Keyword: debt

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  • Just Stop Spending: Hey Congress, Stop spending money you don’t have, dummy.

    03/20/2019 11:55:44 AM PDT · by SeekAndFind · 23 replies
    National Review ^ | 03/20/2019 | Kevin Williamson
    Stop spending money you don’t have, dummy. Can we conservatives agree — at least among ourselves — on that much? Maybe not. Confession: I am not much of an ideologue. And I don’t think “Stop spending money you don’t have, dummy!” is an ideological position, exactly. And there’s no need to be fanatical about it: Running a deficit during a serious economic downturn, a war, or a national emergency? I’m flexible. You show me Hitler invading Poland and my response is not going to be: Stop spending money you don’t have, dummy. Whip those Nazis. And, then: Stop spending money...
  • Audit transportation dollars before considering tolls

    03/20/2019 7:55:50 AM PDT · by Tolerance Sucks Rocks · 10 replies
    The Day ^ | March 3, 2019 | Timothy M. Herbst
    I recently had the privilege of representing residents in eastern Connecticut that were opposed to the construction of the proposed state police gun range immediately adjacent to Pachaug State Forest. I personally thanked Gov. Ned Lamont for keeping his word in opposing this project. In politics, you are only as good as your word. That is why Lamont must also keep his word and not institute tolling on cars in Connecticut. Leaders in Hartford are missing the mark when it comes to tolling. They always seek to find alternate revenue sources through taxes or fees before first examining priorities, spending...
  • New study highlights just how bad Americans are with credit cards

    03/16/2019 11:53:11 AM PDT · by Libloather · 44 replies
    Yahoo ^ | 3/16/19 | Aarthi Swaminathan
    A new study details how Americans manage credit cards and how stressful credit debt can be. **SNIP** “The most shocking find to me was how many Americans carry credit card balances month to month,” Tommy O'Shaughnessy, an analyst at Clever Real Estate Analyst and the author of the report, told Yahoo Finance. Nearly half of the respondents (47%) carried some amount of credit card debt month to month, according to the survey, with 72% of borrowers carrying more than $1,000. “With the average 17.64% APR, that debt compounds quickly and can become unmanageable for lower income families,” O'Shaughnessy noted.
  • Virginia Toll Operator’s Losses Flash Red Light For New Toll Lanes

    03/15/2019 10:15:39 PM PDT · by Tolerance Sucks Rocks · 19 replies
    StreetsBlog USA ^ | September 13, 2018 | Ben Ross
    Washington, D.C. is the nation’s capital — and its suburbs could be moving towards becoming the nation’s capital of privately owned express toll lanes. The Virginia side of the Potomac has placed a big bet on such roadways, with 14 miles of pay lanes in the middle of the region’s famous Beltway, reversible toll lanes along 29 miles of I-95, and construction under way on three more highway segments. Last September, Maryland Governor Larry Hogan announced an even more ambitious plan for his side of the river, covering 77 miles of the Beltway and I-270. If these plans go forward,...
  • Trump budget to propose slashing domestic spending, boosting defense

    03/09/2019 2:29:10 PM PST · by SoConPubbie · 25 replies
    Washington Compost ^ | March 9, 2019 | Damian Paletta, Erica Werner
    President Trump on Monday will propose major spending cuts across a range of domestic government programs while seeking a large increase for the Pentagon, a budget plan that’s already encountering withering opposition from Democrats who control the House, as well as some Republicans. The budget has little chance of becoming law because of bipartisan resistance to many of its elements, but it sets forth the White House’s vision ahead of what is expected to be a fierce battle over government spending later this year. . . . . .The proposal is Trump’s first comprehensive budget blueprint since Democrats took control...
  • Treasury holds the line on auction sizes, will use ‘extraordinary measures’ around debt limit

    03/01/2019 7:51:55 PM PST · by Drago · 6 replies
    Marketwatch.com ^ | 01/30/2019 | Greg Robb
    The Treasury Department will auction $84 billion in notes and bonds next week in its quarterly refunding auctions, keeping the same size as in its prior offerings, the government said Wednesday. With Congress facing a March 1 deadline to raise the debt limit, Treasury said that it can use certain “extraordinary measures” to continue to finance the government on a temporary basis. Treasury said it was too early to provide “a more precise forecast” on how long the extraordinary measures will last.
  • Truth or Lie: Social Security Doesn’t Add to the Debt

    02/27/2019 6:51:08 AM PST · by SeekAndFind · 19 replies
    American Thinker ^ | 02/27/2019 | Jon Hall
    Congress, the branch of government that controls the purse strings and that is therefore responsible for the national debt, passed yet another milestone the other day when the debt blew past $22 Trillion. That’s a 14-digit liability that the American taxpayer is on the hook for. What a deal -- members of Congress get to buy your vote with your kids’ money. In November of 2012 on The Ed Show (mercifully cancelled in 2015), Vermont Senator Bernie Sanders said: “We are not gonna cut Social Security, which, by the way, as Harry Reid just reminded us, has nothing to...
  • A Failed State

    02/25/2019 10:58:14 AM PST · by Sean_Anthony · 3 replies
    Canada Free Press ^ | 02/25/19 | Fredy Lowe
    Pray that you will survive and come out on the short-lived-other-side possibly shaken, but with an entirely new resolve and commitment to be part of the physical work and prayers to truly Make America Great Again And, In the Category of Failed States…. ...The envelope please. Yes! The United States of America takes the Academy Award for officially becoming a Failed State. We must admit that Venezuela gave the USA a run for its money; and speaking of money, we recently reached the failure-milestone of $22 trillion dollars in debt. But, the coup de grâce came when former FBI Agent...
  • What To Do About Our Record National Debt? Anyone? Anyone? Bueller?

    02/21/2019 7:17:07 AM PST · by SeekAndFind · 35 replies
    Hotair ^ | 02/21/2019 | Andrew Malcolm
    While the news media and thus the country obsess over really important stuff like 30-year-old yearbook photos and details of an alleged phony hate crime, the United States’ national debt did not climb, nor inch, nor slide to a new record high the other day.The nation’s accumulating national debt soared through $22 Trillion. In fact, the amount that Americans owe others now resides north of $22.3 trillion, larger than the entire national economy.It’s not only growing because the country continues to blithely spend beyond its means. It’s growing because, to stem the growth of inflation, the Fed has raised...
  • As the national debt hits $22 trillion, these are the only people trying to cut spending

    02/16/2019 9:02:57 PM PST · by Tolerance Sucks Rocks · 69 replies
    The Washington Examiner ^ | February 15, 2019 | Jack Hunter
    The national debt hit $22 trillion this week. You won’t find many in either major party who think this is a healthy development. But isn’t part of the reason people vote Republican because that party presents itself as fiscally responsible compared to Democrats? For as long as the debt has grown, Republicans have been promising to stop it. Yet, in 1981 the national debt topped $1 trillion after former President Ronald Reagan’s first year. When former President George H.W. Bush left office in 1993, it was more than $4 trillion. His son, former President George W. Bush, would push it...
  • Interstate 4 builder's claim: 8-month delay and $100 million over budget

    02/08/2019 9:03:23 PM PST · by Tolerance Sucks Rocks · 7 replies
    The Orlando Sentinel ^ | July 12, 2018 | Kevin Spear
    Interstate 4’s overhaul will run eight months beyond a scheduled finish in early 2021 and $100 million over a $2.3 billion budget, according to a recent claim by the builder. Neither the builder, I-4 Mobility Partners, nor the state Department of Transportation previously had publicly disclosed a potential change in schedule or budget. Details first emerged from Moody’s Investors Service, with reports on I-4 Mobility’s financial footing. The state Department of Transportation issued a statement on Thursday, emphasizing that the I-4 Mobility Partners claim remains undetermined. “While the claim is being reviewed, construction activities are continuing and the contractor is...
  • Democrats Push Plan to Increase Social Security Benefits and Solvency

    02/03/2019 7:09:40 PM PST · by Theoria · 183 replies
    The New York Times ^ | 03 Feb 2019 | Robert Pear
    After years of Republican-led debate over how to pare back Social Security’s rising costs, Democrats are flipping the script with an ambitious plan to expand the New Deal-era social insurance program while making gradual changes to keep it solvent for the rest of the century. The Social Security 2100 Act, which was introduced this past week in the House and the Senate, represents a sea change after decades dominated by concern that aging baby boomers would bankrupt the government as they begin drawing benefits from Social Security and other entitlement programs. It would be the first major expansion of Social...
  • A Federal Shutdown Is an Annoyance — Interest on $22 Trillion in Debt Is a Problem

    01/26/2019 11:25:31 PM PST · by OddLane · 20 replies
    Cato Institute ^ | 1/25/19 | Alan Reynolds
    President Trump’s decision to shut down the government because Congress was supposedly spending $5.7 billion too little, rather than too much, was hardly a traditional budget priority for conservatives or libertarians. But the overheated partisan feud distracted attention from a much larger issue that made the shutdown possible — namely, that Congress has still not enacted a budget. And the budget the president proposed is too fat. When fiscal year 2019 began on Oct. 1, Congress had enacted only seven of the required twelve appropriations, and even departments among the seven did not have full-year appropriations. From Sept. 18 to...
  • Freedom Foundation: Boise ignores Idaho Constitution, residents burdened by debt

    01/21/2019 11:42:38 AM PST · by Twotone · 10 replies
    Idaho Freedom Foundation ^ | January 18, 2018 | IFF Staff
    Boise, ID—Today, the Idaho Freedom Foundation announced a lawsuit against the city of Boise regarding its abuse of the urban renewal process. The Idaho Freedom Foundation, the state’s leading voice for taxpayers, asserts that Boise is violating Idaho’s Constitution through urban renewal. The Idaho Constitution requires that local government entities receive a two-thirds endorsement from voters before taking on debt. IFF contends, constitutionally-required voter approval of new debt is avoided when Boise Mayor Dave Bieter and the city council use urban renewal mechanisms. IFF believes a recent example of a constitutional end-run occurred in December when city councilors approved the...
  • The screws tighten on China

    01/21/2019 6:40:16 AM PST · by SeekAndFind · 7 replies
    American Thinker ^ | 01/21/2019 | By Peter Skurkiss
    A quick survey of news from around the world show the screws are tightening on China. First, news broke that Chinese tech company Huawei is now likely to face a criminal probe for stealing trade secrets from T-Mobile. This case is the result of civil lawsuits files against Huawei, primarily one where a Seattle jury found the Chinese company guilty of misappropriating robotic technology from T-Mobile. Although the judgement was a modest $4.8 million, it set a precedent for the Justice Department to use Huawei's behavior that was previously outlined in civil lawsuits as a basis for possible criminal prosecution....
  • Could the Yellow Vests collapse the world’s debt-based economy and deal a death blow to globalism?

    01/17/2019 6:32:48 AM PST · by SleeperCatcher · 15 replies
    The National Sentinel ^ | 1/17/19 | J. D. Heyes
    After U.S. markets peaked in September nearly two years after Donald Trump’s victory came with the promise (and delivery) of pro-growth policies, investors got a scare in December when several factors combined with interest rate hikes by the Federal Reserve to drive down indexes. The Dow Jones, Nasdaq, and the S&P 500 all finished the year lower than they were in September. Worse, there are predictions that 2019 could hit markets harder. Bank of America just polled 234 panelists who manage more than $645 billion in investments where they think global growth is heading over the next 12 months, and...
  • Can Hollywood’s Biggest Media Companies Avoid Getting Crushed by Debt?

    01/15/2019 8:53:20 AM PST · by C19fan · 4 replies
    Variety ^ | January 15, 2019 | Cynthia Littleton and Brent Lang
    Randall Stephenson, AT&T’s chairman-CEO, summoned all of his folksy Oklahoma earnestness as he made an enthusiastic pitch to Wall Street analysts about the telephone company’s bold efforts to transform itself into a multimedia powerhouse. It was late November, less than six months after AT&T had wrapped up its $85 billion acquisition of Time Warner. But before Stephenson could wax poetic about his plans to revitalize HBO, Warner Bros. or other newly acquired AT&T subsidiaries, he felt compelled to address the elephant in the room. “If you hear nothing else this afternoon, I want you to hear me on this,” Stephenson...
  • How to Stop China's Debt-Trap March to World Domination: China effectively owns the major sea ports

    01/13/2019 10:11:51 AM PST · by SeekAndFind · 39 replies
    Townhall ^ | 01/13/2019 | George Mullen
    For those with their eyes open, China's long-term strategy to achieve worldwide domination is obvious. It is a basic strategy that has been used for millennia to subjugate others. It goes as follows: provide loans that are beyond the ability of a distressed or unsophisticated borrower to ever pay back; and when the borrower inevitably falls behind in the required debt-service payments, foreclose and seize the borrower's desirable assets and/or extract wanted concessions. It's called "debt-trapping." Predators have long used this strategy to turn poor people into indentured servants; payday lenders to get worker's paychecks; monopolies to crush competitors; mafiosos...
  • In Alabama city, residents are taking out personal loans just to get by

    01/11/2019 11:10:35 AM PST · by 11th_VA · 40 replies
    Market Watch ^ | Jan 11, 2019 12:20 p.m. ET
    ... That heavy reliance on federal spending has Huntsville residents wondering what will come next. Jack Lyons, a lifelong space geek who thought he’d hit the jackpot when he got a job as a contractor working on massive rocket test stands for NASA, is spending the furlough on his small side business making props for marching bands. A solid Republican voter until 2016, when he couldn’t bring himself to vote for Trump, he’s frustrated and saddened by what’s going on in Washington. “They’re trying to use people as bargaining chips, and it just isn’t right,” Lyons said. Unlike civil service...
  • Deutsche Bank to close almost 200 branches

    07/18/2016 5:50:13 PM PDT · by Olog-hai · 9 replies
    TheLocal.de ^ | 18 Jul 2016 09:04 GMT+02:00 | (DPA/The Local)
    Germany’s largest lender is set to shut over a quarter of its branches across the country as the company goes through a major restructuring process. The closures are set to take place over the next few months, with 188 of Deutsche Bank’s 723 branches nationwide due to close their doors. […] After recording colossal losses of around €7 billion in 2015, the Frankfurt lender is desperately seeking ways to cut costs. […] The bank said it hopes to redirect funds to digital banking, in which it hopes to invest €750 million by 2020. …