We just went through a painful time. We learned our country is an addict. Addicted to spending. We lost our triple A credit rating. There was a intervention. With the clock ticking, Congress decided the country needed to go to rehab. Not right away, of course, in a few months when a Super Congress will Read the full article…
Many economists say the debt to GDP ratio is key to evaluating the state of the economy. Total debt meaning the debt sum of all Federal bills, notes and bonds. Publicly held debt is the sum of Treasury notes held by individuals, banks, and governments. Add to that the intragovernmental debt which is mostly the Read the full article…
Obama and the Democrats have framed the debate this way. Spending is OK, taxing needs to be fixed. Of course, it’s always the obscenely rich and the oil companies that need to be taxed. Republicans say taxing will kill more jobs, it’s spending that must be cut. Polls show the majority of American now agree Read the full article…
