All Posts Tagged With: "Government Spending"

Is The Middle A Place To Deal With Debt?

As of this writing, debate continues in the US Senate on the compromise Debt Ceiling bill, but one bit of information from the House vote presents an interesting view on the state of the Moderate position: all 5 of Iowa’s congressmen voted against the bill, even though we have 3 Democrats and 2 Republicans representing us.  (Update: Yup, the Senate approved it and Obama signed it… long day already!)

The reasons for voting “No” are drawn clearly along party lines.  The Democrats from Iowa (Braley, Loebsack and Boswell) all stated that “shared sacrifice” was lacking from the bill, which is code for “we want to soak the rich”.  King and Latham, the Republicans, were focused on fiscal responsibility and a balanced budget.

Saying that …


On National Debt, Default is Inevitable

Much attention has been focused on the size of the national debt as a whole; roughly $14.4 trillion. That number is astonishing, but the sheer size of the debt actually hides the true horror which is in store for the economy and future generations.

The debt has many component categories, the largest of which is called Marketable Debt. That means the portion of the debt that was issued in treasury securities that can be sold in the secondary bond market, and it is around $9.2 trillion. The rest is Non-marketable, and held mainly by the Social Security Administration through bonds that cannot be sold.

The Marketable Debt also has its own sub-components, based on the type of security that was sold to incur the debt …


9.7 On The Bizarre Scale

It was a steamy 98 degrees in Atlanta. It was clearly too hot for me to be out running at the local high school track…but there I was. I was not alone, however. Occupying Lane 4 was a guy who I would guess was born somewhere immediately after WWII. But my track-mates age was not the interesting part of the story. The interesting fact was that the man was clad in a long-sleeved sweatshirt. Yes, and it even had a Nike SWOOSH on it. I thought to sweaty self, “This has to be the most bizarre thing I have seen all week!” However, upon a few moments of reflection, I concluded it wasn’t even close to the top of the Week’s-Most-Bizarre List.

My first …


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