Tag: Debt

I’ll Gladly Pay You Tuesday For A Hamburger Today

Or so says Wimpy. Today, given the non-stop blare of so-called “headline news” coverage that dominates our lives, one would require refuge in a distant monastery in order to avoid the messages being directed our way. And the primary...

The Key To Cutting Government Spending

If a rowboat springs a leak and is fast filling with water, the first step is to stop the leak. Then the water can be baled out. A similar approach is necessary with America’s economy. For a very long time, excessive spending (the leak) has caused...

Are We Truly Left With No Debts Due?

Are We Truly Left With No Debts Due?

For those who care about such matters, an utterance is said to reveal man’s smallest unit of speech. Somewhat remarkably, words like ugh, hmm, or gotcha may even qualify as guideposts that define our human history. In order, that first word...

What To Do, What To Do?

In anticipation of Forbes magazine’s updated list of the 400 Richest Americans, I have taken it upon myself to resolve a question that has become a nagging national issue. What to do with the 1-percenters? For those of us who follow economic...

False Prosperity Meets Reality Check

Debt is the biggest problem facing the United States.  Over the past 30 years, household debt, corporate debt and government debt have all grown much faster than our GDP has.  All debt bubbles eventually burst.  Right now, we are living in the...

An Unworkable Paradigm

An Unworkable Paradigm

A few weeks ago the U.S. Department of Treasury released its latest estimate of the budgetary deficit for the fiscal year ending Oct. 31, 2011. Once again it revealed an extremely large deficit of which the majority of members of the European Union...

The World Turned Upside Down

Our generation’s Great Bull Market began on August 12, 1982 and lasted until January 14, 2000. In eighteen years, the Dow Jones Industrial Average moved from 776.92 to 11,722.98. In this remarkable age, we saw divided government, deregulation, tax...

Now Showing: Uncle Sam as Santa Claus

Well, we did it.  We passed $15 trillion dollars and the debt keeps rolling along.  I think the exact number is $15,007,011,750,997 or at least it was as of 10:00 AM yesterday morning.  By 10:01, the number had changed again. But don’t worry, there...