It seems a lot of the right is gaga over Rick Perry and his entering the 2012 race. The media is working hard to talk him up and he will most likely become the front runner at a pretty rapid pace. So what do we know about Rick Perry? Unless you live in Texas or […]

This right here is a big doozy when it comes to the hypocrisy of Tea Party politicians: Tea Party aligned Georgia Rep. Tom Graves (R), who castigates Washington for fiscal irresponsibility, reached an out of court settlement Wednesday after he was sued for defaulting on a $2.2 million loan — which his attorney argued is […]

Rick Scott, another darling of the Tea Party, gets some really cheap health care: Gov. Rick Scott, a critic of the federal health care overhaul, is paying less than $400 a year for health insurance for himself and his wife. While Scott is accepting no salary for his job as governor, the multimillionaire and former […]

Apparently a majority of Americans. In 23 polls conducted asking if tax hikes should also be included to help reduce the deficit, a vast majority said “yes”. An average of 65 percent of respondents to be exact. That’s almost 2/3 of this country. The responses ranged from 56%-76%, with the low number being attributed to […]

When the S&P downgraded our credit rating last Friday one of the reasons they gave was the inability of Congress to raise revenues, IE tax increases. That’s rather interesting given the Republican front-runner’s handling of credit ratings in the past: Gov. Mitt Romney lobbied the credit ratings agency Standard & Poor’s in 2004 to raise […]

Yesterday’s big sell off wasn’t due to the recent down-grading of the U.S. credit rating. Sure it played a very minor part in it, but if you look at the markets yesterday there is something very interesting the sticks out. Investors still rushed to buy treasury bonds, which drove the 10 year interest rate below […]

There is no doubt that the Tea Party has become hell bent on destroying America. Proof of that can be seen in this video from Wisconsin, where members of the Tea Party Express cheered the downgrade of the United States credit rating: Yes, let’s cheer on something that can cost our nation an additional $100 […]

Tonight Standard and Poors reduced the credit rating of the Untied States from AAA to AA+. Their main reasoning (see report here – PDF) is that our spending is still high and we are not increasing revenue. As matter of fact the report really unleashes on the revenue part: Compared with previous projections, our revised […]

A new poll by the New York Times finds very bad news for Congress: A record 82 percent of Americans now disapprove of the way Congress is handling its job — the most since The Times first began asking the question in 1977, and even more than after another political stalemate led to a shutdown […]

Signs are pointing to us entering the dreaded double-dip recession: Friday’s news on GDP shows the double dip has arrived — an expansion of only 1.3 percent and consumer spending up 0.1 percent in the second quarter. Astonishingly low by any account. The debt ceiling trouble and lack of a longer term resolution to the […]