Unfunded State Pensions: The Next Economic Crisis
In the last decade we have had a housing crisis, a banking crisis and a car manufacturing crisis. If student loan debt does not catch up with us first, the…
Greece: Incompetence, Deceit and Overspending Devastates Country
Democracy and Power 104: Future Debt Burden A government debt is a government claim against personal income and private property – an unpaid tax bill. —Hans F. Sennholz Greece:…
CBO Warns of Mounting Debt, Crickets from Congress
This week, the Congressional Budget Office came out with its Long-Term Budget Outlook for 2015. The report foreshadows growing deficits, mounting debt, and economic harm if the status quo…
Obama’s Latest Budget Proposal Shows a Weak Grasp on Reality
With another year comes another federal budget season, kicked off by President Obama’s budget proposal. Although his plan was shockingly delivered by the date required by law (for only…
Governor Kasich seeks an Article V Convention
Democracy and Power 104: Future Debt Burden A government debt is a government claim against personal income and private property – an unpaid tax bill.—Hans F. Sennholz Excessive spending…
Youth Bail on Obama While Misery Index Increases
President Obama continues to lose the youth’s support-and fast. Just a few months ago, Harvard released a poll showing that 57% of Millennials disapproved of ObamaCare. That same poll…
The Reality of America’s Finances
When Washington raised the debt ceiling this week, the Beltway media breathlessly reported that the fiscal crisis had ended. Lawyers danced in hallways, bureaucrats twerked on the…
Piling Up the Debt is America’s Greatest Danger
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. Sennholz…
Shut Down Reveals the Necessity of Enormous Political and Financial Corrections
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. Sennholz…
Shutdown Means Streamlining
There are a lot of myths about the looming government shutdown. The biggest one is that it is, in fact, a government shutdown. The country will not descend into anarchy,…