Posts Tagged ‘Servicing The Debt’

Prez

Recently, America’s boy wonder, President Barack Obama, concluded, in a recent speech, that raising the debt ceiling does not increase our debt. Well, he is making a rather absurd argument, at best. You raise the debt ceiling because you need to increase your borrowing ability. The ability of the federal government to continue Read the rest of this entry »

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I can hear the whine of America’s idiot Princess, in the background. She is very concerned about the student loan interest rates increasing, doubling, in fact. Does this woman get the link between the level of debt and the interest that is currently Read the rest of this entry »

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It has been awhile since I brought any updated information about our National Debt to the blog. It seems that a new debt clock is up. The basic information is essentially the same only much higher than it was, previously, per capita. Read the rest of this entry »

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Recently, the Debt Clock turned over to more than $17 trillion dollars. It is approximately, as of now, $17.3 trillion dollars. Divide that number by 325 million, the number of citizens living in the United States and you have the per capita, per person, debt figure as of today. That number is $53,250.00 in debt expense, per person, citizen, living in the United States today. Can you afford that amount, personally? Have a family of four, then you need to multiply that number times four; nearly $215,000.00 per family of four. I can afford my debt. A debt that I neither sanctioned nor supported. This blog was originally published November 30, 2012. That was approximately 15 months ago. Read the rest of this entry »

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Economic Problems? What Economic Problems? Read the rest of this entry »

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The Federal Deficit!

No Problem? Sure!

$1 Trillion, $1 Billion and $1 million Visualized!

$1 Billion in $100's, 2 Days Interest!


It’s all obfuscating nonsense, of course, a scare tactic employed for political ends. A country with a deficit is not necessarily any more “broke” than a family with a mortgage or a college loan. And states have to balance their budgets. Though it may disappoint many conservatives, there will be no federal or state bankruptcies. NY Times, March 3, 2011

In this editorial and other arguments, the democrats have the algorithm all wrong. The tax cuts did not perpetrate more spending, Congress did! The tax cuts are just another reason to use when looking to spend more, regardless. Senators, for instance, like Washington States Patty Marx-Murray are addicted to deficit spending, earmarks and irresponsible fiscal controls. We went through this for decades. The argument in the 90′s was that a cut was really a decrease in the amount of increase, not an actual cut in the programs’ dollars. Read the rest of this entry »

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