Obama asks Congress for $1.2 trillion increase in nation’s borrowing limit
http://www.washingtonpost.com/blogs/44/post/after-delay-obama-asks-congress-for-debt-limit-hike/2012/01/12/gIQAA3ADuP_blog.html
Geithner rejects GOP warnings of Greek-like debt crisis in U.S.
http://thehill.com/blogs/blog-briefing-room/news/98599-geithner-us-not-at-risk-of-debt-crisis-like-greece
it’ll never happen here....riiiight.
“A new book, “Beyond Our Means: Why America Spends While the World Saves” (Princeton University Press), offers some insights. It was written by Sheldon Garon, a Princeton professor who is not an economist but rather a historian with a sociological bent.”
“Princeton University professor.” Kinda tells all we need to know about the book doesn’t it! The guys not an economist, but rather a “historian with a sociological bent” Wonderful! “I am here to tell you about something about which I know nothing.” Still have an excellent vintage red wine in the cooler waiting for the day the NY Slimes goes under!
Here is a book that y’all may enjoy as much as I did:
Your Money or Your Life: Transforming Your Relationship With Money and Achieving Financial Independence by Joe Dominguez and Vicki Robin (1999, Paperback, New): Transforming Your Relationship With Money and Achieving Financial Independence
Joe Dominguez, Vicki Robin
Easy credit is one of the things that destroyed America.