Free Talk Live

An arcane idea that started on finance blogs in the summer of 2011-- that Tim Geithner should mint a trillion dollar platinum coin to avert the debt ceiling -- is now seriously taking off...

President Paul would immediately push for $1 trillion cut in federal spending (per year, not the $3 trillion that Democrats proposed over 10 years with half of that from increased taxes).

Wow! We’ll soon cross Sixteen Trillion Dollars in Federal Debt! S-i-x-t-e-e-n T-r-i-l-l-i-o-n D-o-l-l-a-r-s. That’s a lot of vote buying even for Washington. Is this ruin? Have we indentured our children into servitude? Solomon warned borrowers will be slaves to their lenders. Add $120 plus trillion in unfunded forthcoming liabilities and, well, we’re doomed.

At least someone in America isn't feeling a credit squeeze: Uncle Sam. This week Congress will vote to raise the national debt ceiling by nearly $2 trillion, to a total of $14 trillion. In this economy, everyone de-leverages except government.

A printing problem with the new high-tech $100 bills has forced government printers to shut down production - and to quarantine more than one billion of the notes.

Mississippi has instituted a series of unreasonable regulations for doctors who perform abortions. Using a practice very similar to the kind of bottlenecking that was done to suppress black votes during the Jim Crow era, Mississippi has systematically squeezed the number of abortion clinics in the state down to just one. If a federal court ultimately finds its new regulations constitutional, that one will be gone too. (Wednesday, a federal judge extended his temporary order to let the clinic stay open).

A visualization of US debt stacked in 100 dollar bills

This is from 2008, but still relevant. Small town in Mississippi gets a $845,000 grant from the Feds to build an AMTRAK station.The town is a flag stop, so the train doesn't even stop there regularly, and AMTRAK provides no services at the station. It is basically just a nearly $1 million dollar rain shelter. Insane.....the free market would never waste money like this.

This lady had a loaded clip in her purse, and a handgun in her luggage and got caught when trying to fly BACK to Kentucky from Mississippi. Evidently, she flew TO Mississippi without the gun being noticed.