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#TheNorthman
Layman’s Guide to the US Debt Ceiling Crisis
The ongoing ‘discussions’ or rather political point scoring for raising or not raising the US Debt ceiling, is not doing the US economy or the world much good at the moment. Increasingly the US economy appears to be jittery, the people are in limbo and some have already lost their jobs as reported in today’s news. So what exactly is the ‘debt ceiling’?
Debt Ceiling Affects Everyone’s PocketbookThe debt ceiling vote taking place in the United States is very important, and will affect everyone. If we don’t raise the debt ceiling our interest rates will go up, and everything will become more expensive. This article explains the history of the debt ceiling and how it affects us today.
Government Figures on Rising Health Care Costs UnrealisticThe Obama Administration promised us that ObamaCare would lower Medicare costs, provide health insurance for everyone, and fix our health care system in the United States. Obviously, it has done none of that, and we see that health care costs have increased 8% per year since Obama took office, with no end in sight on that graph. There was an interesting article recently in Positive Futurist Online News titled; “Medical advances predicted for next 20 years will lower health costs,” written by Dick Pelletier which noted; “The US Congressional Budget Office predicts health spending will rise from…
Conspiracy Theories on US Debt Downgrade ConsideredWell, it looks as if Standard & Poor’s has downgraded the US debt, as they promised they might. Although this is only one major credit rating agency, it is a significant event, as it is the first time that a credit rating agency has lowered US debt in the history of our country (credit ratings for US Treasuries have been graded since 1917). Indeed such a major event as this also causes conspiracy theorists to come out of the woodwork, and put in their two cents.
Why QE2 Failed: The Money All Went OffshoreDescribes why Banks have not been lending and what they have been doing with all the QE1 & QE2 money which the FED provided them. Offers solutions to bringing down the national debt and fixing the economy.