Tag: Debt

Member Post

 

I thought, in the aftermath of last quarter’s 2.9% GDP contraction, that reprinting what Franklin Roosevelt’s Treasury Secretary had to say about the profligate spending and debt of that Progressive President in his own attempt to spend and borrow our country out of a very serious economic dislocation would be á propos. Henry Morgenthau had […]

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Nest Full of Freeloaders

 

shutterstock_133642829If you’ve got a son or daughter who just graduated from college, this may not be news to you. From CNBC:

Half of recent graduates ages 23 to 26 rely on financial support from their families to meet their current needs, according to new data from the Arizona Pathways to Life Success study.

Okay, so here’s the question: is this generation genuinely plagued by a different kind of economy, or are they just lazy and entitled? It would be nice to think, in a way, that it’s the latter. A little dose of reality can jump-start a lazybones. But the study suggests that it’s systemic:

Member Post

 

Our government’s unfunded liabilities outstrip the combined wealth of the entire world. Yet, every day, politicians in Washington fret over millions here while spending billions there. They talk of bringing little programs in line while exploding the budgets of larger programs. Do you believe they are sincere when politicians propose “saving money” by reducing student […]

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Member Post

 

To look at her carefully curated Instagram feed, designer L’Wren Scott was a 1-percenter, a gold-plated member of the international elite: There she was on vacation in India with boyfriend Mick Jagger; at his retreat on the island of Mustique; about to board a chartered helicopter; lounging poolside in gold jewelry and designer sunglasses; stretched […]

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