Spending your way to debt bondage

In the sea of self-righteous proclamations by Democrats in Congress to wait for the new Republican Senator from Massachusetts before engaging in further healthcare debate, the same induhviduals have carefully neglected to discuss the real elephant in the room. Namely the national debt.

The reason is now obvious. Harry Reid and company clearly wanted to pass the biggest increase in the national debt ever, and saying that they would wait for Brown on such a key issue would have made them liars.

So there it goes, a $1.9 TRILLION dollar addition to the national debt, care of the Democrat Senate.¹ The vote was on party lines, 60-40, and would have failed had Reid waited another few days.

To put this number in perspective, it represents about 53% of the 2010 federal budget, as submitted by the biggest spender ever to occupy the White House. It also increases the national debt by a whopping 15%, the biggest percentage ever, in addition to by far the biggest absolute value ever. And it increases the direct national debt to $45,000 for every American man, woman and child.

This vote by the Democrat controlled Senate shows that Democrats with Harry Reid at the helm take issue with Brown, who might have taken away their credit card and impacted their freespending habits. Should the Democrat controlled House concur that the credit card limit should be raised by this whopper, the Democrats lead by Reid, Pelosi and Obama will be free to spend their way into the worst possible future for the American people. Namely debt bondage.²

© 2010, Pontificus. All rights reserved.

Budget Deficit, Campaign Promises, Economy, Ethics, Government takeover, Healthcare, Integrity, National debt, Obama, pelosi, reid, Social Security, Unemployment Hide

Obama's Fall Gal?

Analyzing the stunning victory for the Republicans in Massachusetts, one of the most liberal states in the Union, one comes away with various theories on what might have been playing out behind the scenes. Here’s one of those theories for your enjoyment.
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© 2010, Pontificus. All rights reserved.

2010 Elections, Climate Change, Coakley, Economy, Healthcare, Massachusetts, Obama, Taxes, Unemployment Hide

What Obamacare Means For You

Obamacare

• The Efficiency of the Postal Service
• The Sustainability of Social Security
• and all the Compassion of the IRS

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© 2009, Pontificus. All rights reserved.

Budget Deficit, Economy, Government inefficiency, Government takeover, Healthcare, Medicaid, Medicare, Obama, Social Security, Unemployment Hide

Nevada Development Authority

The Golden State hasn’t been that golden in a long while. Year after year the state seems to move from one budget crisis to the next. From one massive budget shortfall to another just as big or bigger. If political speeches promising a better future had any worth, the state would be platinum by now.

The experience that California is going through can be very helpful to the rest of the nation.

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© 2009, Pontificus. All rights reserved.

Budget Deficit, California, Entitlement Programs, Government inefficiency, Unemployment Hide

Climate Change (formerly known as Global Warming) isn’t quite done in the political arena yet.

One would think that the the global warming predictions — and the so-called models they are based on — were sufficiently busted through actual observations of the weather and solid science¹ that there would be no further discussion of laws relying on them. But things aren’t so simple when money becomes part of the discussion.

We could still see Cap and Tax (called Cap and Trade by some) enacted, and create yet another job and economy killer for the United States. Visit NoCapAndTrade.com for details.

© 2009, Pontificus. All rights reserved.

Climate Change, Global Warming, Government takeover, Green Economy, Unemployment Hide

It would seem to anyone briefly touching on the topic of unemployment, that the very definition of unemployment is simple: anyone looking for work but not finding it. Right?

Not so fast. The Bureau of Labor Statistics (BLS) has many methods for computing unemployment, only one of which is presented as the official unemployment rate.

Further, independent third parties provide their own computations for unemployment rates as they would be performed in other countries, or using methodology BLS applied in the past, but has since changed.

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© 2009, Pontificus. All rights reserved.

Bureau of Labor Statistics, U-3, U-6, Unemployment Hide