The Chart That Should Accompany All Discussions of the Debt Ceiling

  There’s really not a huge need for commentary here as if you can read the chart, a picture is worth a thousand words.  The question is why isn’t this chart brought up every time someone suggests that Obama has created all of the deficit and debt problem?  Why isn’t the administration itself not educating people on the facts reflected on the chart?   Bookmark It Hide Sites $$('div.d3362').each(... Read More

Clarity on the deficit and the so called debt crisis

  There’s a saying in business that one can not manage what he’s not measuring and he is certain to mismanage what he refuses to measure properly. Let me ask you a question.  If you’re working somewhere, it’s likely that you have a 401(k) or a 403(b) type of savings plan for retirement.  If you do, would you consider it a wise move to raid your retirement contributions to fund your everyday living expenses?  Yes, people... Read More

The Real Story Behind the Great Recession: Debt

  A Zimbabwean man carrying money to purchase something.  The annual rate of inflation in Zimbabwe is 100,000%  Above all else, the level of debt is the biggest problem behind the economic malaise we find ourselves in.  The debt problems are everywhere—mortgages, government debt, credit cards, auto loans and etc.  The basic problem is that there’s way too much of it and much of it won’t be paid back owing mainly to less income for individuals,... Read More

Page 1 of 11