Tag Archives: federal government

We keep bleeding money

By mitchell b powell | Published: 1358, 14th June, 2010
It’s the opinion of this guy that our banking system cannot sustain its current path, and that the only way out is the US Federal Government defaulting on some of its obligations.  The statistics show an utterly out-of-control debt and no sign of letting up on our incredible deficit spending.  Our debt is currently at [...]
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stuff in the news

By mitchell b powell | Published: 2006, 13th May, 2010
This is my best effort to separate the fluff in the news from the genuine news: The state of Hawaii passed a law just for Barack Obama,which allows the state to just ignore requests for his birth certificate.  Which is good, because up to this point they’ve kept sending rejection letters at taxpayer expense to [...]
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sloppy state apologist of the day: robert crusnoe

By mitchell b powell | Published: 1355, 28th April, 2010
(Hat Tip:  Jim Fedako) The vast majority of professional academics owe their placement in positions of intellectual authority to government intervention in one way or another.  Firstly, they are given official titles like PhD. which are state-granted titles.  That is, the US government, through its accreditation system, legally decides which institutions may grant PhD‘s thus [...]
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Misconceptions of the day: our 55 trillion national debt is pretty much held by China

By mitchell b powell | Published: 1442, 5th April, 2010
Our national debt is a subject of great controversy and fuzzy facts on all sides. I’d like to address two claims: that the national debt is equal to $55 trillion dollars, and our national debt consists of loans from the Chinese who covertly own our economy. Related Posts:now watch the five-year treasurygold at 1740our downhill [...]
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