Some of you might not know that I’m a history buff.
As a matter of fact, I enjoy it so much that I double-majored in the subject at the University of Illinois.
One particular area I’ve always been interested in is family history. Recently, I managed to trace the family tree on my father’s side back to...
Posted to
Economics
on 02-09-2010
Filed under: History, Debt, Entitlements, Immigration, Tom Barrack, US debt, national debt, federal debt, immigrants, genealogy, family tree, Joe Barak, Americans, family history, American Dream, forefathers, family genealogy, Thomas Barrack
“This debt is being piled on the backs of our kids and grandkids with no relief in sight.”
-House Minority Leader John Boehner (R-Ohio), as quoted by the Washington Post last night
From MarketWatch’s Robert Schroeder yesterday:
The U.S. government would be allowed to go $1.9 trillion deeper into debt...
Posted to
Economics
on 02-05-2010
Filed under: Obama Administration, U.S. Government, Congress, Politicians, Debt, House of Representatives, US debt, national debt, debt limit, debt ceiling, federal debt, spending emergency, pay-as-you-go, PAYGO
Well, now that the pesky Bernanke confirmation business is out of the way, the Federal Reserve can go about their business, blowing another asset bubble. Whatcha talkin’ about?
So says Jeremy Grantham, chief investment analyst for the global investment firm he founded, Grantham, Mayo, Van Otterloo...
Posted to
Economics
on 01-29-2010
Filed under: Housing, Federal Reserve, Obama Administration, U.S. Government, Central Banks, U.S. Treasury Dept., Economy, stimulus, housing bubble, Home Prices, Congress, Stocks, Consumers, Stimulus Package, Debt, Interest Rates, Crash Prophets, investors, Bubbles, Fed, financial system, Alan Greenspan, Jeremy Grantham, Technology, national debt, federal debt, government stimulus, asset prices, government debt, tech bubble, asset bubble, third bubble
Last week, I talked about how Senate Democrats proposed allowing the federal government to borrow an additional $1.9 trillion to pay its bills, which would bring the “ceiling” on the national debt to $14.3 trillion.
Today, the Senate voted along party lines to approve the measure.
From Bloomberg’s Brian...
Posted to
Economics
on 01-28-2010
Filed under: Obama Administration, U.S. Government, Economy, Congress, Politicians, Senate, Democrats, Political Parties, Debt, Barack Obama, Budget Deficit, Republicans, U.S. Senate, President Obama, Republican Party, Democratic Party, national debt, federal debt limit, federal debt, national debt ceiling, national debt limit, federal debt ceiling