Tag Archives: economy
Can California Be Allowed to Fail?
So the fallout of Wall Street is hitting Capitol Avenue and the budgetary hole is growing by the week. Just before the recent election the deficit was estimated to be between 15 and 21 billion dollars. My big question is … Continue reading
How Bad is It? It’s Pretty Stinking Bad…
It is finally clear to me what’s wrong and I wouldn’t have gotten it unless I worked in a business doing the books at this time. Credit is frozen. This means that we can’t pay our vendors in full or … Continue reading
Greenspan Didn’t See the Trainwreck Coming?
Well here we are a couple weeks out from the election and the examination of the fiscal crisis is in full swing. Greenspan is before the Congress as the high and mighty want to know what wrecked the train. What … Continue reading
If I Am Paying, I Want Some Entitlements
Republicans have called Democrats “Tax and Spend Liberals” for many years. Republicans call Liberals big spenders who create “entitlement” programs. In other words, programs that provide things for people that they come to feel they are entitled to. What are … Continue reading
The Economic Light of Day
“We can easily forgive a child who is afraid of the dark; the real tragedy of life is when men are afraid of the light.” Plato It seems to me that the economic light is clear. The greed of our … Continue reading