Debt

When is the bill going to be called in?  

I put the National Debt Clock on my blog; to remind me that making bills; means you have to pay them sometime.  

Palin and Global warming.

I have had a hard time watching the debate tonight.  The Vice-presidental debate is a way to see how the person, that could become president, thinks.

It disturbs me watching Palin.  I used to live in the state where she is Governor.  I went to University of Alaska Anchorage, and got a great education.  But that is my history, so I should get to the point.

How can this woman say global warming is not caused by man.  A study by the University of Alaska Fairbanks has proven that the permafrost, a layer of ice under the tundra, has been melting; with this melting bacteria have been released creating more CO2 increasing the global warming problem.  

The permafrost could not be melting without the initial burning of CO2 producing fossil fuels.  She lives in the state currently doing these studies.  

How can she not know or read about what is happening?  How could she be so dismissive?

The only answer I can think of is that since she benefits from having fossil fuels burned.  She has ignored the obvious.  It is not lucrative to think global warming is caused by man. 

I stopped watching, Biden was doing a great job.  I will write more tomorrow.

 

Senate passed the spending bill

I was wrong.  I guess congress found someone to buy the Treasury bonds to pay for 850 billion bill that past the Senate last night.  I don't mind being wrong.  What I do mind is that my children will be paying back the money with interest later.  MY grandchildren will be paying off this debt.

The 850 Billion is not the only debt this country has, Social Security is not doing well.  That program keeps many elderly in a living situation below their standard of living.  But those individuals don't work and some did not save for retirement.  

I hope the Congress does not pass that spending bill.  I know they will.  Especially with the tax cuts that were added.  I guess borrowing money and cutting taxes is just the American way now.

Senate Vote

The verdict is not in... will the American public be forced to pay to get more credit?  

I do not know.  The bill now is longer with more "stuff".  The American Public is waiting to see what happens. I am too.

I see that during this crisis there is abundant non-panic.  The apathy of the situation is staggering. I went out to eat last night and the restaurant was full.

Where is empty business's?  Where is the hoarding of wealth?  When will it start with the markets in such fluctuation?

This is supposed to be the biggest drop in the market.  The market holds the money of so many pension funds.  But people are just living their live not caring.  

I know I will post tomorrow.  If the vote happens or fails. To be continued....

A "Bailout Failure" Hypothesis

Here is a thought, the "bailout failed" due to a lack of credit for the Federal Government.  That the Republican held congress until two years ago, borrowed, borrowed, borrowed to be able to cut taxes for their buddies.

The congress stalled for a week to pass the legislation because they were looking for a place to borrow more money.  When it came up empty, nobody wants to risk money even on the US Government, they put on a show.