My Blog

Tag: Debt

  • We’re Dying — Another 5.4 Million Get SS Disability

    Yesterday I re-wrote about Tytler: A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. The post when on to cite recent news about how we’re nearing this point.  We have a record number of folks on…

  • European Markets Tank

    European markets took a big hit today, obliterating any hope generated by yesterday’s rally. Contagion is back, baby!  … Italy and Spain led the downward trend, with the latter index briefly down over 4 percent.  Yields on Spanish government bonds continued to push 6 percent, but did not exceed that benchmark level. via Business Insider.…

  • Illinois Teachers’ Pension Troubles

    It’s important to note that this fund do NOT include CPS teachers. Illinois public school teachers and retirees could have reason to worry about the kinds of pension checks they will be getting down the line.  … The Springfield State-Journal register reported over the weekend that pension director Dick Ingram sent a memo to his…

  • Countries Move to Isolate the U.S.

    Are other countries planning for a U.S. demise? “I was in Australia earlier this month and there, as elsewhere on my recent travels, the consensus among the politicians I met (at least in private) was that Washington lacked the will for meaningful course correction, and that, therefore, the trick was to ensure that, when the…

  • Our Per Capita Government Debt Worse Than Greece

    This chart was put together by Senator Jeff Session’s office.  I found it over at The Weekly Standard.

  • Athens: Our Future?

    BBC News has a few shots of Athens.  On one of the photos there’s an interesting quote by on of the protesters. “Even if they eat the flesh of the people, bankruptcy will not stop.  It will just get worse.  That is why we support a write off of the whole debt and to be…

  • Illinois, the Greece of America

    It all started with this story: Even though the legislature and Gov. Pat Quinn last year imposed a temporary 67 percent state income tax increase, Quinn’s office expects to have a $500 million budget deficit this year. Quinn is calling for a 9 percent cut in most areas of state government, except education and health care. But…