President Biden has assured the nation that America is out of its dire economic situation. If he is to be believed, inflation and high gas prices are a thing of the past. But is there more to the narrative than…
Tag: debt
Inflation and the Magic Printing Press
In the end they will lay their freedom at our feet and say to us, Make Us Your Slaves, But Feed Us. Fyodor Dostoevsky The United States is $28 trillion in debt. We have no savings – There is no…
Medicare for Control
With the Democratic National Convention only three weeks away, over 360 delegates have signed a pledge to reject any platform that doesn’t include “Medicare for All.” Bernie Sanders’ delegates from Nevada spearheaded the pledge, and while it’s predominantly backed by…
Congress Is Bankrupting The Country
Congress is bankrupting the country and robbing future generations to pay for it. A debt crisis, and all the terrible economic effects of that crisis, is looming – And both parties are equally guilty – Every single congressional leader is…
Is the National Debt Really That Bad?
Recent data from the U.S. Treasury shows that the government has amassed $84.3 trillion in debts, liabilities and unfunded Social Security and Medicare obligations, or $670,000 for every household in the U.S. This fiscal burden equals 93% of the nation’s…
Time To Pay the Piper
In the aftermath of the Senate’s failed repeal of ObamaCare, President Trump urged leaders of the GOP-controlled chamber on Saturday to change the rules to a simple 51-vote majority to pass legislation, saying they are “looking like fools” and calling…
The Time To Pay The Piper Is Fast Approaching
Every year the Treasury and the White House are required by law to report on the overall financial position of the federal government. The same law requires the Government Accountability Office (GAO) to audit the report, which is then published…
Thrift Is No Longer a Virtue
Once upon a time we were taught that thrift was a virtue. Today we have to ask what possible difference does it make any more? We live in a time when the majority of our citizens don’t understand how the…
8 Trillion Dollar Surrender
The budget deal – and what a deal for Liberals – is a betrayal of every person in this country. Republicans have officially waived the white flag of surrender. House Speaker Rep. John Boehner (R-Ohio) called the proposal “modest,” and…