debt ceiling

The Federal Leviathan Needs To Be Downsized Before This Last Train To Brokesville Derails

Mandeville, LA – Exclusive Transcript – Just to put this in perspective, this would mean that our mighty, gargantuan federal leviathan would have to exist on a paltry $1.2 trillion. In other words, it would have to exist on the expenditures of the last year of the Reagan administration, in 1989. Chew on that for a moment. Think about that. Then come back to me and tell me exactly how, […]

October 24, 2013 23

Transcripts

Beltway GOP Strategies Include Congressional Theater And Shooting Self In Foot

Mandeville, LA – Exclusive Transcript – Buchanan’s point of view, and this is pretty much the point of view that you have heard me enunciate or share with the audience over the last two weeks is that you were elected to do something. You have a moral and principled obligation to protect and defend the Constitution of the United States. Check out today’s transcript for the rest…

October 22, 2013 4

Transcripts

Caller David Says The End Is Near And The Bottom Will Fall Out Of America

Mandeville, LA – Exclusive Transcript – Folks, if you’re wondering what he’s talking about, here’s what happens. The borrowing authority is granted by lifting the so-called debt ceiling. Where does the money come from? Do you just print it off? That’s one way that you could do it. What generally happens is the Treasury Department tells all their buddies on Wall Street: We’re going to issue $110 billion in Treasury […]

October 22, 2013 10

Transcripts

The Mystery Of Life Is Gone – What’s Left Is Tax Burden On The Yet-to-be-Born

Mandeville, LA – Exclusive Transcript – Of course, with our scientific acumen and achievement, there is no mystery left, or we don’t think there’s any mystery. We certainly don’t believe that there is any external force above us that’s controlling any of this, which explains why you have the total lack -- watching the celebrations that are going on today and having listened to it all day yesterday as it […]

October 21, 2013 5

Transcripts

The Progressive Train Is Steaming Down The Tracks

Mandeville, LA – Exclusive Transcript – The reason is because it is far easier and a lot more comforting in the short-term to abuse the privilege of governing, especially when you can abuse it with the promise that a future person to be governed is going to pay for it. It’s nothing more than a wealth transfer scheme unlike any the world has ever seen. It is despicable. It is […]

October 21, 2013 2

Transcripts

Leviathan Has Spent Your Money, Your Kids’ Money, Now Onto Spending Your Grandkids’ Money

Mandeville, LA – Exclusive Transcript – Let’s just sum up what has occurred in the month of October in 2013. The final attempt to repeal what is known as the Affordable Care Act has failed, and it has failed miserably. I mean, it has failed so demonstrably that there is little if anything that you could say, from a federal standpoint anyway, no concessions came out of it. Check out […]

October 21, 2013 4

Transcripts

Congress Has A Few Patriots, But The Rest Are Just Fighting For Their Slice Of Leviathan Pie

Mandeville, LA – Exclusive Transcript – Don’t be living in the ethereal fantasy world that these guys are actually holding the line for the reasons that you and I hold near and dear. There are obviously other political concerns here. There is the divvying up of the $3.8-trillion-pound pie that’s really what is going on here. Each side is fighting for their slice. There are some in the House of […]

October 18, 2013 7

Transcripts

The U.S. Has Been Defaulting On Its Debt For Years And That’s Not Changing Anytime Soon

Mandeville, LA – Exclusive Transcript – If we go back to October the 11th, interview given by James Grant of Grant’s Interest Rate Observer, you would have found this posted at the Washington Compost under the headline “Has The United States Ever Defaulted?” Grant’s answer is: Yes, and it’s going to default again; it’s inevitable. Check out today’s transcript for the rest…

October 17, 2013 8

Transcripts

Default Deschmalt – The Sun Will Rise, The Moon Will Shine, And The Debt Will Still Be There

Mandeville, LA – Exclusive Transcript – Anthony Sanders, our friend the economist at George Mason’s Mercatus Center has been blogging about this. I asked him for some charts yesterday and he put charts together. You can find them in today’s Pile of Prep under the headline “Confounded Interest,” what Sanders says about the shutdown. Check out today’s transcript for the rest…

October 17, 2013 4