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Tag Archives: default
Facing the Facts of Financial Doom
Our politicians’ appetite to spend money they don’t have will never be satisfied. There’s always a boondoggle or meritless program in need of pork. Likewise, there’s always a politician or representative in need of votes. Spending other people’s money brings … Continue reading
Posted in Government Debt, MN Gordon
Tagged congress, currency, debt, default, dollar, federal reserve, fiscal cliff, retirement, treasuries
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Jerry’s Definitive Moonshot
Southern California has wonderful weather. Within the coastal zone it’s especially wonderful. The sun shines bright every day, there’s low humidity, and a cool breeze wafts off the Pacific Ocean making things perfectly pleasant. You just can’t beat it. But … Continue reading
Posted in Government Debt, MN Gordon
Tagged california, debt, default, jerry brown, taxes
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Jump!
“If we right away say 98 percent of Americans are not going to see their taxes go up – 97 percent of small businesses are not going to see their taxes go up,” said President Obama on Wednesday. “If we … Continue reading
Posted in Government Debt, MN Gordon
Tagged bubble, collapse, congress, currency, debt, default, dollar
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The Temporary Madness of an Ugly Mathematics World
There are obvious contradictions in government finance that are both shocking and absurd. There are opposing forces colliding before us with consequences hardly a soul can escape. To sum up the plot, there’s the soft delusion of prosperity through public … Continue reading