ve lied to those closest to me—those most willing to forgive the thing I lied about.  I’ve also told the truth to my own detriment.  In the long run, the latter works best. In fact, telling the truth works best in the short run, …

Economics and Economy, Other News

Gimme More Money or Granny Gets It!

Obama showed his breaking point today. The stress got to him. Today Obama threatened to stop Social Security payments if Congress doesn’t bend to his will on the debt ceiling. The president told reporters that there may not be enough money to pay Social Security benefits on and after August 3rd.  But the President lies. …

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 …

Limited Government, Missouri, Other News

Rah Rah Roy Blunt

Roy Blunt has not given an inch in the battle over the debt ceiling. He deserves high praise for his resolve. During the 2010 Republican primary, many on the right questioned Blunt’s fiscal conservative credentials.  As a member of the House, Blunt had helped craft some and pass unpopular spending bills, including TARP.  On the …