Tag Archives: deficit

Defaulting on the Debt Was Impossible

There was a lot of scare declarations about the disastrous effects of the US defaulting on its debt if it congress didn’t raise the debt ceiling. Virtually all of it was wrong. We were told that the country had never defaulted on its debt. It’s done so several times, the last was in 1979. As…

Read the full entry

We Lose Money on Every Car We Sell But Make It Up In Volume or The Accountant Ascendant

I was flabbergasted when I reread the following piece originally published in 1997. It outlines our current economic plan. I had no idea that our future president read Lubbock Magazine 12 years ago. But don’t impute any bitterness to my remarks. I’m perfectly willing to let him take all the credit for the plan I…

Read the full entry