Monday, July 25, 2011

Norway Terrorist a Unitarian Universalist


In an apparent policy reversal, media organization are now quick to note the religion of terrorists complete with snap judgements in the headlines. So now that the Norway killer's own words are available online, we can evaluate the media claim that he was a "fundamentalist" Christian.

In short, the claim is utter libelous nonsense. Verum Serum digs into the manifesto to show that the killer doesn't even appear to be a believing Christian, let alone a Christian fundamentalist.

Thursday, July 21, 2011

How Would the Market React to no Debt Increase?

As I've previously explained, failure to raise the debt limit would involve shutting down one third of the government since the government is currently borrowing one third of the money its spending. Therefore, there is no reason to expect Aug 2nd to be as severe as a government shutdown.

Wednesday, July 20, 2011

Obama Lie about the Debt Broadcast Far and Wide

Each time I think that the media couldn't be any more obsequious in its service to Obama, I'm unpleasantly surprised.

All of the enthusiasm and energy that went into the election of this Congress boils down to three and only three opportunities to reverse the fiscal train wreck that we're in the midst of: the 2011 budget, the 2012 budget and the debt limit.

U.S. Debt Downgraded to AA+

With all of the utter nonsense about how "Congress needs to raise the debt ceiling to prevent default" infecting even the esteemed minds of people like Tyler Cowen, it was refreshing to hear a tiny bit of common sense on Bloomberg Surveillance this morning.

Yesterday the Egan-Jones rating agency downgraded US debt yesterday to AA+ and Sean Egan was on discussing the downgrade. The podcasts for Bloomberg Surveillance episodes can be found here and the audio for today's show can be found here (skip to 5:35).