Budget Deficits | timiacono.com - Part 4

The Blocked World Power

With just a little bit of effort, the image on the cover of today’s Handelsblatt referenced in this Der Speigel story in today’s links post was located and is reproduced below.

Handelsbatt Cover

According to Spiegel, the headline translates to “The Blocked World Power”, however Google Translate says it’s “Blocked the World Makes”, that is, unless you get the capitalization right.

Either way, it’s not good.

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Shutdown Jokes: Day 3

More government shutdown humor compiled by the folks at Bloomberg.

What? No mention of the Panda Cam shutdown. That seems to pop up everywhere else.

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President Obama is “Exasperated”

In a CNBC interview earlier today, President Obama laments the nation’s budget woes, noting “I am exasperated with the idea that unless I say to 20 million people you can’t have health insurance, these folks will not reopen the government. That is irresponsible.”

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In this accompanying story, not once is the debt ceiling mentioned.

You’d think that everyone, including the President, would be focusing in on that issue, given that the end of the world is potentially only two weeks away.

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Stockman: “The Party Has to Take a Stand”

Here’s David Stockman, former Office of Management and Budget director under President Reagan, with some thoughts on what’s now going on in Washington during the government shutdown and why he supports the Republican position.

Anyone wanting to hear more from Stockman need only go to this Bloomberg search result where you’ll learn that reaching the debt ceiling is a “red herring” and that, Janet Yellen, the favorite to succeed Ben Bernanke as Fed Chair, has “no clue” about free markets.

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