Bob’s Take

China and Japan continue to invest their surpluses in US government debt. Where else would they go?

Posts Tagged ‘National Debt’

China and Japan continue to invest their surpluses in US government debt. Where else would they go?
The real problem isn’t the fiscal cliff. In fact, it never was.
This won’t happen, of course. But it does provide a glimpse into the size of the abyss, and what it would take to get us across safely.

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I wonder when reality will set in?

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If this isn’t the tipping point, it’s awfully close.

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Polling is interesting in and of itself. And predictions for Tuesday are interesting, too. But neither means a whit if both candidates are cut from the same piece of cloth, which they are.

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There are none so blind as those who refuse to see.

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Behind this story is another more unsettling one: Congress is unwilling to grow a backbone and confront Obama and/or the issues of the day. That means that it is becoming more and more irrelevant as the Executive assumes more and more influence and control.

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Have you ever wondered how much we as taxpayers actually owe because of commitments politicians have made on our behalf? Turns out, the answer is not as simple as you might think. John C. Goodman has discovered how hard it is to make sense of the (often) nonsense parading as government statistics, especially concerning who owes [...]

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Neither Stockman nor Ryan really grasp the immensity of the economic and financial disaster facing us.

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