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Keynesian Economics, GDP and Debt
The failure of Keynesian economics can be traced to a single error. GDP is seen as the singular measure of economic strength and well-being, which it is not. GDP measures consumption; and it's no secret that consumption can be made to rise through all sorts of unsound and... Why Debt Matters and Who Is Its Source
During the Bush administration, when America accumulated $6 trillion in debt, with a Republican Congress and White House, at a time that there was absolutely no need for it and before the baby boomers had even started to retire, a Republican commentator stated that Reagan had... The leveling of America by Congressional desire
By James A. George, YankeeJimsAmerica, the American Political System Being a global competitor means equal-pay-for-equal-work by a global standard where salaries are determined by adjusting the base line for... Britains £4.8 trillion of national debt and counting
If you want to see how Britain was in its glory days, don't go to a museum, go to Hong Kong. This Film documentary made by Martin Durkin explains the full extent of the financial mess that Britain is in, with an... Debt Super Committee needs a hero? I'll be your Huckleberry
Well the deadline has come and gone for the Debt Super Committee? The Stock Market is roiled and America risks having its credit rating down graded. What should be done? This morning this author took his...
created by CynicalPatriot | 10 wks ago | updated 10 wks ago
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36 views | 0 recommendations | 0 comments
“Play by the rules,” Obama to China
Short them “ ‘For an economy like the United States -- where our biggest competitive advantage is our knowledge, our innovation, our patents, our copyrights -- for us not to get the kind of protection we need... Collection agency goes after House Speaker John Boehner
Washington, DC - China wants its money back, and it wants it now. Not surprisingly, the target of the Communist nation’s demands is conservative poster boy John Boehner (R-Ohio), the Speaker of the House. Things... Mathematically speaking: Take away, give away
Debit, Credit Look, I understand the situation. It is straightforward. The Bush tax breaks to the wealthy were unaffordable at a time when Bush war policy was too aggressive. We could not afford it and finances got... Paying On Time Becoming a Daily Trend
This summer had more than its share of economic ups and downs, but many of the major banks reported that most of their consumers continued to make their payments on time. Four of the six largest banks reported that default rates were continuing to fall. American ... How did we get into this mess? A market solution
You would have to be blind Freddie to think all is well in the world. We have the European Union on the brink of collapse, the USA about to go into a double dip recession, revolutions sweeping through the Arab world, Pakistan a nuclear power close to becoming a failed... Buffett is right: Raise taxes on the wealthy
By William G. Gale, Special to CNN(CNN) -- In Sunday's New York Times, Warren Buffett discusses the need to raise taxes on the wealthy. He's absolutely right. Tax increases, in general -- as well as tax... Bushonomics: True Reason for Meltdown
http://readersupportednews.org/off-site-opinion-section/83-83/6936-bushonomics-the-meltdowns-true-villain
Michael Tomasky
The Boston Globe ran a chart last Sunday that I’d buy billboard space to reproduce in every decent-size city in America, if I were running the... US politicians' & voters' financial reality disconnect
These is a teaser for a article I wrote on Examiner.com: "Anger overwhelmed this author upon seeing these two headlines next to each other on the front page above the fold: " 1) S&P downgrades U.S. debt...
created by CynicalPatriot | 26 wks ago | updated 26 wks ago
82 views | 0 recommendations | 0 comments
82 views | 0 recommendations | 0 comments
Why defense spending should be cut
Fareed ZakariaThe scary aspect of the debt deal meant to force all of Washington to its senses is the threatened cut to defense spending. If the congressional “super-committee” cannot agree on cutbacks of $1.5 trillion, the guillotine will fall and half of those cuts... Debt is a done deal, but peace truce already fades
" With scant time to spare, President Barack Obama signed legislation Tuesday to avoid an unprecedented national default that he said would have devastated the U.S. economy. But the truce with Republicans that defused the crisis seemed to be fading already. ...NowPublic on Facebook
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