money for all the promises of the deledefs. There was the story that 17 billions for cypress would be enough. Even in this 17 billions 11 billion of new debts were "planned". Aside from that the disappropriation of the bank account owners took place. Now another 6 billion are needed. And even...
Well we learned the Greek do not want to pay their debt any more. Ah well it fits. Who cares about contracts? Who cares about saving in time? Who cares if the states sprawl epidemic? The socialists of all color are at work. We know that from the diverse books ob von Mises (in this case Bureaucracy )...
The non-plan about a "voluntary" debt cut, is gone. Wel if you have followed this blog you know this hardly can be told to be a suprise. At first If I'm having the bond I have the right to get my money back. It's up to me and the debtor to figure something out if he's not able to...
Well maybe thinking is a litttle to much maybe speculate would be the better word. As you may have read, Euro land is in as deep trouble as the US. It's an open question who really is the worse, but well that's another story. Now we have read a lot of ideas about saving. One of the ideas of saving...
Ok the debt ceiling was risen and surprise surprise Obama want a new program of around 300 billions to "stimulate" the economy. http://mises.org/Community/blogs/fdominicus/archive/2011/08/01/what-a-suprise.aspx The Addicted get another round of their stuff, and they are using it. This time...
The same simple questions, I asked 3 or more years ago remain unanswered. How can even more cheap credit solve a problem which was caused by too much credit? Now 3 years later and 4 000 000 000 000 later, the question still remains unanswered? How could it ever get better with even more "debt"...
but well I guess who who think they will "shutdown" will be disapoointed. They will raise the limit and may it be a few just a few days in August. They will swear the wildest oats that "this time everything is different" and they will "save money". Guess what the charade...
Well I hardly could believe that: http://www.spiegel.de/flash/flash-25145.html It's about the not covered expenses in the different states. Now I was thinkin California was "bad". Well it is but there are worse states. Nevada has a deficit of 45.x % that means for every dollar they spend...
nobody can beat the USA. The unbelievable sum is somewhere around 14 000 000 000 000 (14 trillions) the new debt every day is a around 4 000 000 000. That are new debt of around 1 200 000 000 000. And yet it's not "enough", As we learned Geither wants the "right" to make even...