Texas GOP Vote

Robert Romano discusses the Keynesian Paradox in this article, quoting:

The threat of a double-dip recession is real, but it should not be cause for more government “stimulus,” deficit-spending, bailouts, and low-interest monetary easing. The primary reason for the current market downturn is unacceptably high levels of sovereign debt and spending in Europe, the U.S., Japan, and elsewhere.

The following press release was sent in from GOP candidate Bryan Underwood's campaign:

Friday Bryan Underwood, Republican candidate for Texas’ 28th Congressional District, called on Congress to implement comprehensive spending reform.

Mr. Underwood made the call in response to the Federal Government’s continued out-of–control spending and last week’s announcement that the government’s spending in April was nearly four times higher than April 2009.   Read more »

Greece is bankrupt.

European Union nations are leading a bailout of that government in an attempt to prevent other financially troubled EU members such as Spain and Portugal from collapsing as well, which could bring down the entire European Union financial system.   Read more »

The following bill is your share of the national debt. If Obama had it his way, you can be sure he would of loved to have you send a check for $89,672.33 in to the government when you sent in your taxes to the IRS April 15th!   Read more »

In recent years, the amount of loans backed by the Federal Housing Administration (FHA) has increased dramatically and now accounts for over a quarter of all home mortgage loans in the United States – a conscious policy decision to avert further declines in housing values.   Read more »

“Buy a House, Obama Pays Your Mortgage with His Secret Stash”

“The Obama administration plans to overhaul how it’s tackling the foreclosure crisis, in part by requiring lenders to temporarily slash or eliminate monthly mortgage payments for many borrowers who are unemployed, senior officials said Thursday.

As investigations unfold on questionable activity conducted by investment banks during the recent Greek debt crisis, certain financial instruments – similar to those that tanked the housing market – are coming under scrutiny for driving up sovereign bond prices through speculation.   Read more »

In hopes of diffusing the country's debt crisis, the Greek Parliament just approved new spending cuts and taxes, prompting 7,000 protestors to gather in Athens today.

According to London Today:

Protesters attacked the leader of Greece's biggest trade union and chased guards away from the country's tomb of the unknown soldier. Youths also fought with police inside the Council of State and tried to break into the labour ministry.

I issued this statement today following the President’s speech on health care:

Today, you heard the President who promised transparency embrace the product of backroom deals and political payoffs. You heard the President who promised to be ‘post-partisan’ embrace the hyper-partisan reconciliation tactic.

If you think we are accumulating too much debt, you're just too stupid to understand.

In this interview, Rep. Stark takes a novel view of our national debt. You see it is actually a measure of our "wealth." Who knew?

The interviewer asks a great follow-up question, "So, why not spend another trillon? That will makes us wealthier, right?"   Read more »