Archive for July, 2011
By Donald S. Conkey
How did the United States Congress ever allow the government of the United States to reach a point where a financial crisis could seriously jeopardize America’s financial creditability if the debt limit is not raised by August 2, 2011? This current scenario is politics at its worst – and at its best.
Politics at its worst because the politicians have allowed this crisis to happen – at its best because a new crop of politicians are attempting to reign in the out of control politicians who, in my opinion, have lost sight of why they were elected; to serve the people, not to seek power and glory for themselves. Read the rest of this entry »
By J. Randolph Evans
No one knows just how the current federal debt crisis is going to play
out. Anyone who says they do, probably knows the least.
The polling numbers for everyone involved are horrible. Sixty-seven
percent of Americans believe the country is headed in the wrong
direction. Forty-eight percent of Americans disapprove of President
Barack Obama’s performance as President. Seventy-three percent
disapprove of the job Congress is doing. And, all of those numbers are
before another fifteen months of high unemployment. Read the rest of this entry »
By Les Dunaway
Well, it’s been a rough week! With every indication of more rough times to come.
The economy continues to sputter and 1Q11 was worse that we thought [read]
There’s lots of punditry about what the debt ceiling impasse will mean:
- Debt ceiling: Will I get my Social Security check? [read]
- What Will Happen If Debt Ceiling Is Not Raised And The US Defaults? [read]
- What Will Happen If The Debt Ceiling Isn’t Raised? [read]
But, here is the real issue:
- Wiedemer: US Treasurys Now a ‘Toxic Asset,’ Debt Deal Won’t Fix It [read]
- Pew: US Becoming a Second-Rate Power [read]
By Tom Kiser
This may fall into the category of kibbitzing about a technicality that no one cares about, but the United States Federal Government, as the issuer of our fiat money, cannot collect amounts of that same money and hold the money for future use. If money is collected regardless of by what method then the money must be spent near-real time, regardless of for what purpose, else the money “disappears” from the system…..as if it went into a financial black hole. Read the rest of this entry »
By J. Randolph Evans
What do Georgia judicial elections and reapportionment have in common?
Nothing, but maybe everything – especially in 2012.
In 2012, many statewide judges around Georgia, including a majority of
Justices on the Georgia Supreme Court, will be on the Primary Election
Ballot. Georgia judicial elections are supposed to be nonpartisan
affairs (although political parties and governors have been known to get
into a judicial race here and there.) Read the rest of this entry »