FYI: Total public debt subject to limit April 16 11,125,587 Statutory debt limit 12,104,000 Total public debt outstanding April 16 11,183,899 Operating balance April 16 257,351 Interest fiscal year 2009 thru February 148,762 Interest same period 2008 198,518 Deficit fiscal year 2009 thru February 764,525 Deficit same period 2008 264,541 Receipts fiscal year 2009 thru […]
Economy
Thousands Attend Tea Parties Around Connecticut and the Nation
Unfortunately work and family commitments kept from attending one of the Connecticut Tax Day Tea Parties yesterday… From what I’ve read they were hugely successful not just in Connecticut but nation wide. A couple things… First this video or one like it has been making the rounds on blogs, I’m not going to comment on […]
Sales Tax Revenue & Housing Starts Fall
I don’t have any particular comments I just wanted to point out two stories that may have slipped under the radar, the first from yesterday’s Wall Street Journal highlights the sharp decline in state and local sales tax revenue in four quarter of 2008: State and local sales-tax revenue fell more sharply in the fourth […]
Environmentalists: ‘Cap-and-Trade’ Is Designed to Drive up Energy Costs and Redistribute Wealth
From CNSNews.com: President Obama’s “cap and trade” plan to reduce greenhouse gas emissions is specifically designed to drive up energy prices and redistribute wealth, according to a coalition of environmental, union, and liberal activist groups that is pushing for Congress to enact the proposal this year. The plan would also redistribute wealth by taking revenue […]
News of the Rebellion: Greenwich Tea Party
Mark your calendars for Wednesday, April 15 and make your voice heard at one of the Tax Day Tea Parties in Hartford, New Haven, Norwich and now Greenwich: Greenwich Tea Party When: Wednesday, April 15th, 3:00 p.m. – 5:00 p.m. Where: Greenwich Town Hall, Field Point Road, Greenwich, CT Website: Greenwich Tax Day Tea Party […]
Is More Spending the Answer to Our Economic Problems?
I mentioned last week that the Government and Federal Reserve had spent, lent or committed $12.8 trillion, here’s video from stopspendingourfuture.org that helps put that in perspective: In short, we have spent more bailouts than we did on World War 2!
News of the Rebellion: Connecticut Tea Parties
Mark your calendars for Wednesday, April 15 and make your voice heard at one of the Tea Parties in Hartford, New Haven or Norwich: Hartford Tea Party When: Wednesday, April 15th, 12:00 a.m. – 2:00 p.m. Where: State Capitol (North Steps), Hartford, CT Website: taxdayteaparty.com or hartfordteaparty.org New Haven Tea Party When: Wednesday, April 15th, […]
Holy Crap: $12.8 Trillion Spent, Lent or Committed???
From Bloomberg News: March 31 (Bloomberg) — The U.S. government and the Federal Reserve have spent, lent or committed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s. New pledges from the Fed, the Treasury Department and the Federal Deposit […]
John Larson: Government Should Compel Consumers to Use Alternative Energy
From CNSNews.com: Government policy should be crafted to raise the price of carbon-emitting energy sources so consumers are compelled to choose alternative energy, House Democratic Conference Chairman John Larson (D-Conn.) told CNSNews.com on Thursday. Larson agreed that such a policy would likely result in higher electricity prices for consumers but said this is needed to […]
What Caused The Finacial Crisis?
A lot has been written about greed and mismanagement on Wall Street but that’s only half the story… Make no mistake greed and mismanagement played their part but so did government intervention and regulatory policy and that’s the largely untold story: Related Speaking of doom, what if Obama only makes it worse? – John Ibbitson, […]
Here It Is…
Two nights ago President Barack Obama said he wanted to see the Republican’s budget alternative… Today he got it: H/T: Michelle Malkin.
Let the Exodus Begin…
Jake DeSantis may have been the most public buts he’s not the only one at AIG Finacial Products who’s cleaning out his desk: NEW YORK (Reuters) – Several more employees are leaving the controversial financial products unit that brought American International Group Inc to its knees last year, according to a person with knowledge of […]
Idiot: Geithner Speaks, Dollar Sinks
In remarks before Council on Foreign Relations today Treasury Secretary Tim Geithner said the U.S. is open to an SDR linked currency… Geithner later clarified his remarks by saying that “the dollar remains the world’s dominant reserve currency” and that that is likely to continue for some time, but the results of his remarks were […]
Chris Dodd’s Wife Paid by AIG Subsidiary???
Chris Dodd had an Op Ed in “Dodd: Setting the record straight” in this morning’s News Times… Unfortunately, the piece doesn’t seem to be on their web site so I can’t link to it… Regardless the timing couldn’t have been worse since Sen. Dodd is likely to face new questions about his wife’s involvement with […]
Obama Administration Seeks Broad Power to Seize Firms
This is rather frightening, the Obama administration is not only seeking broad power to regulate risk on Wall Street, they’re also seeking the broad power to seize companies that the Treasury Department thinks may represent a risk to our economy if they fail: Treasury Secretary Timothy F. Geithner is set to argue for the new […]