A place for civil discussion of the events of the day for Tidewater residents without the limitations imposed by media forums.
“GSO Capital Partners, a unit of Blackstone Group LP, agreed to lend money to Hovnanian on the condition that the company default on a small portion of its bonds, in an effort to trigger a payout on credit-default swaps.”
The financial sector is huge, accounting for 20% of GDP.
Continue reading “And people wonder why some sour on American capitalism”
Playhouse for the grandkids, a better use of my time than politics.
I love conspiracy theories. This one is actually Great.
During the Obama administration we managed to take a $1.4 Trillion deficit to around $600 Billion by the time the Trump regime took power.
Continue reading “Trump budget classic GOP agenda of “borrow and spend””
Today’s Review & Outlook column in the Wall Street Journal reports: “CBO says in its latest monthly budget review that individual income-tax withholding and payroll tax receipts rose 5% in February from a year earlier, while income-tax refunds fell 13%. The year-over-year increase is important because we are now getting the comparative results for the time period in which tax reform has been fully implemented. Tax receipts from rising incomes appear to have offset lower receipts from the cut in tax rates and 100% business expensing. The February revenue rise outstripped even a 7.3% spending increase from a year earlier, so the deficit declined by $12 billion in the month.”
A headline at Brietbart captures a story elsewhere reported (but not yet at The Pilot): “Nancy Pelosi Rules Out Impeachment: Trump ‘Just Not Worth It'”
Sounds smart to me, but will CNN and MSNBC go along? Will AOC?
https://pilotonline.com/opinion/editorial/article_47e2ff9a-4141-11e9-a20f-af82e6495b53.html
The editors ask a dumb question:
“For one thing, is it really cost efficient to get only half the expected life from an expensive carrier, just because the government doesn’t want to pay for its planned maintenance?”
https://www.nationalreview.com/2019/03/medicare-for-all-plan-authoritarian/
“Obamacare failed. There is no denying it anymore. The supposed ‘signature achievement’ of the 44th president isn’t just opposed by Republicans. The Affordable Care Act has now been jilted also by many Democrats, who, like so modern-day Lotharios, have abandoned their once-burning ardor for state insurance exchanges to pursue ‘single-payer’ health care.”
“At some level, you have to give House Democrats some credit for ambition. They may have just sent to the Senate the most comprehensively unconstitutional bill in modern American history.”
https://www.heritage.org/voterfraud
“The Heritage Foundation’s Election Fraud Database presents a sampling of proven instances of election fraud from across the country. This database is not an exhaustive or comprehensive list, but is intended to demonstrate the many ways in which fraud is committed. Preventing, deterring, and prosecuting election fraud is essential to protecting the integrity of our voting process.”
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