Happy Deficit Day 2012!
September 10th, 2012 is National Deficit Day. That means that September 10th is the date on which the United States government is out of money for the year. Every single…
California School District to Spend $1 Billion to borrow $105 Million
California has lost 600,000 jobs in the last decade and has a $26 billion deficit. Their public schools aren’t performing well, with lower grades and graduation rates than…
Joint Letter Supporting Point of Order Against Senate Budget Committee Chairman Kent Conrad’s Spending Limits
Dear Senator, We are deeply concerned that Senate Budget Committee Chairman Kent Conrad (D-N.D.) is prepared to exceed the overall spending limit set out in the Budget Control…
US Economy threatened in wake of Obama’s Taxmageddon
Obama seems to have one goal in mind this election: creating an even greater gap between Republicans and Democrats. I must admit, he’s doing a great job of it, stoking…
The National Debt in Perspective
The national debt is at $15.8 trillion dollars. It is roughly 7 times that amount when the unfunded liabilities of Social Security, Medicare,…
The Canary in The Coal Mine Is Gasping For Air
The Coal Mine Canary Is Gasping For AirBy: Jim Hoft and Andrea Ryan…
MarketWatch Says Obama’s Spending Binge Never Happened, Keeps Straight Face
Just when you thought media bias couldn't possibly be more blatant, along comes this article from MarketWatch, a purportedly trusted source of Wall Street news. (Never mind that MarketWatch…
Political Accounting Gimmicks are Destroying America
Democracy and Power 108: Obfuscation Wherever politics intrudes upon economic life, political success is readily attained by saying what people like to hear rather than what is…
Obama Burdens America’s Children with $5 trillion more Debt
Democracy and Power 104: Future Debt Burden …
The 12 Super Czars Can’t Reduce the Debt
Democracy and Power 104: Future Debt Burden Blessed are the young, for they shall inherit the national debt. – Herbert Hoover All democracies institute programs for current…