Tag Archives: deficits

A Promise Kept- but one that ruined America

No Gravatar

It’s virtually complete.   The change in America that Ronald Reagan wanted.  To make American’s totally distrust their government.  (Cut the bullshit.  You know what he said:  “Government is not the solution to our problem.  Government is the problem.”  Oh, and for all the crap about his capabilities- the deficit doubled under his tenure.  As opposed to dropping deficits for the two Democratic Presidents since his tenure.)

Continue reading A Promise Kept- but one that ruined America

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

signature
Share

What Austerity Really Brings

No Gravatar

Do you remember the great deficit bugaboo?  Where a certain party (you know, the Chicken Little one) kept screaming that the deficits would ruin America?  Which continued through the next Presidential election? The disappearing US deficit problem If you’d check my blog, I clearly stated the facts.  That the deficit only looked overwhelming because our economy was in free fall.  (As I quoted Ben Bernanke yesterday, the 2008 recession (aka ‘the Great Recession’) was far worse for the economy than the Great Depression.  And, now that our economy is recovering (although wage rates have not done so), our deficit is no longer a problem.  (Don’t even think that the “fixes” offered by Congress made a difference- they won’t kick in for a few more years, yet.)

Continue reading What Austerity Really Brings

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

signature
Share

Taxes and Deficits

No Gravatar

The fiscal cliff.  Or, the fiscal stepstool.   I’m not trying to say it’s not important- it is. (See my previous post on this matter, here.) We need our politicians to get off their own cliffs and negotiate- honestly.  But, that rarely happens. We have at least two problems.  We have a deficit problem- and we have a recession problem.  To some degree, they are related.  If we were booming, then our deficits would be down- way down.  But, we’re not-we are barely keeping even.  (Sorry, 2% growth is just that. )

Continue reading Taxes and Deficits

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

signature
Share