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Obama's Debt Claims Debunked, Line by Line
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Obama's Debt Claims Debunked, Line by Line

Should we raise the national debt limit to accommodate more trillion-dollar deficits? In Washington, it's taken for granted that we should and will.

01/15/2013
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There Is No National Debt

As we approach the next artificially constructed, politically motivated, intentionally promoted national crisis, we should keep one thing in mind: though we speak of a national debt, there is no single national debt.  The debts the government owes are real enough, and a source of national shame, totalling as they do over $16 trillion.  But those debts are owed to millions of holders of the various Treasury notes, bills, and bonds, each of whom may own multiple securities of various maturities.  Sold weekly, the securities come due and, as people get around to it, are either rolled over or redeemed every business day.That is important because as we run up against the debt ceiling, the fear mongers will claim that failure to raise the ceiling will cause us to default on the debt, as if it is one single sum owed to a single debt holder.  Defaulting on it is made to sound like the sky is falling, as if it would be the end of the nation itself.Another category of securities are those held by government agencies, such as the Social Security "Trust Fund" and the federal pension funds.  Failure to redeem one of these securities would be politically explosive, exposing the duplicitous nature of the generational theft caused by runaway spending.In fact, defaulting on one of these debts, as stupid and irresponsible as that would be, would merely cause people to reconsider the soundness of tying up their money in Treasury securities.  That would cost the government more in interest payments in the future, which would probably lead to a chain reaction of inflation.  On the other hand, it might lead people and institutions to invest in more productive ways, such as in the stock market.

01/14/2013
Your Guide to the National Debt (Part 3)
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Your Guide to the National Debt (Part 3)

The problem of the national debt can seem overwhelming. How do you address $16.4 trillion in gross debt, or even $11.5 trillion in debt held by the public? Congress is gridlocked, President Obama doesn't want to deal with it, and the Congressional Budget Office estimates that we will spend $3.554 trillion this fiscal year, thereby adding another $641 billion to the debt. Caught in such a difficult situation, the problem appears insurmountable.

01/11/2013
Political Jujitsu: Fixing the GOP’s Messaging Problem
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Political Jujitsu: Fixing the GOP’s Messaging Problem

Since November's debacle, hundreds of conservative pundits and activists have wrung their hands over the GOP’s messaging problem. Luckily for Republicans my background is in branding, marketing and communications, so let's fix this.In today's mainstream media, conservatives can't catch a break. Epic Democratic catastrophes are ignored while minor Republican faux pas are branded as threats to the republic. Among the chattering classes liberalism has all the power; that won’t be reversed overnight. So conservatives must use liberals' power against them.

01/10/2013
The FreedomCast: Episode 1 - Senator Mike Lee on the Fiscal Cliff
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The FreedomCast: Episode 1 - Senator Mike Lee on the Fiscal Cliff

Welcome to our new podcast " The FreedomCast." Twice a week on Tuesday and Thursday, I'll be bringing you interviews, news and updates on issues important to our listeners and the FreedomWorks family. Today, Senator Mike Lee and I discuss the fiscal cliff bill, the upcoming debt ceiling battle, and why truth resonates with the American people.

01/09/2013
Your Guide to the National Debt (Part 1)
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Your Guide to the National Debt (Part 1)

If you ask many Americans, the largest long-term crisis facing the country is the national debt. Persistently high unemployment, an uncertain economic recovery, soaring health care costs, and a stuttering public education system are all significant contemporary problems, but the skyrocketing national debt seems to loom as a threat to the stability of the government and country itself. With that in mind, shouldn't more of us have a firm understanding of how the national debt works?

01/04/2013
Fiscal Cliff: Two Cheers for Boehner's Plan B (But Oppose It Anyway)
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Fiscal Cliff: Two Cheers for Boehner's Plan B (But Oppose It Anyway)

Update December 20th, 11:30 p.m. ET: Speaker Boehner's "Plan B" tax bill died today, just hours after FreedomWorks sent Congress a letter and launched a national call to action opposing the bill.

12/19/2012
"Gutsy Call"-Congress Ponders Punting Fiscal Cliff Deadlines
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Issue Analysis

"Gutsy Call"-Congress Ponders Punting Fiscal Cliff Deadlines

"Can we just talk about this later?"Slowly and quietly, the U.S. Congress may be arriving at a consensus on how to avoid falling off the "fiscal cliff" on December 31 - by simply putting off its own deadline for most of the major year-end budget and tax decisions.

09/21/2012
Buckle Up For Another Political Showdown - America's Credit Card Is Maxed Out Again
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Issue Analysis

Buckle Up For Another Political Showdown - America's Credit Card Is Maxed Out Again

Increasing Debt Ceiling, No Budget, Unrestrained Spending, And A Spinning Debt Clock... Obama’s Road To American SerfdomBy: Jim Hoft with Andrea RyanBuckle up.  Here we go...again.

05/17/2012
Big Spenders in Washington—Not Tea Party— to Blame for Credit Downgrade
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Big Spenders in Washington—Not Tea Party— to Blame for Credit Downgrade

Lots of finger pointing has occurred following the first-ever downgrade of the United States credit rating last week. Numerous political figures, including Sen. Kerry (D-Mass.) and the Obama administration’s former chief advisor David Axelrod, blame the Tea Party for the Standards and Poor’s (S&P) downgrading the U.S. credit rating from AAA to AA+. Some media talking heads have even dubbed it the “Tea Party Downgrade.” The truth, however, tells an entirely different story.

08/11/2011

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