Posts Tagged ‘debt’

U.S. unfunded liabilities really more than $200 trillion

Monday, November 11th, 2013
debt, obama, Christo Komarnitski, cagle, Nov. 11, 2013

In the past I've written here about the U.S. federal budget not being $17 trillion in the red, but more than $200 trillion (with a "t"). The calculations come not from some right-wing activist, but from Prof. Laurence Kotlikoff, a professor of economics at Boston University and a research associate ...

Train agency ‘raids’ CalPERS for exec talent: Oy vey!

Wednesday, March 6th, 2013

March 6, 2013 By Chris Reed When the press release came out Monday that the California High-Speed Rail Authority had recruited a top executive away from the California Public Employees' Retirement System, a Tweet from former Los Angeles Times journo Joe Mathews asked me if my head had exploded. A...

CA GOP Convention delegates urge retired congressmen to help party’s finances

Saturday, March 2nd, 2013

March 2, 2013 By John Hrabe SACRAMENTO -- Meeting in the state capital this weekend for its spring convention, the California Republican Party is deep in the red. The party’s debt problems are so bad it’s not even clear how much money it owes creditors. The Sacramento Bee reported the tab c...

Explaining Obama

Thursday, September 6th, 2012

Sept. 6, 2012 By John Seiler I'm looking forward to President Obama's acceptance speech tonight. I'm not a fan of his policies. But for all I pay for our Brobdingnagian Government, the least I can get is the entertainment of a well-delivered political speech by one of my tax-stuffed "servants." Bi...

Video: Mugged by economics: Andrew Malcolm on America’s staggering debt

Wednesday, September 5th, 2012
Video: Mugged by economics: Andrew Malcolm on America’s staggering debt

Sept. 5, 2012 By Brian Calle Here's my interview with Investor's Business Daily financial writer Andrew Malcolm. It's on America's staggering debt and the economic situation. ...

Video: Interview with Steve Forbes on America’s fiscal cliff

Monday, August 13th, 2012
Video: Interview with Steve Forbes on America’s fiscal cliff

Aug. 13, 2012 By Brian Calle This is the second part of my interview with Steve Forbes, the owner of Forbes magazine and a former presidential candidate. He comments on America heading over a fiscal cliff. ...

Student loan slavery

Friday, July 6th, 2012

July 6, 2012 By John Seiler I tell youngsters all the time: Don't go into debt for college! Not that they listen to me, any more than I listened to my elders when I was their age. At least when I was in college, 1973-77, college debt was almost unheard of, so we couldn't commit that folly. And ex...

American Dream Goin’ South

Monday, May 21st, 2012
American Dream Goin’ South

May 22, 2012 By John Seiler People naturally move from depressed countries to thriving countries. That's especially true when travel between the two countries is easy, as it is between the United States and Mexico. Because so many Mexicans have come to the United States, pressures have risen to g...

Greece suffers California’s future

Tuesday, May 1st, 2012

May 1, 2012 By John Seiler Greece is leading the way for California -- off a cliff. The two polities are similar: beautiful mediterranean climate, creative people, massively powerful government-worker unions, busted budgets, impending bankruptcy. Greece is just a little ahead of California. The l...

Brown Debt Gimmicks 'Balance' Budget

Tuesday, June 14th, 2011

JUNE 14, 2011 By WAYNE LUSVARDI Most knowledgeable people realize that California’s debt emperor has no clothes. Even if the mainstream newspaper media continue to clothe the emperor in the robes of an all-wise Buddhist monk who has taken a vow of poverty. The good news is that California is ...