Posts Tagged ‘ spending ’

Throughout Europe, trade unions are organizing strikes in protest of budget cuts that governments are forced to put into place as their economies fail and budgets dry up. I’ll never understand the unions. Like town criers and buggy-whip makers, they have served their purpose in history, but unions have become a greedy, disastrous anachronism from a...
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At some point during the night, it rolled over. That’s the US Debt Clock. I’d been waiting with the kind of sick fascination that causes one to stare at the seemly slow-motion action of an ongoing car wreck happening before one’s eyes. A fitting analogy, really. Thirteen trillion dollars in debt and the government...
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The Obama administration has done more to curb spending than ex-President Bush’s administration? Bwaahahahahaaaa! That’s a good one. The last year of the Bush administration, they racked up a truly painful 458 billion dollar deficit. The Obama administration has spent a mind-blowing 1.4 trillion dollars, nearly three times that of the previous ransackers. This is combating...
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Government Figures should be an oxymoron. Or since it’s coming from the government, it should be oxyMORON. Over at The Market Ticker, Denninger tosses the chart above and points out that borrowing and spending three trillion dollars to replace the giant sucking hole that is the actual current American economy is doing nothing but...
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OK. It might have been here for a while, but now they’re not even hiding theutterly stupid, absolutely criminal behavior in DC. From Reuters… Volcker: Taxes likely to rise eventually to tame deficit The United States should consider raising taxes to help bring deficits under control and may need to consider a European-style value-added tax,...
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Just when you thought that government spending couldn’t get more offensive and stupid, I found this over at Samizdata: The state of Michigan is currently building a custom social network called the Michigan College Access Portal, at a cost of $1.5 million, to help students looking to transition from high school to college and beyond....
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Is there anyone out there who, like me, is just left staring at the Idiot Tube and the Fearless Leaders that are on it, scratching their heads and wondering what in the name of Zeus’ Butthole these people are thinking? That’s rhetorical, of course. I know plenty are. It’s just that the level of...
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“You will not see any of your taxes increase one single dime.”-President Barak Obama “I will NOT raise taxes. Period!”-President Barak Obama “I will not increase taxes for middle class Americans.”-President Barak Obama “I can make a firm pledge, under my plan, no family making less than $250,000 a year will see any form...
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I believe that particular phrase should be chiseled into every lintel on every door in the Capitol and the White House, because they certainly are living it there. They own it. They work it like a broken down mule when the horse has been sold for seeds and coal. In case you aren’t familiar with it,...
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Very interesting. It appears that some of the Democrats are not pleased with the Hopenchange promised to them by the President during the campaign. Take three minutes and watch this. It’s very well done and reflects some of the sentiment that is coming from within the Democratic party.   It will be very interesting to see...
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