Tag archives: debt

Bravo, Brutoco
By Montecito Journal   |   August 30, 2022

Bravo (yet again) to Rinaldo Brutoco’s August 11 column. He always comes up with the best adjectives when clashing up against “Big Power” greed: “Preposterous shibboleth” … Makes me laugh every time I look at it! In throwing big shade last week at the PG&E & Edison monopolies, he calls back to his group’s white […]

Debt or Investment?
By Robert Bernstein   |   May 13, 2021

Republicans have railed against deficit spending for decades. But, every Republican president since 1981 has increased the Federal deficit. Only the Democratic presidents Clinton and Obama have lowered it. When the Democrats are in office, the Republicans oppose any plans to increase government spending, claiming that we can’t afford it. Even though they have no […]

Loss of Parking for Hot Springs Trail
By Montecito Journal   |   April 15, 2021

On March 31, 2021, I rode my bicycle to Riven Rock Road. Signs were placed there saying “No Parking,” threatening tickets to those who did so. I asked Gary Smart of the road crew what was going on. He told me that white lines were going to be painted on both sides of the road […]

Fixing Wall Street: Debt vs. Dividends
By Rinaldo Brutoco   |   November 5, 2020

We frequently hear on public media that “the stock market does not reflect the ‘real’ economy.” That is absolutely correct. The question we should ask ourselves is why doesn’t Wall Street reflect the real economy? Why is Wall Street today at all-time highs when we are now in the worst recession since the Great Depression, […]