Tag Archives: debt crisis

“We Don’t Have a Debt Crisis.”

BY FRANK HILL
Reprinted from TelemachusLeaps.com

Well, if Barack Obama says it is ‘true’, that must mean it is true!

Even his own Budget Commission, Co-Chairs Erskine Bowles and Alan Simpson, strongly disagree with him. Apparently they don’t know what the heck they are talking about in President Obama’s distinguished economic opinion.

If we don’t have a ‘debt crisis’ today since we have added $7 trillion in national debt in 4 years under President Obama, after adding $6 trillion in 8 years under President Bush 43, when will we have a debt crisis then, Mr. President? Continue reading →

The Rich are Different

BY JOHN FEEHERY
Reprinted from theFeeheryTheory.com

The rich are different than you and me. And it isn’t only that they have more money. The rich have come under attack recently, so I decided to take a look at who is really, really rich.

What I found was a group of people who have changed our world profoundly. Think of the Walton family, responsible for Walmart. The Mars family, responsible for all of that Halloween candy. Bill Gates and the dearly departed Steve Jobs, who revolutionized how we work, how we interact, how we live. Mark Zuckerberg founded Facebook, and the Google guys are at the top too.

There is Warren Buffett, a role-model for all the savvy investors. And at both ends of the political spectrum, you have controversial figures like George Soros and the Koch brothers who made their money because they worked hard and were smarter than their competitors.

These folks have collectively revolutionized modern society. They had vision, creativity, persistence, and an innate toughness to get where they got.

So why should we begrudge them their wealth? Why should we talk them down and try to take their hard-earned money away from them? Continue reading →