Moody's Finally Warns

Moody's finally gets some balls and warns US to either get the debt under control in 2013 or it will be downgraded.  See link below.

http://www.bloomberg.com/news/2012-09-11/u-s-rating-may-be-cut-by-moody-s-if-debt-to-gdp-not-reduced-1-.html

US Debt Change by President

Since 1900 here is the US Debt Change by President.  During the past decade things have really gotten out of control and this can't continue in the future or the country will implode.

Both Obama and Romney will Win

Yesterday I talked about the outdated Electoral College.  Based on current projections it's certainly possible Romney will win the Popular Vote while Obama gets voted in due to his edge in the Electoral College.

Electoral College

The Electoral College should be eliminated.   All Presidential Elections should be determined by popular vote and not determined by a few states which have a substantial number of Electoral Votes.   

Food Stamps

The number of people on Food Stamps continues to increase as 15% of the population (nearly 47 million people) receives them.  Back in 2000 the % on Food Stamps was only 6%.  If the economy is doing so well why has there been a surge in Food Stamp usage the past 4 years?

 

16 Trillion and Counting

August closed the month with just over 16 Trillion Dollars in Public Debt.  By the end of 2013 we should be well on our way to over 17 Trillion no matter who is President.  

Grid Lock

At this point no matter who is elected President they will likely have to deal with a divided Congress.  Thus expect more gridlock as we move into 2013 and beyond.   In order to remove the gridlock there will probably have to be some type of event to force them to act.  What that will be is anyone's guess, however, the kick the can down the road solution is not going to work much longer.