This blog will focus on political images I have found all around the Internet, though I will intersperse some commentary and quotes that I find interesting.
Showing posts with label national debt. Show all posts
Showing posts with label national debt. Show all posts
Friday, December 21, 2012
And where did that deficit come from?
Our national deficit is really the result of a few key factors. Republicans would have you believe that entitlements (I'll name them as they really aren't entitlements - we pay for them - Social Security, Medicare and Medicaid) are responsible for the deficit, but it really isn't so. I wonder why we can't have an intellectual discussion about issues such as these in the media at and at the Congressional level? Shit - it is really discouraging that conservatives are allowed to falsely frame the arguments the way they do.
Tuesday, August 23, 2011
Thursday, June 10, 2010
Saturday, October 18, 2008
Thursday, October 09, 2008
Why the Economic Crisis?
The answer is right here - the national debt. Fox news tells us that the national debt billboard in New York City had to add another digit as we crossed the ten-trillion dollar mark. Remember the good old days - when Bill Clinton actually had the U.S. paying down on it's debt? Ah - but what will REALLY solve the problem is more spending and more tax cuts!
From Fox News....
In these uncertain financial times, one thing remains certain — the ever-expanding national debt. But it's growing at such an accelerated rate, the clock that has kept track of the deficit since 1989 has had to add a digit.
The National Debt Clock switched its digital dollar sign to a 1 on Monday to accommodate the nation's ballooning deficit, now past the $10 trillion mark, thanks to Congress' $700 billion bank stimulus package.
Friday, March 07, 2008
Just a Thought (Commentary)
Source: Unknown...
After The Asians Call In Their Loans, We'll All Get To Wear These Nifty Kimonos ...
Since the beginning of the Bush administration, the government has been selling U.S. currency to finance the trade deficit. In the last six years the Japanese have bought up $700 billion in U.S. currency and the Chinese §200 billion dollars. The most pressing danger this presents is that if they stop buying dollars, we will effectively lose the low interest loans we are using to finance our debt. Many economists worry that they will dump their holdings, sending the dollar into a free fall.
As James Surowiecki wrote in The New Yorker, "The Chinese and the Japanese could decide that the costs of the falling dollar are too great, and suddenly stop (or, at least, cut back sharply) their lending to the United States. This would lead to a so-called 'hard landing' for the U.S. economy: high inflation, punitive interest rates, collapsing stock prices and housing prices."
After The Asians Call In Their Loans, We'll All Get To Wear These Nifty Kimonos ...
Since the beginning of the Bush administration, the government has been selling U.S. currency to finance the trade deficit. In the last six years the Japanese have bought up $700 billion in U.S. currency and the Chinese §200 billion dollars. The most pressing danger this presents is that if they stop buying dollars, we will effectively lose the low interest loans we are using to finance our debt. Many economists worry that they will dump their holdings, sending the dollar into a free fall.
As James Surowiecki wrote in The New Yorker, "The Chinese and the Japanese could decide that the costs of the falling dollar are too great, and suddenly stop (or, at least, cut back sharply) their lending to the United States. This would lead to a so-called 'hard landing' for the U.S. economy: high inflation, punitive interest rates, collapsing stock prices and housing prices."
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