Before I even realized it, WordPress tells me that this is our 1,300th blog post here!
So, while I am not a believer in triskaidekaphobia, except maybe on Monday the 13th (Mondays are worse than Fridays, therefore Monday the 13th is worse than Friday the 13th), I’d like to see if I can stave off any bad luck by taking this opportunity to thank all my co-bloggers, and our readers, for helping us hit this milestone.
There’s lots more blogging to come… stay tuned!
Sarah Palin seems to have the right idea on the debt limit deal (emphasis in original):
Former Alaska Gov. Sarah Palin said Monday’s House vote to lift the debt ceiling was a victory for the tea party, proving that conservative activists had shifted the conversation in Washington.
Brought to you by the big spenders in both parties, but especially the Democratic Party (which presided over the so-called stimulus and ObamaCare), including the Spender-in-Chief in the White House, the US is officially underwater:
US debt shot up $238 billion to reach 100 percent of gross domestic project after the government’s debt ceiling was lifted, Treasury figures showed Wednesday.
Clinton Treasury Secretary and Obama economic adviser Lawrence Summers sees a dim future on our present course…
On the current policy path, it would be surprising if growth were rapid enough to reduce unemployment even to 8.5 percent by the end of 2012. A substantial withdrawal of fiscal stimulus will occur when the payroll tax cuts expire at the end of the year. With growth at less than 1 percent in the first half of this year, the economy is effectively at a stall and facing the prospects of shocks from a European financial crisis that is decidedly not under control, spikes in oil prices and declines in business and household confidence. The indicators suggest that the economy has at least a 1-in-3 chance of falling back into recession if nothing new is done to raise demand and spur growth.