U.S. Credit Rating Still at Risk
Moody’s announcement on Tuesday that it would retain its AAA rating of U.S. government sovereign debt as a result of the debt-limit agreement came with a warning: The government...
About: Bob Adelmann
Posts by Bob Adelmann
Debt-limit Deals Trojan Horse: The Special Committee of 12
The debt ceiling is to rise initially by $900 billion under the Revised Budget Control Act of 2011. And then, the debt limit is to rise again by either...
Tea Party Defectors Targeted
The Tea Party is upset with at least four House members who rode to victory in November of 2008 on promises of cutting government spending and then changed sides...
Debt Ceiling Crisis: Putting Things Into Perspective
The compromise bill that emerged Sunday night from behind closed doors is being loudly trumpeted in an attempt to persuade recalcitrant conservatives in both houses to vote for something...
County in Alabama is Bankrupt, Just Like the U.S.
At the very last minute, county commissioners in Jefferson County, home to the metropolis of Birmingham, Alabama, decided to postpone a final decision on whether or not to declare...
Boehner Delays Debt-Limit Vote, Lacking Support
House Speaker John Boehner’s last-minute “pep talk” to his Republican caucus early Thursday morning failed to turn the tide of Tea Partier “nays” to “yeas,” and the...
Obama Battles Increasing Odds for Reelection
The latest poll by the Washington Post-ABC News, published last week, provided one more indication of President Obama’s increasing difficulties in generating support for his reelection campaign. When 1,001...
Presidential Candidate Ron Paul’s “Extremism”
Claiming that presidential candidate Ron Paul leads the “economic suicide wing” of the Republican Party, Brent Budowsky, writing for The Hill, says that Paul is the “worst possible role...
The Real Impact of a U.S. Debt Downgrade
When Standard and Poor’s moved up their timeframe for a downgrade on U.S. sovereign debt from three to five years to just 90 days, Dave Beers, Director of the...
Debt Ceiling Talks: from Disagreement to Impasse to Crisis
House Speaker John Boehner walked away Friday from debt ceiling negotiations with President Obama, saying that the White House had “moved the goalposts” in their weeks-long effort to come...
Obama’s Letter to Americans: Stand Behind Efforts to Raise Debt Limit
President Obama’s open letter to the American people published yesterday in USA Today challenges them “to do something big and meaningful" and stand behind his efforts to raise the...
Minn. Govt Shutdown Ends With Compromise That Pleases No One
Now that the Minnesota state government shutdown has ended, details of the compromise between Governor Mark Dayton and the Republicans are now public -- and no one is happy....
President Obama Pledges Spending Cuts Down to Eisenhower Era
At last Friday?s press conference, President Obama reviewed the status of talks with Republicans over the debt ceiling and reiterated his determination to ?get our fiscal house in order.?...
Looking for Green Shoots in the Economy
Just a month ago one of the most accurate economic forecasters on the planet looked at the economy and concluded that another recession is 99 percent certain. ...
August 3: Day of Reckoning
On Tuesday evening, President Obama was being interviewed by Scott Pelley, who asked the President whether he could guarantee that Americans would get their Social Security checks if the...
Using the Food Crisis
According to internationally acclaimed author and highly regarded expert Lester Brown (pictured), writing in the January 10 issue of Foreign Policy magazine: Tonight there will be 219,000 additional...
Bohemian Grove: Where the Elite Meet to Eat (and Conspire)
Debra Saunders complained that, because she is a woman, she wasn?t invited to the upcoming Bohemian Club meeting which begins this Thursday at the Bohemian Grove retreat center...
Fed Insiders Selling Inside Information
In an effort to plug leaks at the Federal Reserve, the U.S.'s central bank issued a statement yesterday that members of the Federal Open Market Committee “will refrain” from...
Food Prices Rocket
Eighty-year-old Dottie Bell is a volunteer at the Community Market food bank in Opelika, Alabama, and every day she sees the impact of high food prices on people in...
Economists Are at a Loss; So Are Jobs
Once the awful job numbers announced by the Bureau of Labor Statistics job numbers were digested, it was clear that the clairvoyant economists looking into their crystal balls were...