Thursday, October 9, 2008

my buddy Kevin suggests some links on "Tax and Spend Liberals -or- Tax, Spend, and Whine Conservatives?"

Try Charles Wheelan's writings...

http://finance.yahoo.com/expert/archive/economist/charles-wheelan/1

My favorite of his being (the one that made me start paying attention to his writings - is this one from August, back before the Wallstreet bomb)...

http://finance.yahoo.com/expert/article/economist/98587

* This does not include the potential $3Trillion just spent due to the financial crisis if things go south (thus potential). In other words the FedDeficit (as of this week) has the potential to "exceed" the current "total Fed Income" and that doesn't include projections of reduced Fed-Tax income. So at this point in time the Fed's potential liabilities exceed the entire income of the Fed Government for a year. To say that is a drop in the bucket is hardly something to swallow.

There are no Republican fiscal hawks anymore, that roll is now filled by my new buds - the Blue Dog Democrats. The Republicans are just about running the government like the Pharasee's did, moral issues for everyone but themselves / budgets be damned, we're not in debt. Evil Republicans, and even more evil is the AARP.

 

This one is so-so...

http://finance.yahoo.com/expert/article/economist/108425

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