Author Archive: Mary Theroux

The National Debt Made Simple (Presidential Edition)


Saturday September 21st, 2013   •   Posted by Mary Theroux at 12:15pm PDT   •   0 Comments

With the national debt soon to reach $17 trillion, it’s not surprising that even the President can’t quite grasp the concepts of the debt ceiling and our national debt (see: “Raising the Debt Ceiling ... Does Not Increase Our Debt“)—numbers this size are notoriously difficult for any of us to accurately conceive. That’s why...
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Collected and Wasted: The IRS Spending Culture and Conference Abuses


Tuesday June 4th, 2013   •   Posted by Mary Theroux at 7:08am PDT   •   1 Comment

Just in case anyone is thinking that it’s OK the IRS abuses its power because, after all, we need to fund the government and all the important functions its serves, you might be interested in the following. On Thursday, June 6, there will be a hearing entitled “Collected and Wasted: The IRS Spending Culture...
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Obama’s Resounding “No” to Raising Debt Ceiling


Thursday January 17th, 2013   •   Posted by Mary Theroux at 10:28pm PDT   •   4 Comments

Thanks are due to the Wall Street Journal for running the impassioned speech of then-Sen. Barack Obama, delivered on the Senate floor, March 16, 2006: Mr. President, I rise today to talk about America’s debt problem. The fact that we are here today to debate raising America’s debt limit is a sign of leadership...
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Public School Spending Like There’s No Tomorrow


Monday September 6th, 2010   •   Posted by Mary Theroux at 7:18pm PDT   •   0 Comments

The failed and bankrupt Los Angeles public school district is spending money like there’s no tomorrow—which for the students it’s failing to educate is unfortunately true. The school district, currently running a $640 million deficit, is spending $578 million—about $140,000 per student—on a new, 24-acre school in the middle of Los Angeles. At the...
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