BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[When Are We Going to Pay Off the National Debt?]]>http://www.bloggingstocks.com/2011/04/06/when-are-we-going-to-pay-off-the-national-debt/http://www.bloggingstocks.com/2011/04/06/when-are-we-going-to-pay-off-the-national-debt/http://www.bloggingstocks.com/2011/04/06/when-are-we-going-to-pay-off-the-national-debt/#commentsWith all the talk of the nation's deficit, the federal budget, and a potential government shutdown, I would like to throw a question into the debate: When are we going to pay off the national debt?

We have been borrowing more and more money, and the amount that we have borrowed has grown significantly compared to the total goods and services we make in this country.

I recall a few years ago talking to people who were buying and selling homes. I asked them how they could afford such big, expensive houses. I thought maybe they had rich uncles. But they were just taking out interest-only mortgages and the banks were lending them 95% of the value of the houses or more.

Continue reading When Are We Going to Pay Off the National Debt?

When Are We Going to Pay Off the National Debt? originally appeared on BloggingStocks on Wed, 06 Apr 2011 09:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BudgetCongressdebt clockfeaturedfederal budgetfederal shutdownFederalShutdownNational DebtobamaU.S. debtWed, 06 Apr 2011 09:00:00 EST<![CDATA[All Aboard the Rails]]>http://www.bloggingstocks.com/2011/03/07/all-aboard-the-rails/http://www.bloggingstocks.com/2011/03/07/all-aboard-the-rails/http://www.bloggingstocks.com/2011/03/07/all-aboard-the-rails/#commentsThe Obama administration has agreed to scale back requirements for new anticollision technology on freight trains, known as Positive Train Control (PTC). This stands to benefit companies such as CSX (CSX), Union Pacific (UNP), Norfolk Southern (NSE) and Berkshire Hathaway's (BRK.A) Burlington Northern Santa Fe.

PTC technology will automatically stop the train if a conductor misses its stop signal, coming in light of a 2008 train collision which killed 25 people.

This could possibly add 25% to CSX's free cash flow, which at these levels would make CSX and other rail companies undervalued by these metrics.

Jason is a co-founder of Benzinga.com.

All Aboard the Rails originally appeared on BloggingStocks on Mon, 07 Mar 2011 00:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BRK-AcsxLong IdeasNSCobamaRailroadsTrading IdeasunpMon, 07 Mar 2011 00:40:00 EST<![CDATA[U.S. Stock Futures Signal Higher Start on Wall Street]]>http://www.bloggingstocks.com/2011/01/26/u-s-stock-futures-signal-higher-start-on-wall-street/http://www.bloggingstocks.com/2011/01/26/u-s-stock-futures-signal-higher-start-on-wall-street/http://www.bloggingstocks.com/2011/01/26/u-s-stock-futures-signal-higher-start-on-wall-street/#commentsFiled under: , , , , , , ,

U.S. stock futures are higher this morning, following President Barack Obama's State of the Union speech. Investors are awaiting earnings reports and a monetary policy announcement by the Federal Reserve. Futures on the Dow Jones Industrial Average gained 35 points to 11,957.00 and S&P 500 futures rose 5.60 points to 1,293.30. Nasdaq 100 futures climbed 9 points at 2,310.25.

The Dow Jones Industrial Average lost 3.33 points or less than 0.1% yesterday.

Data on December new-home sales will be released at 10 a.m. ET. The latest statement from the Fed is due at 2:15 p.m. ET.

Continue reading U.S. Stock Futures Signal Higher Start on Wall Street

U.S. Stock Futures Signal Higher Start on Wall Street originally appeared on BloggingStocks on Wed, 26 Jan 2011 08:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>boeing earningsConocoPhillips earningscopfeaturednetflixnetflix earningsnew home salesnflxobamapremarketstarbucks earningsstate of the union addressyahooyahoo earningsyhooWed, 26 Jan 2011 08:15:00 EST<![CDATA[The 2001 Bush Income Tax Cut: A Major Policy Mistake]]>http://www.bloggingstocks.com/2010/09/09/the-2001-bush-income-tax-cut-a-major-policy-mistake/http://www.bloggingstocks.com/2010/09/09/the-2001-bush-income-tax-cut-a-major-policy-mistake/http://www.bloggingstocks.com/2010/09/09/the-2001-bush-income-tax-cut-a-major-policy-mistake/#commentsFiled under:

George BushThe 2001 Bush income tax cut is one of those issues whose fate has been sealed by objective economic conditions.

Simply, if the U.S. economy had registered robust growth during the final two years of the Bush administration, and no other negative economic events occurred, the tax cut, which will increase the deficit by $336 billion this fiscal year, $295 billion in fiscal 2011, and by more than $320 billion per year through fiscal 2019, perhaps would have had a chance of being extended.

Continue reading The 2001 Bush Income Tax Cut: A Major Policy Mistake

The 2001 Bush Income Tax Cut: A Major Policy Mistake originally appeared on BloggingStocks on Thu, 09 Sep 2010 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bond marketbudget deficitBush tax cutDemocratsfeaturedincome taxesinterest ratesObamaRepublicansThu, 09 Sep 2010 18:00:00 EST<![CDATA[Dividend Stocks to Plunge 16% Due to Tax Increases?]]>http://www.bloggingstocks.com/2010/07/04/dividend-stocks-to-plunge-due-to-tax-increases/http://www.bloggingstocks.com/2010/07/04/dividend-stocks-to-plunge-due-to-tax-increases/http://www.bloggingstocks.com/2010/07/04/dividend-stocks-to-plunge-due-to-tax-increases/#commentsFiled under: , , , , , , , , ,

dividendsIn the year following Bush's dividend tax cuts, the Dow Jones rose 16%. When the tax cuts expire in a few months, will the market drop?

One method of evaluating stocks is that they are worth the present value of all the future cash flows. This can make dividend stocks particularly attractive to investors because they get paid rent or a dividend for holding a company. If conditions change and those future dividends are no longer expected, a stock can suddenly be worth a lot less. This is a large reason why we see stocks drop suddenly at earnings announcements or when companies revise outlooks.

Continue reading Dividend Stocks to Plunge 16% Due to Tax Increases?

Dividend Stocks to Plunge 16% Due to Tax Increases? originally appeared on BloggingStocks on Sun, 04 Jul 2010 11:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BushDividendsfeaturedobamatax increasesSun, 04 Jul 2010 11:40:00 EST<![CDATA[Are Dividend Rates About to Drop 29%?]]>http://www.bloggingstocks.com/2010/07/03/dividend-rates/http://www.bloggingstocks.com/2010/07/03/dividend-rates/http://www.bloggingstocks.com/2010/07/03/dividend-rates/#commentsFiled under: , , , , , , , , , ,

Is it time to dump dividend stocks before the Bush tax cuts expire? In 2001 and 2003 Bush, passed several tax relief bills that will automatically expire at the end of 2010. Obama campaigned against the tax relief packages and many Americans may be facing a huge tax increase as the package expires.

Dividend taxation is of particular concern to investors. Under the relief packages, dividends taxes were cut to 15%, but if the package expires, dividends may be taxed as ordinary income at levels up to 39.6%.

Continue reading Are Dividend Rates About to Drop 29%?

Are Dividend Rates About to Drop 29%? originally appeared on BloggingStocks on Sat, 03 Jul 2010 09:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bush tax cutsdividendsfeaturedinthenewsobamataxesSat, 03 Jul 2010 09:40:00 EST<![CDATA[Obama Changes Course and Will Reopen Oil Drilling]]>http://www.bloggingstocks.com/2010/06/08/oil-drilling-moratorium/http://www.bloggingstocks.com/2010/06/08/oil-drilling-moratorium/http://www.bloggingstocks.com/2010/06/08/oil-drilling-moratorium/#commentsFiled under: , ,

Faced with the prospect of losing 40,000 jobs due to the oil-drilling moratorium, President Obama is set to reopen oil drilling. A letter by the National Ocean Industries Association states: The moratorium "will result in crippling job losses and significant economic impacts for the Gulf region."

Reopening oil drilling will come with some conditions. At present there is a liability cap of only $75 million, unless the government can show criminal negligence. Congress is meeting first about lifting the cap and then to determine what a new cap should be.

Continue reading Obama Changes Course and Will Reopen Oil Drilling

Obama Changes Course and Will Reopen Oil Drilling originally appeared on BloggingStocks on Tue, 08 Jun 2010 11:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>bp oil spillinthenewsliabilityobamaoil drillingTue, 08 Jun 2010 11:40:00 EST<![CDATA[A Dark Side to Obama's Higher Fuel Effciency?]]>http://www.bloggingstocks.com/2010/05/21/a-dark-side-to-obamas-higher-fuel-effciency/http://www.bloggingstocks.com/2010/05/21/a-dark-side-to-obamas-higher-fuel-effciency/http://www.bloggingstocks.com/2010/05/21/a-dark-side-to-obamas-higher-fuel-effciency/#commentsFiled under: , , ,

President Obama is expected to issue an executive order to raise fuels standards for light trucks. Rather than wait for Congress to hash out the issue, Obama is using his executive power to raise the fuel efficiency standards and cut CO2 emissions by cars and light trucks beyond current requirements.

Issuing an executive order to raise fuel efficiency is easy; implementation is going to be the tough part. As General Motors, Ford (F) and Chrysler strive to implement new fuel efficiency standards, there are many tough decisions they will have to make.

Continue reading A Dark Side to Obama's Higher Fuel Effciency?

A Dark Side to Obama's Higher Fuel Effciency? originally appeared on BloggingStocks on Fri, 21 May 2010 15:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>carschryslerepaexecutive ordersfuel economyGeneralMotorsgminthenewsobamaFri, 21 May 2010 15:00:00 EST<![CDATA[Obama Reacts to What He Calls a 'Ridiculous Spectacle']]>http://www.bloggingstocks.com/2010/05/15/obama-reacts-to-BP-oil-spill/http://www.bloggingstocks.com/2010/05/15/obama-reacts-to-BP-oil-spill/http://www.bloggingstocks.com/2010/05/15/obama-reacts-to-BP-oil-spill/#commentsFiled under: , , , , ,

BP oil spillIt has been three weeks since a BP (BP) oil rig exploded and sank in the Gulf of Mexico, and still the company has not been able to stop oil from spewing into the gulf. Friday, the companies involved got a earful from President Obama.

The three companies involved in the oil spill are BP, Transocean Offshore (RIG) and Halliburton (HAL).

Continue reading Obama Reacts to What He Calls a 'Ridiculous Spectacle'

Obama Reacts to What He Calls a 'Ridiculous Spectacle' originally appeared on BloggingStocks on Sat, 15 May 2010 09:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BPfeaturedgulf of mexicoHALhalliburtonHalliburton HALinthenewsobamaoiloil spillRIGtransocean offshoreSat, 15 May 2010 09:40:00 EST<![CDATA[Obama 'Smurfs' Offshore Drilling from Republicans]]>http://www.bloggingstocks.com/2010/04/06/obama-smurfs-offshore-drilling-from-republicans/http://www.bloggingstocks.com/2010/04/06/obama-smurfs-offshore-drilling-from-republicans/http://www.bloggingstocks.com/2010/04/06/obama-smurfs-offshore-drilling-from-republicans/#commentsFiled under:

In politics, it's called "smurfing" (sometimes it's also referred to as triangulation) -- where one takes an issue on which the opposition party has an advantage, modifies it, and transforms it into one that benefits your party.

President Bill Clinton used it successfully during the nation's mood for welfare reform in the 1990s: he took an issue that likely would have benefited Republicans and transformed it into one that became one of his presidency's hallmarks.

And now President Barack Obama is attempting to do it with his decision to open portions of the U.S. coastline to offshore drilling for oil and natural gas.

Continue reading Obama 'Smurfs' Offshore Drilling from Republicans

Obama 'Smurfs' Offshore Drilling from Republicans originally appeared on BloggingStocks on Tue, 06 Apr 2010 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>inthenewsnatural gasObamaoffshore drillingoilsmurfsTue, 06 Apr 2010 16:00:00 EST<![CDATA[House Passes Health Care Bill by 219-212 Vote]]>http://www.bloggingstocks.com/2010/03/22/house-passes-health-care-bill-by-219-212-vote/http://www.bloggingstocks.com/2010/03/22/house-passes-health-care-bill-by-219-212-vote/http://www.bloggingstocks.com/2010/03/22/house-passes-health-care-bill-by-219-212-vote/#commentsFiled under: ,

After a year of debate, the health care bill finally was passed in the House of Representatives by a vote of 219 to 212.

Nancy Pelosi, Speaker of the House, led the delicate maneuvering to garner the votes needed for passage of the $940 billion, 10-year bill.

The final votes hinged on Representative Bart Stupak (D-Mich). He and his colleagues initially objected to the language on abortion which they felt was not clear enough. President Obama told Stupak that he would issue an executive order spelling out in clear language that federal health care monies would not be used for elective abortions. That brought Stupak and his group on board and clinched the final tally.

Continue reading House Passes Health Care Bill by 219-212 Vote

House Passes Health Care Bill by 219-212 Vote originally appeared on BloggingStocks on Mon, 22 Mar 2010 08:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>featuredhealth carehealth care billinthenewsobamaMon, 22 Mar 2010 08:00:00 EST<![CDATA[Health Care Summit Reveals Democratic U.S., Republican U.S.]]>http://www.bloggingstocks.com/2010/02/27/health-care-summit-reveals-democratic-u-s-republican-u-s/http://www.bloggingstocks.com/2010/02/27/health-care-summit-reveals-democratic-u-s-republican-u-s/http://www.bloggingstocks.com/2010/02/27/health-care-summit-reveals-democratic-u-s-republican-u-s/#commentsFiled under:

The low-down regarding Thursday's health care summit? No change to the status quo.

President Barack Obama did a good job moderating the event, and Republican and Democratic leaders engaged in, for the most part, civil discussions, with only a few exchanges degenerating into talking-points rhetoric, but the net result was that little common ground was achieved.

Continue reading Health Care Summit Reveals Democratic U.S., Republican U.S.

Health Care Summit Reveals Democratic U.S., Republican U.S. originally appeared on BloggingStocks on Sat, 27 Feb 2010 15:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Congressdeficit reductionhealth care reformhealth care summitObamareconciliationSat, 27 Feb 2010 15:40:00 EST<![CDATA[Washington Gridlock: Upside and Downside]]>http://www.bloggingstocks.com/2010/02/24/washington-gridlock-upside-and-downside/http://www.bloggingstocks.com/2010/02/24/washington-gridlock-upside-and-downside/http://www.bloggingstocks.com/2010/02/24/washington-gridlock-upside-and-downside/#commentsFiled under: ,

One upside to gridlock in Washington? The U.S. Congress won't likely move forward with its effort to allow the General Accounting Office to audit the U.S. Federal Reserve.

One (big) downside? President Obama and Congressional Republicans, particularly Republicans in the Senate may not be able to agree on next year's budget. This could result in a shutdown of the federal government if the two political parties don't agree to pass a continuing resolution in the meantime. Any inability of the parties to agree on new budget or a continuing resolution as a temporary bridge will likely rattle both the bond and stock markets.

Continue reading Washington Gridlock: Upside and Downside

Washington Gridlock: Upside and Downside originally appeared on BloggingStocks on Wed, 24 Feb 2010 12:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>budgetdemocratsobamapoliticsrepublicansWed, 24 Feb 2010 12:50:00 EST<![CDATA[President's Health Care Summit to Limit Insurance Price Hikes]]>http://www.bloggingstocks.com/2010/02/22/presidents-health-care-summit-to-limit-insurance-price-hikes/http://www.bloggingstocks.com/2010/02/22/presidents-health-care-summit-to-limit-insurance-price-hikes/http://www.bloggingstocks.com/2010/02/22/presidents-health-care-summit-to-limit-insurance-price-hikes/#commentsFiled under: , ,

President Obama plans to hold a health care summit to try and piece back together fractured health care legislation. He is expected to announce that it would include denying or rolling back unwarranted increases by health insurance companies.

Here are some key points to his proposal:

  • Most Americans would buy health insurance with federal subsidies to help them afford premiums.
  • It would bar insurance companies from denying coverage to people with medical problems or charging them more.

Continue reading President's Health Care Summit to Limit Insurance Price Hikes

President's Health Care Summit to Limit Insurance Price Hikes originally appeared on BloggingStocks on Mon, 22 Feb 2010 11:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Health care summitinsurance ratesinsurance reforminthenewsMedicareObamaMon, 22 Feb 2010 11:40:00 EST<![CDATA[This Is How Washington Works: Most Times, It Doesn't]]>http://www.bloggingstocks.com/2010/02/20/this-is-how-washington-works-most-times-it-doesn-t/http://www.bloggingstocks.com/2010/02/20/this-is-how-washington-works-most-times-it-doesn-t/http://www.bloggingstocks.com/2010/02/20/this-is-how-washington-works-most-times-it-doesn-t/#commentsFiled under:

In the past year, President Barack Obama has been introduced to Washington's realpolitik. As MarketWatch Washington Bureau Chief Rex Nutting aptly put it: This is how Washington works. The truth is, most times, it doesn't.

In theory, congressional lawmakers and the executive branch should be able to find common ground, aided by that long-standing American habit of compromise, to solve the nation's problems.

Continue reading This Is How Washington Works: Most Times, It Doesn't

This Is How Washington Works: Most Times, It Doesn't originally appeared on BloggingStocks on Sat, 20 Feb 2010 09:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>DemocratsgridlockObamaRepublicansSat, 20 Feb 2010 09:40:00 EST<![CDATA[Look for More Partisan Gridlock at Health Care Summit]]>http://www.bloggingstocks.com/2010/02/19/look-for-more-partisan-glidlock-at-health-care-summit/http://www.bloggingstocks.com/2010/02/19/look-for-more-partisan-glidlock-at-health-care-summit/http://www.bloggingstocks.com/2010/02/19/look-for-more-partisan-glidlock-at-health-care-summit/#commentsFiled under:

President Obama will offer one health care reform proposal that combines "some of the best ideas" from the House and Senate bills when he convenes his health care summit Thursday, February 25, but investors should not look for a bipartisan agreement on a health care legislation this year.

That's because it's high unlikely Republicans will agree to anything: to-date they've gained politically by being the 'party of no' --- by being obstructionist, despite the nation's many large problems, so why would they change now? At this juncture, electorally, until the American people make them pay for their obstruction, there's little incentive for the Republicans to change their stance.

Continue reading Look for More Partisan Gridlock at Health Care Summit

Look for More Partisan Gridlock at Health Care Summit originally appeared on BloggingStocks on Fri, 19 Feb 2010 14:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>health care reformObamaRepublicansFri, 19 Feb 2010 14:00:00 EST<![CDATA[Can the New Simpson/Bowles Budget Deficit Reduction Commission Succeed?]]>http://www.bloggingstocks.com/2010/02/18/can-the-new-simpson-bowles-budget-deficit-reduction-commission-s/http://www.bloggingstocks.com/2010/02/18/can-the-new-simpson-bowles-budget-deficit-reduction-commission-s/http://www.bloggingstocks.com/2010/02/18/can-the-new-simpson-bowles-budget-deficit-reduction-commission-s/#commentsFiled under:

Can the U.S. budget deficit panel succeed where others have not?

Indeed it can, and the key is its composition. The 18-member, non-binding panel will contain, in addition to two co-chairs, four members appointed by President Obama, six by Democratic leaders and six by Republican leaders, The Associated Press reported Thursday. The panel's recommendations will require approval by 14 of the 18 members, which guarantees that its recommendations will have bipartisan support.

Continue reading Can the New Simpson/Bowles Budget Deficit Reduction Commission Succeed?

Can the New Simpson/Bowles Budget Deficit Reduction Commission Succeed? originally appeared on BloggingStocks on Thu, 18 Feb 2010 15:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Alan Simpsonbudget deficitObamaThu, 18 Feb 2010 15:00:00 EST<![CDATA[U.S. Takes First Step in Nuclear Power's New Era]]>http://www.bloggingstocks.com/2010/02/16/u-s-takes-first-step-in-nuclear-power-s-new-era/http://www.bloggingstocks.com/2010/02/16/u-s-takes-first-step-in-nuclear-power-s-new-era/http://www.bloggingstocks.com/2010/02/16/u-s-takes-first-step-in-nuclear-power-s-new-era/#commentsFiled under:

Tuesday was an important day in the nation's journey back toward energy independence, as President Barack Obama announced the approval of $8.3 billion in loan guarantees to help the Southern Co. (SO) build a nuclear power plant in Georgia.

The Obama administration has made a large increase nuclear power a top priority in its energy policy, in an effort to play catch-up for the decades lost without a coherent energy policy and without the wholesale development of the proven and innovative nuclear technology. Incredibly, no new nuclear plants have been licensed in the United States since 1979.

Continue reading U.S. Takes First Step in Nuclear Power's New Era

U.S. Takes First Step in Nuclear Power's New Era originally appeared on BloggingStocks on Tue, 16 Feb 2010 19:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>energynuclearnuclear powerNuclearPowerObamaSouthern CompanySouthernCompanyTue, 16 Feb 2010 19:30:00 EST<![CDATA[Has Elkhart, Indiana Come to Symbolize Federal Housing Failure?]]>http://www.bloggingstocks.com/2010/02/15/has-elkhart-indiana-come-to-symbolize-federal-housing-failure/http://www.bloggingstocks.com/2010/02/15/has-elkhart-indiana-come-to-symbolize-federal-housing-failure/http://www.bloggingstocks.com/2010/02/15/has-elkhart-indiana-come-to-symbolize-federal-housing-failure/#commentsFiled under:

Elkhart, Indiana; a favorite stomping ground of President Obama - where the government's economic stimulus plan was to be on full display, helping the town rise like a phoenix from the ashes. According to this New York Times article, Elkhart has gained jobs in the past nine months, but the federal support for housing is failing. More than one in 10 mortgages in Elkhart is "seriously behind" on payments and the median sale price of homes is back to where it was 10 years ago. One of the main goals of the federal support program was to keep prices from falling and mortgage delinquencies from rising, and how is that working out? Elkhart residents note that the only reason their real estate market works at all is because of the emergency federal funding. In fact, in the past 18 months, the FHA upped loans in Elkhart by 40% while defaults increased 174% --- not a good ratio.

Continue reading Has Elkhart, Indiana Come to Symbolize Federal Housing Failure?

Has Elkhart, Indiana Come to Symbolize Federal Housing Failure? originally appeared on BloggingStocks on Mon, 15 Feb 2010 15:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>elkhartfederal housing administrationFederalHousingAdministrationgovernmenthousing bubbleHousingBubbleindianaobamatarpMon, 15 Feb 2010 15:40:00 EST<![CDATA[Let's Be Responsible After Another 1.9 Trillion ...]]>http://www.bloggingstocks.com/2010/02/15/lets-be-responsible-after-another-1-9-trillion/http://www.bloggingstocks.com/2010/02/15/lets-be-responsible-after-another-1-9-trillion/http://www.bloggingstocks.com/2010/02/15/lets-be-responsible-after-another-1-9-trillion/#commentsFiled under: , ,

With the entire European continent rippling from the possible side effects of Greece going bankrupt after borrowing too much money, President Obama just signed legislation to lift America's debt limit from $12.4 to $14.3 trillion -- but don't worry, we have included a provision to be responsible now.

For those of you who have trouble will all those zeros, that 14.3 trillion limit ($14,300,000,000) divided between each of the 308.5 million (308,500,000) of us is only $46,353.32 each.

Continue reading Let's Be Responsible After Another 1.9 Trillion ...

Let's Be Responsible After Another 1.9 Trillion ... originally appeared on BloggingStocks on Mon, 15 Feb 2010 10:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>debtfeaturedgreeceinthenewsobamapay goPayGoMon, 15 Feb 2010 10:40:00 EST