Author Archives: Dennis Sevakis

Yesterday, the New York Times had this to say about S&P’s downgrading of U.S. debt: Amid Criticism on Downgrade of U.S., S.&P. Fires Back The day after Standard & Poor’s took the unprecedented step of stripping the United States government … Continue reading →

Today, the Washington Times reports that. . . U.S. eats up most of debt limit in one day U.S. debt shot up $239 billion on Tuesday — the largest one-day bump in history — as the government flexed the new … Continue reading →

Found an error in my calculation of total debt as of 09/30/11. Will post updated information soon. Doesn’t change any conclusions, just the timing. Sorry ’bout that. The Management.

Congressman Paul Ryan, chairman of the House Budget Committee, today in the Wall Street Journal asks the same question of President Obama: Where’s Your Budget, Mr. President? During the negotiations over raising the debt ceiling, President Obama reportedly warned Republican … Continue reading →

Received a video clip link from Family Security Matters wherein Congressman Paul Ryan justifies why he voted for the raising the debt ceiling. Was a bit chagrined when therein I learned that the cuts to, what I surmise are, the … Continue reading →

Good news this morning from the Wall Street Journal: The deal would raise the debt ceiling by $2.4 trillion in two stages, and provide initially for $917 billion in spending cuts over 10 years. A special committee of lawmakers would … Continue reading →

That is not as easy a question to answer as I have been thinking. While doing more exploring of the federal web sites, I came across a page at the GAO (Government Accountability Office) that informs as follows: Measuring the … Continue reading →

I find it very difficult to disagree with someone, specifically Congressman Barney Frank (D-Mass.), who asks the same questions as those that pop into my head. The Republican establishment seems to have the same degree of difficulty understanding why they … Continue reading →

Speaking for “Everyman”. . . What part don’t you understand, Mr. Boehner? Thank you for your thoughts, Mr. Garvin. h/t: Cliff S.

From today’s Wall Street Journal ‘Morning Brief’: July 27, 2011 — 9:00 a.m. EDT Boehner Plan Faces Rebellion House Speaker John Boehner, facing a rebellion among conservative Republicans and questions about the amount of spending cuts in his plan for … Continue reading →