Debt
Stimulus Overload, Part Two
The federal government and a chosen few corporations are siphoning up vast amounts of investment money. That isn’t exactly a stimulus.
January 7, 2009 | Read More
Eight Years Later
Only 13% of Americans are satisfied with our nation’s direction.
January 6, 2009 | Read More
Stimulus Overload
We’re not the only ones saying that more debt-financed government spending is a bad idea.
January 6, 2009 | Read More
Debt Diplomas
Universities have colluded with credit card companies to load students down with even MORE debt when they graduate.
January 1, 2009 | Read More
Who Says Main Street Isn’t Getting A Bailout?
Quit your whining and get on down to your local General Motors dealer. That’s where you’ll find your bailout money. They’ll loan it back to you–cheap!
December 30, 2008 | Read More
Let’s Call It What It Is: Printing Money
The only solution Washington can off to a crisis caused by a glut of cheap debt is … more cheap debt.
December 18, 2008 | Read More
Beating A Dead Broke Horse
Washington’s economic jockeys are leaning forward in the saddle, cracking the whip and furiously jabbing their spurs into the flanks of the economy. The horse is dead, though, as in dead broke. But that’s not stopping them from beating it for all it’s worth. The problem is, they’re trying to use the same riding crop that killed it to revive it: more debt.
November 14, 2008 | Read More
Another Economic Albatross
If Samuel Taylor Coleridge were around today, he could write the Rime of the American Economy and the takeaway line from the poem would be, “Debt, debt everywhere and nary a drop of equity.” Now there’s another deficit-bloated albatross about to be draped over our country’s economic neck: corporate debt in companies owned by private equity firms.
November 3, 2008 | Read More
Delerium Tremen$
Another Through the Looking Glass day in the markets. The government released a report showing that our Gross Domestic Product contracted last quarter and that consumers actually cut their spending for the first time in 17 years, and by the largest amount since 1980. Meanwhile the Dow Jones … jumped 250 points at the opening bell.
October 30, 2008 | Read More
A Goldbrick Education
We’re in the middle of a horrendous downturn, which was caused by oceans of debt in the marketplace. And what do we do? We force the next generation to take on tens, even hundreds of thousands of dollars in new debt before they even start their careers. That’s a smart plan!
October 17, 2008 | Read More
