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Posts Tagged ‘ Politicians ’
New CBO report – Lower (not increase) the early retirement age!
At one point or another, all the big name politicians have indicated they would support changing the minimum Early Eligibility Age (EEA) rules for Social Security. Obama has said it, so has Boehner. Even guys who love Social Security, like Sen. Harry R...
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Habituating to Contraction
The Savior State has pulled out all the stops to prop up the Status Quo. Its gargantuan borrowing and spending have fixed nothing. Contraction is replacing expansion as the new normal.
For the past 67 years, Americans have been conditioned to expe...
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Ponzi Planet: The Danger Debt Poses for the Western World
Countries around the world, particularly in the West, are hopelessly in the red, with debt rising every day. Even worse, politicians seem paralyzed, unable -- or unwilling -- to do anything about it. It is a global disaster that threatens the immedi...
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Super Rich vs 99% – Class War Will Explode
Forget politics. The 99%, the Occupy Wall Street movement, is not about politics. But politicians don’t get it yet. The Dems sure don’t. And while Bill O’Reilly says the movement is already dead, insider Frank Luntz thinks OWS is not only very...
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The Debt Walkers Strike Back
Ilargi: It's very simple, but maybe that's the problem. For all I know it's just too simple for people to see.
There's a group of people, and it's tempting to call them the 1%, but they’re not really, since there’s politicians in there too who ...
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How will MSM spin a failed Black Friday?
Obviously, Black Friday will be a failure.
Disposable household income is down. House values are down. Stock values are down. Net worth, at least by any honest measurement is down. Savings return no income, and have no prospect of doing so. Governmen...
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Biggs revises opinion on economy
November 21, 2011 6:39 pm
Biggs revises opinion on economy
By Dan McCrum in New York
Barton Biggs, the veteran strategist and investor, has warned that he was too optimistic on the prospects for economic recovery and that the outlook for the US stoc...
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Iceland Outperforming Euro Area
Iceland did it right - you have to take over your own banks that went out of control, disallow their debts, throw out and then hunt down the crony politicians that were enabling them, and not least shut out the foreign banks that were involved in the s...
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Supercommittee failure ‘may trigger US downgrade’
Economists are warning of dire consequences if US politicians fail to make progress this weekend in tense talks aimed at reducing America's massive deficit ahead of a Wednesday deadline.
Supercommittee failure 'may trigger US downgrade'
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U.S. Underclass to serve U.S. Ruling Class Forever
Slowly, over the last year, it’s begun to dawn on us: The economic recovery isn’t really making a dent in unemployment. ...
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Are the GOP and DEMS really this stupid?
I was struck by the irony of the GOP's populist threats against the FED, and the DEMs support of the FED.
I for one do not think that politicians are a stupid as most people think they are. They have been doing exactly what they need to do to get r...
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Our Economic Recovery has been Hijacked
Money Morning Chief Investment Strategist Keith Fitz-Gerald joined CNBC Asia's "Squawk Box" program to discuss U.S. President Barack Obama's new jobs proposal. President Obama is in a tough spot, trying to get approval ...
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Chaos Dead Ahead
Russ Winter of Winter Watch joins the Wall Street Examiner’s Lee Adler as they discuss the potential for political and financial catastrophe in the days ahead. Lee says that a failure to raise the debt ceiling will result in economic chaos, and that’s just what certain politicians want. Russ argues that they are not...
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The Debt-Ceiling Debacle: Another Way Politicians Could Ruin America
John Powell is worried - perhaps even scared.
Powell has watched the whole debt-ceiling debacle unfold down in Washington. He knows that our elected officials literally hold this country's future in their hands. He also knows that our leaders love nothing more than to squander opportunities and...
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Cost-Cutters, Except When the Spending Is Back Home
July 19, 2011
Cost-Cutters, Except When the Spending Is Back Home
By RON NIXON
WASHINGTON — Freshman House Republicans who rode a wave of voter discontent into office last year vowed to stop out-of-control spending, but that has not stopped several ...
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Debt Politics: The Lunatics are Burning Down the Asylum
he other night, I went to a drinks event for journalists at the British Embassy. Naturally, it was full of budget wonks who clustered around the bar, exuding pessimism the way gatherings of grandmothers exude hugs and Jean Nate. Everyone quizzed e...
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Frightening Solution to Problems of the Fed and Politicians
The Frightening Solution To Everyone's Problem From Bernanke To Democrats To Republicans
We have two distinct groups in D.C. that are stuck between a very big rock and a hard place. The first is the Federal Reserve. The second is the Democrats and R...
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What Are Treasury Investors Waiting For?
Treasuries rallied this week. I guess investors find the threat of the debt ceiling and potential default to be non issues. They still see Treasuries as a safe haven in a world of financial turmoil. Most professional investors are like politicians. They may recognize a problem, but won’t take action on it until it’s...
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Policing For Profit
A shocking news report recently documented how Tennessee police were stopping drivers on the interstate and confiscating large amounts of cash, even if the drivers were accused of no crime. The report was particularly shocking because the special u...
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The Road To Plutocracy
THE word "plutocracy" is in the air these days. Some say the era of the de facto rule of the mighty top 10%, or top 1%, or whatever insidious sliver of the income distribution is thought to constitute the moneyed power elite, is upon us, or nearly s...
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Debt ceiling reached – Treasury opens Ebay acct
According to Reuters, the debt ceiling gets hit tomorrow, but the Treasury can sell enough stuff on ebay to stay open until August.
http://www.reuters.com/article/2011/05/15/usa-debt-idUSN128834420110515
Workingpoor started this topic in April:
http...
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The 100 Least Powerful People In The World
There are dozens of “best” lists put out by the media every year. These stories have catchy titles like the most admired companies, the largest companies, the wealthiest billionaires, the most well-liked billionaires, the most powerful women, th...
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The U.S. Budget Deficit — It’s Greek To Me
It's Greek To Me
The amount of hot air emanating from Washington DC has increased exponentially as politicians are arguing about the size of next year's budget deficit, but no matter what they decide it will be, in a word, monstrous.
To illus...
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