Beltway politicians have identified a parade of scapegoats for the onset and longevity of current economic woes in the America. Among the favorites is Wall Street greed and “risky” investment practices. In truth, federal government expansion and interjection into the free market was the primary culprit.
Instead of being held accountable, Washington, D.C. asserted more control [...]
Archive of posts filed under the Financial Reform category.
Worry about Hitting Debt Wall, not Ceiling
Worried about the burgeoning national debt? You should be. Take a look at Melanie Sturm’s Think Again column, which appeared in the Aspen Times on May 12, 2011.
Imagine having friends who earn $100,000 per year. They’ve continually outspent their income, charging $45,000 annually to credit cards. Their debt balance exceeds $700,000 and their interest rate is increasing. [...]
The Battle of the Budget
Representative Paul Ryan of Wisconsin is taking the budget battle directly to President Barack Obama and Senator Harry Reid. Mr. Ryan, the chairman of the House Budget Committee, is set to unveil the budget proposal for fiscal year 2012, which begins in October. This budget will likely cut at least $4 trillion in spending over [...]
Defusing the Debt Bomb
Barack Obama and his Congressional majority are accumulating trillions of dollars of unfunded liabilities for America. The President’s political agenda is pushing United States debt to a level that will soon exceed the value of the nation’s annual economic output. As of June 4, 2010, the national debt (i.e., the sum of all outstanding IOU’s [...]
Obama Won’t Waste a Financial Crisis
Here we go again! Barrack Obama has another crisis that can’t go to waste. After the brief stock market dive of nearly 1,000 points on the DOW Index (an approximate $1 trillion drop in value) on May 6th, the regime is clamoring with renewed fervor for expanded government control over the financial sector of America. [...]