Tag Archives: gdp

does this make me alarmist? maybe . . .

By mitchell b powell | Published: 1628, 8th April, 2010
The nation of Greece is currently at the center of a debt meltdown due to its ridiculously high spending habits in the past.  Thanks to out-of-control spending, the Greek national debt has climbed to about 113% of GDP.  A result of that is that investors consider Greek debt more risky, and are only willing to [...]
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on the recent house bill, socialism, etc.

By mitchell b powell | Published: 1347, 22nd March, 2010
As most likely all of you know, there was a very significant healthcare bill passed yesterday.  A friend of mine went so far as to say (via facebook), Hurray, the United States government just declared the Church is officially off the hook in regards to the care of the sick and infirm. Now all we [...]
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on government spending and the economy

By mitchell b powell | Published: 1731, 29th January, 2010
The story that started this train of thought is here. It’s a review of something that happened over 50 years ago, but it’s vitally relevant to us today, especially in light of what is going on with U.S. spending right now.  The basic issue has to do with the question of whether the U.S. needs [...]
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