Yearly Archives: 2012
Student Loan Bubble
Nationwide student loan debt reached an all time high of one trillion dollars. It also reached an all time high in delinquency rates. Is this the next bubble? Here’s a Bloomberg story about a government plan to make automatic withdrawals from student loan debtors’ paychecks.
Making a List
Mitt Romney dropped by the White House for lunch last week. Later the president hit the campaign trail to promote tax hikes on the rich. During a rally at the Rodon Group plant in Hatfield Pennsylvania, Obama announced he was keeping a list of naughty and nice congressmen. The Naughty or Nice List isn’t to be confused with the his Enemies List of Republican campaign donors, or his Kill List.
Fiscal Cliff Clown Car
As for the Fiscal Cliff, the President’s latest position is tax hikes now spending cuts later. Krauthammer thinks Lee got a better offer than that at Appomattox.
About That Movie
None of the Benghazi attack terrorists has been captured. However, the guy who made that movie – the one Susan Rice now says did not cause the attack – is in jail. He’s in for violating his parole by using an alias while making the flick.
I would have used an alias too. The movie, “Innocence of Muslims”, is so bad it’s funny. It portrays Muhammad using the Quran as an excuse for murder, perversion, and mayhem. It reminded me of the Obama campaign video about Romney using capitalism to justify murdering a woman with cancer. The only difference is the president used his real name in that one and got re-elected.
Susan Rice said on Tuesday that she didn’t mean to mislead about the movie.
Location Location
U.S. taxpayers live in a bad neighborhood. Now the good neighbor, FHA, may be headed for a bail-out. FHA is $16 billion in the hole – we’re $16 trillion in the hole. How does that work?
