Debt

This tag is associated with 5 posts

Founding Fathers, Debt, and Bubbles

Barack Obama and the main stream media at some point in this election will attempt again to change the discussion from the perils of the public debt to one of income inequality (which we earlier refuted to be a bogus argument).  The public debt is the greatest danger we face today.  It stands at a … Continue reading

War of 2012

It took me a couple days to digest the so-called “Debt Deal” and I am disappointed.  I take solace that the content of the debate has changed somewhat if not the actual results.  Since the Deal gets all the politicians through to their next election, I am anxiously awaiting the 2012 elections.  The debate will be … Continue reading

What would our Founding Fathers think?

“I place economy among the first and most important of republican virtues, and public debt as the greatest of dangers to be feared. We must make our choice between frugality and liberty, or excessive spending and servitude. If the debt should be swelled to a formidable size, its entire discharge will be despaired of and … Continue reading

101st Airborne in Congress.

“They’ve got us surrounded — the poor bastards!” Those words are attributed to a member of the 101st Airborne during World War II when they were surrounded by the Germans at Bastogne.  For months, when resistance seemed futile and surrender something many would understand, they held out against unspeakable odds.  But, the tenacity in which … Continue reading

Debt Rant

“No pecuniary consideration is more urgent than the regular redemption and discharge of the public debt.” Those are the wise words of George Washington.  The Tea Party often relishes the opportunity of pointing towards what our Founding Fathers intended when making arguments for today.  The problem is that liberals like to manipulate the discussion with … Continue reading

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