CHART: Ten Years, Ten Increases In The Debt Ceiling

A 2nd chart we posted last week...

Comments

[DailyBail]

Daily Presidential Tracking Poll

Tuesday, April 12, 2011

http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll

[DailyBail]

US marks 150th anniversary of start of Civil War

http://www.activistpost.com/2011/04/us-marks-150th-anniversary-of-start-of.html

[DailyBail]

Pakistan tells US to cut CIA, special forces numbers: report

http://www.activistpost.com/2011/04/pakistan-tells-us-to-cut-cia-special.html

[john]

Video: Simon Johnson At "Bretton Woods"

http://market-ticker.org/akcs-www?post=184053

Excellent video especially the part about Larry Summers 'omission'.....

[DailyBail]

Thanks john...

[john]

I would like to add this....

Larry Summers: No Regrets on Deregulation

http://curiouscapitalist.blogs.time.com/2011/04/12/larry-summers-no-regrets-on-deregulation/

[snip]


Of course, one of the other big questions was what, if anything, Summers would have done differently in terms of regulating the banking system. The answer – not much. “I've been more cautious than many about constraining financial innovation,” he said, adding that he didn't believe the financial crisis had its roots in “new-fangled financial instruments” but rather in a simple real estate bubble. Hmmm—tell that to Iceland.

[theo]

The addiction to deficit spending by the traitorous whores in CONgress absolutely positively cannot be brought under control. That would be like having cocaine addicts guarding the evidence lockers and expecting them not to touch it. Threaten Social Security? The Magic Man just lost a MASSIVE voting block not to mention violating a number of US Statutes, the most recently enacted being provisions of the Patriot Act itself. CONgresswhores don't care because they have private pensions with AIG who was among the fist 'too big to fail' to be bailed out.
2.3 TRILLION dollars 'unaccounted for' at the Pentagon on 9/10/2001 and it has only gotten worse with increased military spending and fraud and STILL the same crimminal accounting lapses are allowed.

[Canuck]

This makes me think of friends of mine, a couple I've known for almost 20 years. They started out with a trailer on a nice couple of acres and 5 figure mortgage. Both have good jobs, secure jobs. Then they started spending. Snowmobiles, quads, campers, trips, new vehicles, credit cards maxxed out endlessly. Refi the house keep spending. Today they owe triple the original mortgage and have no hope of paying it off but last week they went and bought a $15k RZR. How is this sort of irresponsible spending different from the gov and why should the outcomes differ? (a rhetorical question) Eventually, if not already, they will reach the point where the bank will no longer lend them money, their toys are worthless in terms of what is owed on them and they can only pray their pensions are adequate which they won't be. I feel sad, I tried to tell them, but ... :shrug:

[DailyBail]

there's a lot of that out there canuck...you make a very good point...