08.09.2011

Must Reads for August 9

08.09.2011

Sanity Downgrade

By William Warren – It would appear that the U.S. credit rating wasn’t the only thing receiving a downgrade…

08.09.2011

Credit Downgrade Should Remind D.C. Politicians That They Are Mere Mortals

By Adam Bitely – The political class in Washington got a wake up call late Aug. 5 — they are just as mortal as the rest of humanity. For some strange reason, many of the political elite were astounded that Standard & Poor’s would downgrade […]

08.09.2011

American resources—for American jobs, revenue and prosperity

By Paul Driessen – A frequent refrain during budget and debt ceiling debates is that we need revenue enhancement: higher tax rates, reduced deductions, eliminated credits. But doing this, especially amid today’s massively expanding regulations, will kill more jobs and further reduce government revenues. There […]

08.08.2011

Response to Obama on the U.S. credit downgrade

By Bill Wilson – Barack Obama is trying to reassure markets that somehow, his super-committee is going to seriously address the nation’s growing debt problem.  And he’s calling for more tax increases on job creators, and yet more deficit-spending that will fail to get the economy going […]

08.08.2011

Must Reads for August 8

08.08.2011

‘New Normal’ Is Political Flim-Flam

By Rick Manning – There is a new phrase that is being bandied about in these hard economic times that should be frightening to anyone who believes that America’s rightful place in the world is on top of the economic pecking order – the “New Normal.” Surprisingly, […]

08.08.2011

S&P Credit Downgrade Vindicates Tea Party Warnings

By Robert Romano – AA is now Barack Obama’s scarlet letter.  He is the first President to preside over a downgrade of our full faith and credit, and it is owed to no less than Obama’s $1 trillion annual expansion of the now $14.5 trillion national debt, […]

08.07.2011

Timothy Geithner Will Stay On As Treasury Secretary…

Following the week from hell, and indications from Geithner that he would be exiting the Obama administration after the debt-ceiling debate was over, Treasury Secretary Timothy Geithner has told Obama that he will stick around throughout Obama’s re-election campaign. This announcement comes on the heels […]

08.05.2011

U.S. Credit Rating Downgraded

For the first time in modern history, the U.S. credit rating is less than AAA. S&P’s has downgraded the U.S. credit rating to AA+. S&P’s specifically called out the debt plan that Congress passed and Obama signed earlier this week. According to S&P’s, the plan […]

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