Moonage Political Webdream

The gall and stupidity of Nancy Pelosi never ceases to amaze me.  Today, with arguably the economic welfare of the United States on the line, and for that matter, several other countries of the world, Nancy Pelosi assured the world an agreement to bail out the struggling spec market was at hand.  She’d have it [...]

Tags: bailout, bush administration, community reinvestment act, economic policies, economic welfare, fannie-mae, freddie-mac, house speaker, jimmy carter, nancy pelosi, partisan, political ploy, Politics

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Here’s where the congressional budget process has gone wrong the last twenty years or so for those that think Congress spends too much:

Now, the problem I have here is this is a two part issue that sums all the problems in Congress right now:

Spending for Veterans was lumped in with a huge budget for HHS [...]

Tags: bob-filner, budget, charlie-rangel, HHS, Legislative Process, line-item-veto, nancy pelosi, National Debt, National Politics, transparency, veterans

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Here’s their message:

Letter to House Committee on Agriculture Subcommittee on Specialty Crops, Rural Development, and Foreign Agriculture

Dear Member,
Tomorrow you will have a hearing on the nation€™s current rural broadband programs. The Rural Utilities Service (RUS) is responsible for the Rural Broadband Loan Program, which subsidizes broadband service in rural areas. RUS has spent more [...]

Tags: citizens-against-public-waste, Energy Policy, Fed Policy, Government, government-waste, Idiot of the day, National Debt, National Politics, National Security, Politics, pork, rural-broadband-loan

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Here’s the lead volley:
Gigot: Welcome to "The Journal Editorial Report." I’m Paul Gigot. Of all the problems facing congressional Republicans this November, voter frustration with runaway spending is one of the biggest.

And the reply:
Flake: Politically it’s a huge problem. We’ve always sold ourselves as the party of limited government, and it’s very difficult to [...]

Tags: National Debt, National Politics, The Media

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So far this week:

Consumer Prices Hold Steady in June  ( Read no-inflation )
Nonfarm employment increased by 146,000 in June
The jobless rate in June was 5.0 percent, seasonally adjusted.  It has trended downward since February 2005 and is now 1.3 percentage points lower than its most recent high in June 2003.
The trade deficit narrowed unexpectedly in [...]

Tags: National Debt, National Politics, Oil Supply, Political Correctness, The Media

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From Mauldin’s letter of the 11th…on the current account deficits and the dangers inherrent there-in. Published with full disclosure and reprint permissions:

Technorati Tags: Fed Policy, National Debt

Tags: Fed Policy, National Debt

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OK: Lets "talk trade", where it comes from, who it goes to, what the end result of it all really is…
Nicked from TMF lte with links to sources.

Technorati Tags: National Debt

Tags: National Debt

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Trade Deficit Shrinks to $51.6 Billion in Sept.

The U.S. trade deficit (search)
narrowed more than expected in September as a rise in exports to
unprecedented levels offset the impact of record-high prices for
imported oil, a government report showed on Wednesday.
The monthly trade gap totaled $51.6 billion, down from a revised $53.5 billion in August, the Commerce Department [...]

Tags: National Debt

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The following is from the CBO web page showing the budgets and federal debt from 1960 until 2003.

Your browser does not support inline frames or is currently configured not to display inline frames.
This is a very handy tool to have when discussing all things government.

Technorati Tags: National Debt

Tags: National Debt

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In regards to the national debt, a few snips from the Congressional Record from Monday, October 4, 2004:
This second chart shows how much the debt limit levels have increased just since 2001. In 2001, the debt ceiling was $5.9 trillion. In 2004, it will be $8.07 trillion, and by 2014, according to the Congressional Budget [...]

Tags: National Debt

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