Four men risked their political lives to help solve the problem of our lifetimes, but they forgot to massage Steve Tilley’s monstrous ego. When John McCain (R-AZ) and Roy Blunt (R-MO) agree with Michele Bachmann and Rush Limbaugh, you can bet the issue is beyond debate. In this case, the issue is the massive U.S.… [Read more…]
Congressional Democrats plan to hold a special session in August to pass yet another $26 billion bailout for states. Specifically for states that have create welfare empires they can no longer sustain. So responsible states now have to pay for irresponsible states at the point of a federal gun. It looks like the Democrats want… [Read more…]
What if: In January, a new Republican Congress is sworn in. First up on the agenda? A bi-partisan report stating that Congress must enact the most draconian tax increases and entitlement cuts in history or face total economic collapse. That’s the scenario developing. President Obama appointed a bi-partisan commission to make recommendations about the US… [Read more…]
An arrogant and distracted Barack Obama appeared at a press conference for the G20 Summit today. His purpose: to insult, threaten, and cajole the American people from an international stage. I’m doing it because I said I was going to do it and I think it’s the right thing to do. People should learn that… [Read more…]
Break out the Depression Glasses to toast the Obama Administration’s latest foray into economic disaster. Just posted on WSJ.com: BREAKING: The Federal Reserve and other central banks open a credit line to send dollars to Europe to ease debt crisis. Yes, folks. Your taxes are going up, your kids are going deeper into debt, to… [Read more…]
As I waited to appear on Larry Kudlow’s show last Friday, I heard Larry announce over and over again that he’s sick of hearing about Greece’s problems. Greece isn’t America. The U.S. economy is booming, and Greece can’t hurt it. I didn’t tell Larry, but I think he was wrong. Greece’s problems will hurt the… [Read more…]
The mounting government debt–$2.98 trillion in recent bailouts and stimuli alone–is an oppressive anchor around the neck of every American. Currently, every family of 3 is obliged to pay over $118,000 in the next 30 years. That’s a house payment with a variable-rate. In other words, the government has done exactly what helped cause the… [Read more…]
The debtor is a slave to his lender. Americans hold hundreds of billions of dollars in credit card debt alone. To this add automobiles, student loans, mortgages, medical, and myriad personal loans and you arrive at the staggering figure of $2.55 trillion with a ‘t’. This massive debt–encouraged and backed by the US Government–makes… [Read more…]
April 14, 2011
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