As time goes by, more and more groups get special privileges, contracts, jobs, tax breaks, bailouts, protections and redistributions. Eventually, there are more insiders collecting wealth than there are outsiders producing it. Then, reform is practically impossible. The political system is entirely under the control of the zombies. – The Daily Reckoning
Archive for Category: "Economy"
February 1, 2012 07:27
Rubio: Deficits as far as the eye can see – no plan to do anything
The CBO’s devastating report on the future of the economy shows continuing trillion dollar deficits causing slow growth and high unemployment. Sen. Marco Rubio wrote Obama saying “more and more people believe America is becoming a deadbeat nation heading toward European style debt crisis.” Rubio explains on The Kudlow Report.
February 1, 2012 06:30
CBO REPORT – OMG! – Slower Growth, Higher Unemployment
The report provides a dismal outlook for the economy. I think the CBO report has created a big headache for a good number of folks in D.C. Most of them are running for office this year. They certainly won’t be able to wave the CBO report as a measure of how well they are doing.
February 1, 2012 05:09
Germany to take over Greek budget
To bail out Greece Germany is demanding veto power over Greece’s budget. Greece is the result of a socialist welfare state that is the model for the “redistributive” ideology of Barack Obama. Greece is where the US is headed if we continue to keep our heads in the sand about the consequences of a debt that is greater the our entire Gross Domestic Product.
January 31, 2012 12:39
Real Unemployment 10% says CBO
“Had that portion of the decline in the labor force participation rate since 2007 that is attributable to neither the aging of the baby boomers nor the downturn in the business cycle (on the basis of the experience in previous downturns) not occurred, the unemployment rate in the fourth quarter of 2011 would have been about 1¼ percentage points higher than the actual rate of 8.7 percent” translation: CBO just admitted that the BLS numbers are bogus and real unemployment is 10%. – Zero Hedge
January 31, 2012 12:28
Kudlow: We are waffling toward bankruptcy
Larry Kudlow rails about inaction on real spending cuts. Sen. Coburn says all the cuts and proposals he has submitted fall on deaf ears in the Democrat controlled senate.
January 31, 2012 12:02
Was JFK a closet Republican?
Democrat darling John F. Kennedy seems more like a Republican when compared to Obama and his radical leftist Democrats of today like Harry Reid and Nancy Pelosi. Kennedy wanted increased production of our own energy and tax incentives for businesses for economic recovery.
January 31, 2012 06:28
Middle class savers and elderly hurt by stealth tax
Our Constitution gives Congress the power to levy federal taxes, not the Federal Reserve. This hidden tax falls hardest on seniors and near-retirees who are not rich and can ill afford to take a lot of risk with their investments.
January 30, 2012 10:02
Ryan: “president isn’t leading .. isn’t being truthful” about coming fiscal “train wreck”
Rep. Paul Ryan slams Obama on lack of leadership and fiscal irresponsibility. He said the president isn’t being truthful ( same as lying) about the coming fiscal train wreck. “We need a new president.” “The president and his party leaders are out on the left standing on the sidelines looking in. So what we clearly need is a new White house and a new senate.”
January 30, 2012 08:46
Fair share? Every American’s share of debt up from $34,000 to over $50,000 under Obama
“Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.” – Barack Obama 2008 … More
