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Earl Aagaard’s opinions about everything that interests him. Og also enjoys gardening, travel, reading, woodbutchery, and lots of other stuff.

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Economics

Thursday, March 05, 2009

WHAT DOES A TRILLION DOLLARS LOOK LIKE?

I don’t think ANY of us really know what a trillion means…..despite the fact that the number is being thrown around with abandon, these days.  I remember when a $400,000,000,000.00 (four hundred billion dollars) was an UNCONSIONABLE deficit…..but that was a long time ago - back when a Republican was in the White House.  Now, the government can commit to spending well over one trillion dollars it doesn’t have (meaning it will borrow or print the money), and (almost) everyone is cheering. 

Anyhow, thanks to Jonah Goldberg at THE CORNER, I’ve been to a website where one can see in a very graphic fashion the full reality of $1,000,000,000,000.00 (one trillion dollars).  Get ready, because it’s a little bit shocking.  OK…..(I’m not making this up).....(don’t say I didn’t warn you)........HERE IT IS.

Posted by Earl on 03/05 at 12:32 PM
Miscellany • Funny (strange?) Stuff • Politics • Domestic • Government Outrage • Economics •

Monday, March 02, 2009

SO, WHAT DO YOU ACTUALLY KNOW ABOUT “CAP and TRADE”?  HERE’S ALL YOU *NEED* TO KNOW…..

.....and STRAIGHT from the horse’s mouth!
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So, what’s the matter with you?  Isn’t a “skyrocketing” cost for heating your home JUST what you need right now?  But, your nation is in danger!!  Don’t you think you should sacrifice?
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Bad news…..you may not get a choice, because of the election results last November.  Hope you aren’t feeling like a sucker!

Posted by Earl on 03/02 at 10:05 PM
Politics • Domestic • Economics •

Saturday, February 28, 2009

IN CASE YOU’RE WONDERING WHY THE NEW YORK TIMES IS LOSING READERSHIP AND MAY GO UNDER…..

Have a look at JOHN HINDERAKER’S ANALYSIS over at the blog called POWERLINE.
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In this blog post, he compares the Times’ reactions to GW Bush’s budget proposals back in 2004, and the analysis they applied at that time, to what is being said about the current spending plans in Washington D.C. 
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Here’s a short excerpt:
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NYT, September 2, 2003:

      The White House serenely brushed off a detailed caution from the Congressional Budget Office last week that the growth in the deficit is more likely to roar than retreat across the next decade, fed
      by the three Bush tax cuts and other debt-fattening indulgences. If that warning was not enough, how about the concern reported at the International Monetary Fund that the administration has no
      credible plan to restore budget balance? Yes, the I.M.F., which must lecture the profligates of the globe, is worried that a structural deficit will push up interest rates and restrain growth as America
      ceaselessly borrows to steer red ink from imbalanced budgets onto future taxpayers.

Now that his planned deficits are four times larger, does Obama’s budget contain “debt-fattening indulgences?“ Has the Times denounced them? Does the Obama administration have a “credible plan to restore budget balance?“ Given that Obama’s intended budgets—put aside how optimistic his numbers may be—far exceed the actual deficits during the Bush administration, is the Times still “worried that a structural deficit will push up interest rates and restrain growth as America ceaselessly borrows to steer red ink from imbalanced budgets onto future taxpayers?“ If not, why not?

READ THE WHOLE THING

Posted by Earl on 02/28 at 10:19 PM
Politics • Domestic • Economics • Media Bias •

Saturday, February 21, 2009

RICK SANTELLI SPEAKS FOR EVERYONE WHO FAITHFULLY PAYS ON A MORTGAGE FOR A HOUSE HE CAN AFFORD….

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Posted by Earl on 02/21 at 07:30 PM
Politics • Domestic • Government Outrage • Economics •

Saturday, February 14, 2009

ARE YOU WONDERING ABOUT “PORKAPALOOZA”, AKA “THE STIMULUS BILL”?

REASON MAGAZINE has an analysis, including a big list of projects that made it into the bill - that OUGHT to make your blood boil.
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It’s a terrible bill, in other words, both on its face and in the details. For the reasons I detailed HERE, it won’t stimulate the economy. It violates many of President Obama’s promises. Most of the deals that created it were made behind closed doors, meaning that there is virtually zero transparency and no real way to track where, how, or why money is being spent. On top of that, the bill is still packed with items that any vaguely impartial observer would call pork.

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. READ THE WHOLE THING…..and weep for our children and grandchildren, who will be paying for our lack of restraint for many decades.

Posted by Earl on 02/14 at 08:13 PM
Politics • Domestic • Healthcare • Government Outrage • Economics •

Saturday, December 06, 2008

AMERICAN ASSOCIATION OF RETIRED PEOPLE RIPS OFF SENIORS…..

Arthur Laupus joined AARP because he thought the nonprofit senior-citizen-advocacy group would make his retirement years easier. He signed up for an auto insurance policy endorsed by AARP, believing the advertising that said he would save money….When Laupus…compared his car insurance rate with a dozen other companies, he found he was paying twice the average. ....Laupus stumbled onto something that many members of the world’s largest seniors’ organization don’t know: The group, formerly called American Association of Retired Persons, collects hundreds of millions of dollars annually from insurers who pay for AARP’s endorsement of their policies.(emphasis added)

So what, you ask?  They need the money for all the good things they do for seniors, you say?

Continue reading

Posted by Earl on 12/06 at 07:20 PM
Miscellany • Politics • Domestic • Healthcare • Economics • (0) Comments •

Tuesday, November 11, 2008

IS IT LEGITIMATE TO RECORD CAMPAIGN PROMISES MADE BY POLITICIANS?  EVEN IF IT’S OBAMA?

Because that’s what those nasty guys at INVESTOR’S BUSINESS DAILY EDITORIALS have done…...for shame! 
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Few presidential candidates have made more specific promises to American voters than Barack Obama. They came so fast and furious in the latter part of the campaign, you’d be excused for not keeping up. So as a public service, we’ve put together a handy checklist of some of the biggest Obama promises — culled from his “Blueprint for Change,“ his campaign speeches and advertisements. Clip it. Save it. And see how he did in four years.

Continue reading

Posted by Earl on 11/11 at 08:04 PM
Politics • Domestic • Healthcare • Economics • Iraq • Second Amendment • (8) Comments •
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