That’s Latin for “the war against all”. This is a bit of a repeat but since we are $17 trillion in debt and have almost $127 trillion in unfunded liabilities. Thomas Jefferson had this to say about elected officials and the accumulation of public debt: I have thrown out these as loose heads of amendment,…
LESSONS IN LOGIC: Obama Lies About Government Defaulting Once again, this is not meant to attack a political Party. Nor is it meant to be unnecessarily inflammatory. It’s just that I try to use language accurately, and the term for when someone deliberately tells a falsehood – especially to achieve a goal or advance an…
Lessons In Economics All the perplexities, confusion and distress in America arise not from defects in their Constitution or Confederation, nor from want of honor or virtue, so much as downright ignorance of the nature of coin, credit, and circulation. – John Adams Our founders believed that educating the common citizen about the…
Now for something completely different…. Well not really. You see we have all been here before. For the last 3 years in the late summer as kids go back to school and parents around the Nation rejoices there is a little bit of theater that goes on being played out in the Nation’s Capitol. It…
Remember back when as part of the deal to raise the Nation’s Credit Debit ceiling a “Select Bi-partisan Committee” was formed to work out a deal to find a way reduce the deficit and balance the federal government budget. Well as was planned the members of this committee could not and were never going to…
No debate, he says. We must pay the bills we have incurred, he says: Treasury Secretary Jack Lew on Friday urged congressional leaders to raise the debt limit and insisted that the White House is not going to negotiate over the increase because lawmakers have “no choice.” “We will not negotiate over the debt limit,”…
Have you seen this story? Fed: Yeah, We’re Not Ending Our Easy-Money Policies Anytime Soon Do you understand what this means to you and I? The policy of just printing and/or digitizing money for the purposes of propping up the economy will lead to inflation. In fact, it already has: Inflation growth seen at 6.62%…
Forgive me a random post in the middle of my self-imposed exile but after reading Squatch’s post about the unseriousness of our elite leaders, I couldn’t resist. In the vein of the old philosophical question – if a tree falls in a forest and there is nobody there to hear it, does it make a sound?…
The last several years have been filled with rhetoric and discussion about the financial straits we find ourselves in. Yet in the recent SOTU speech, the President called for more spending even though he says that none of his proposals would raise the deficit by “one dime”. I would propose that his statement was accurate – because…
Yeah, right! Would somebody tell that re-hashed Marxist intellectual want-to-be that:
For a group of “geniuses” calling themselves “Progressives,” these idiots sure seem to be stuck on re-runs of failed ideas.
Any questions?
OK, I am setting all partisan politics aside and putting my philosopher/logic hat firmly in place for this post. Nothing that follows is intended to be satire, hyperbole or partisan politics. This post is based purely in logic and right reason applied to observed reality. The subject is the collective break with objective reality (otherwise…
Have you seen this story? IRS: Cheapest Obamacare Plan Will Be $20,000 Per Family (CNSNews.com) – In a final regulation issued Wednesday, the Internal Revenue Service (IRS) assumed that under Obamacare the cheapest health insurance plan available in 2016 for a family will cost $20,000 for the year. OK, I have a plan, but first,…
Well here is the deal that Joe Biden and the U.S. Senate sent to the “People’s House” Income tax rates: Extends tax cuts on incomes up to $400,000 for individuals, $450,000 for couples. Earnings above those amounts would be taxed at a rate of 39.6%, up from the current 35%. Extends Clinton-era caps on itemized deductions…
UPDATE…… Joe Biden has saved us. The Senate and the White House have come to an agreement to keep us from cliff diving. Well it has become quite apparent that those in Washington D.C. are going to take the Nation over the “fiscal cliff”. And as usual they are rank amateurs at this task as well. But as I…
This really shouldn’t need to be explained – not in a nation whose business was once business – but, sadly, it would appear that it does need to be explained. So, if the majority of the RNL audience will just indulge me as I cover some basic concepts they already understand, I will try to…
Drudge had this story titled right: Tax Now: Cut Later And we all go: [Note to those who do not get it: the girls = tax and spenders; cops = the fiscally responsible. Neither have anything to do with Party affiliation or even ideology.]
That title is exactly what the people in this story are doing: asking someone who holds an ideology that has NEVER been economically successful for advice on how to solve our current fiscal problems. The communist’s answer: we’re not broke, the rich still have money! This is another post in your continuing education on how…
I spend a great deal of time on the RNL trying to show people how seemingly unrelated stories are not connected. If I have managed to do any good in all my time here, then I shouldn’t need to connect the dots for you on these two stories: Argentina ship in Ghana seized over loans…
The Rio Norte Line 
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