fiscal responsibility Archive

Tea Party ‘fiscal responsibility’ rhetoric risking depression

The Tea Party leadership needs to read ‘The 7 Deadly Innocent Frauds of Economic Policy’ and go public on the need for a higher debt ceiling and a larger federal deficit, before they do even more damage to the US economy: Public strongly opposes debt level increase: Reuters/Ipsos poll By Andy Sullivan ...Read More

Euro Erases Gains as Bailout Optimism Ebbs; Chinese Stocks Fall

Looks like the trillion didn’t even buy the EU the day and a half I suggested. While not much has actually changed some cross currents can start to surface. Decent US economic news, especially the through the rear view mirror, should continue to be reported. The euro austerity measures are deflationary, and ...Read More