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It's The Economy Stupid
44 days ago
by Scott Burgess
What worries us most: Economic collapse I'm not surprised by the results. Anyone who can do even basic math can see that raising the debt ceiling yet again is not going to solve anything! Yet, that is exactly what our government continues to do. We can't even afford to pay the interest on the nation ...
Fretion's Corner - fretion.blogspot.com
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BBC Editorial on Debt
45 days ago
by Scott Burgess
You could count through your whole life (day and night) and never get to the billions, nay trillions, which are now owed by me, you, us, companies, governments, sovereign nations to - well, to whom exactly? That's the other thing that does one's head in. Not to mention what happens if we don't pay i ...
Fretion's Corner - fretion.blogspot.com
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The Debate Continues
51 days ago
by Scott Burgess
Just finished reading Tom Naughton's Debate With A Leftist Pal, Part Nine. I enjoyed it as usual. I wanted to highlight one of Tom's closing paragraphs. The bond market was where the crappy loans eventually did their damage. Take away the derivatives, and the implosion merely would have happened som ...
Fretion's Corner - fretion.blogspot.com
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What He Said
51 days ago
by Scott Burgess
Humanity's Ponzi Scheme. I liked this article, Bryan Welch lays it out in terms of natural resources, but really, it applies to everything. The whole reason the economy is in trouble is based on the same thing. Our country has spent the last hundred years or so spending future income. And, the popul ...
Fretion's Corner - fretion.blogspot.com
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Poverty Numbers
55 days ago
by Scott Burgess
Census Bureau clarifies poverty numbers. Well, that explains it. Actually, if 50% (which is the number that's been flying around the net) of Americans are living in poverty, why is it that More than Half the Homes in U.S. Have Three or More TVs? I think someones definition of poverty needs to be re- ...
Fretion's Corner - fretion.blogspot.com
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Living within your means.
58 days ago
by Scott Burgess
This one is closer to what I've lived most of my life. Family of three lives well on $20,000 a year. I think these people are doing a much better job than the Mother & Son who were barely getting by on $50k. The problem as I see it exists from the highest levels of our government, all the way down. ...
Fretion's Corner - fretion.blogspot.com
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TANSTAAFL!
64 days ago
by Fretion
There ain't no such thing as a free lunch! You tell him Tom! I've really been enjoying this series of articles. Debate With A Leftist Pal, Part Seven I do not understand why so many people just can't seem to grasp the concept. It's not "free". Someone is going to have to pay the piper, and not to mi ...
Fretion's Corner - fretion.blogspot.com
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