Tag Archive | "Secretary"

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Just How Much is $13 Trillion?

Just How Much is $13 Trillion?

Regardless of your political party or ideological leanings, the notion of the federal government spending $2 trillion, adding to the national debt of nearly $11 trillion already, should make you stop and consider the staggering size of our national tab.

If the irony of using debt-based spending to solve a problem caused by debt-based spending has escaped you, perhaps these fun facts will put things into perspective:

If you spent $1 every second, you’d have to keep spending for 412,000 years to get…

Read the full story

Posted in Bailout Watch, Economy, Features, Stimulus to Nowhere, ZeitgeistComments (7)

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Bailout fails — Move on to Mark-to-Market Reform

Oh, Happy Day! And it certainly is for all those who value freedom, responsibility and the true free market in which individuals are free to profit from their risks on the condition that they don’t stick the rest of us with their losses.

It’s not hyperbole to say the Republican and Democratic backbenchers who defied both parties’ leadership to defeat this $700 billion package of Wall Street socialism literally saved America. Whatever their reasons, this defeat (or rather victory for freedom),…

Read the full story

Posted in Bailout Watch, EconomyComments (14)

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Washington Post Blames Private Sector for Government Failures

On the front page of the Washington Post, writer Steven Pearlstein contradicts himself by writing that mortgage giants Fannie Mae and Freddie Mac are being “rescued from the harsh discipline of markets and the consequences of their own misjudgments,” undercutting arguments for “privatization, deregulation, and a faith in free markets.”

But the failure of Fannie Mae and Freddie Mac is hardly an indictment of the free market: Fannie and Freddie are “Government-Sponsored Enterprises,” not products of the free market or the…

Read the full story

Posted in Economy, Legal, Politics as Usual, Precaution & RiskComments (9)

  • Popular
  • Most Comments
  • Most Emails