Tag Archives: debt ceiling
On Driving the Economy into a Brick Wall
Last Friday the University of Michigan reported a consumer sentiment measurement of 54.9 for August…down from 63.7 in July. It has been quite a while since consumers have been so in the dumps. In fact, consumer disposition has not been … Continue reading
Deliver Us From Idiots
A central benefit of the government’s debt ceiling calamity was the outstanding comedy it provided. We’ll certainly miss the B-rated entertainment. While it’s unfortunate a default was avoided, the whole hullabaloo served up some tasty performances. President Obama, for one, … Continue reading
Admit Defeat of the Social Utopia
Production is the End “The economic goal of any nation, as of any individual, is to get the greatest results with the least effort. The whole economic progress of mankind has consisted in getting more production with the same labor,” … Continue reading
Broken Promises Broken Dreams
White House and Congressional efforts to reach a Grand Bargain are merely a distraction. The basis for such a bargain – reduce spending so the debt limit can be raised – is fraud and folderol. Nothing that we’ve seen suggests … Continue reading
