Thursday, December 19, 2013
Tuesday, December 3, 2013
Sunday, December 1, 2013
Wednesday, November 27, 2013
Tuesday, November 12, 2013
Friday, November 1, 2013
Monday, October 28, 2013
Sunday, October 20, 2013
Friday, October 18, 2013
Thursday, October 10, 2013
On Oct 10, 2013, at 9:47 AM, "<larry.r.trout@> wrote:
'gnore what you hear and read in the news. The federal government actually reached the legal debt ceiling about four months ago. Since then, the government has been financing its monthly budget deficit by stealing/borrowing money from other government funds, like the federal government employees' pension fund. In about two weeks, the government will run out of tricks to keep operating as if nothing has happened. If the debt ceiling is not raised by then, the government has to balance its budget.
That's right. As much as the politicians and news media have tried to convince you that the world will end without a debt ceiling increase, it is simply not true. The federal debt ceiling sets a legal limit for how much money the federal government can borrow. In other words, it places an upper limit on the national debt. It is like the credit limit on the government's gold card.
Reaching the debt ceiling does not mean that the government will default on the outstanding government debt. In fact, the U.S. Constitution forbids defaulting on the debt (14th Amendment, Section 4), so the government is not allowed to default even if it wanted to.
In reality, if the debt ceiling is not raised in the next two weeks, the government will actually have to prioritize its expenses and keep its monthly, weekly, and daily spending under the revenue the government collects. In simple terms, the government would have to spend an amount less than or equal to what it earns. Just like ordinary Americans have to do in their everyday lives.
Once the reality of what hitting the debt ceiling means is understood, the important question is: can the government actually live with a balanced budget? How much money could it spend? Could enough spending be cut to live within a balanced budget? The answer is yes, the federal government could live with a balanced budget. Below I will show you precisely how.'
Sunday, October 6, 2013
Friday, October 4, 2013
On Oct 4, 2013, at 11:56 AM, "Trout, Larry R wrote:
Tuesday, September 17, 2013
The Lion King (1994 movie & Broadway musical): In The Lion King, after Simba takes back the crown, how does he bring prosperity and life back to Pride Rock? - Quora
Monday, August 26, 2013
Thursday, July 25, 2013
Wednesday, July 17, 2013
Among Bernanke's other concerns are the abrupt, across-the-board spending cuts that went into effect in March.
"I think fiscal policy is focusing a bit too much on the short run and not enough on the long run," he said.
Wednesday, July 10, 2013
Tuesday, June 25, 2013
Huntington Ingalls and L3 really are pure plays, and both of them have been performing nicely despite the downturn in defense spending. But Huntington Ingalls is all about warships, so companies would have to be comfortable with shipbuilding to buy it. Northrop Grumman owned the operation for a decade before giving up on trying to make it perform like the company’s other units. L3 would probably be an easier fit for companies that are already in the military electronics business, but it’s just about the biggest of the mid-tiers. In fact, Byron Callan of Capital Alpha Partners rates it as a first-tier player, even though its market cap is less than $8 billion.