Paul's Page

I just read an interesting article about the members of the Federal Reserve and the implications on future monetary decisions.

Basically, the argument was that the new members are soft money proponents who will keep interest rates low. The author argues that this will lead to higher inflation.

What do you think?

Wall Street loves the Republicans. To express their love and support, Wall Street is sending tons of campaign contributions to Republican candidates.

Wall Street bankers want nothing more than to be able to continue making huge risky bets while knowing they will be bailed out by taxpayers. These are the risky bets the Obama Administration is trying to limit. The Republicans voted against the financial regulation bill in the House.

Nobody wants any industry to be over regulated. However, there… Continue

I have always been amazed that the Tea Party activists are so vocal about the huge national debt now that George W. Bush is out of office. Where were they during the Bush years?

When Bush took office, the national debt stood at $5.7 trillion and was being reduced with the budget surpluses being left by President Clinton. When President Bush left office, the national debt was over $10 trillion.

President Obama has a goal of reducing the national debt. Yes, there are some investments that need t… Continue

In the post election analysis, votes told pollsters that they voted for Republicans in Virginia and New Jersey partly because they were concerned about the economy.

This doesn't make sense to me.

Republicans are making a lot of noise about the deficits and national debt, but it was the Republicans who greatly increased the national debt while they were in power.

The deficit was so large this year because the economy tanked under George W. Bush. $400 billion of the current deficit was caused b… Continue

I just watched a really good program about the national debt and our current economic condition.

The program is called Ten Trillion And Counting and it is a Frontline program from PBS.

You can watch it online here: http://www.pbs.org/wgbh/pages/frontline/tentrillion/

It basically showed how the national debt has been growing and what we are going to have to do about it. It showed how the debt was reduced during… Continue