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Blog

Short Term Government Policies Imperil America

Democracy and Power 104: Future Debt BurdenA government debt is a government claim against personal income and private property – an unpaid tax bill. – Hans F. SennholzExcessive spending and inflicting debilitating debt is integral to all modern democracies. Why?  Elected politicians institute programs for current voters and shift the debt to future workers, even the unborn.  Social Security, Medicare, prescription drug benefits for seniors are prime examples in America.

10/06/2012
National Debt Threatens U.S. Credit Rating
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Blog

National Debt Threatens U.S. Credit Rating

Stanford economics professor and creator of the Taylor Rule, John Taylor, had an interesting article in the Financial Times on Tuesday.  He explores options for government to find a way out of its monstrous debt and what effects those options might have on the United States' credit rating and tax burden.  He writes,  

05/28/2009