Posts Tagged ‘federal debt’

President’s Threat Reveals Democratic Lie on Social Security


Wednesday July 13th, 2011   •   Posted by Paul Theroux at 7:18pm PDT   •   9 Comments

Yesterday, President Obama threatened that if the debt limit is not raised by the August 2 deadline, he can’t guarantee that Social Security checks will go out. However, for years Democrats have argued that Social Security is on strong fiscal footing, and reform is unnecessary. The argument is that over the years the government…
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Geithner’s “Fed Unlimited Rewards” Card


Monday July 11th, 2011   •   Posted by Emily Skarbek at 8:30am PDT   •   1 Comment

HT: Tyler Watts

Well, Duh! . . .


Monday July 11th, 2011   •   Posted by Craig Eyermann at 8:20am PDT   •   1 Comment

The St. Louis branch of the Federal Reserve has come out with the findings of their groundbreaking research into the primary cause of the rise in the U.S. national debt. Is it too little revenue (i.e. tax collections?) Is it too much spending? The report’s authors Daniel L. Thornton and Kevin L. Kliesen summarize…
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A Secret Debt Reduction Blueprint


Saturday July 9th, 2011   •   Posted by Craig Eyermann at 11:21am PDT   •   1 Comment

Despite not having taken any action to pass an annual budget for the United States government of any kind for almost two and a quarter years, it appears that the current majority Democratic Party in the Senate may finally have developed a blueprint for the federal budget, one that even promises to reduce the…
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Unemployment Up to 9.2%: Obama Wants Far More Spending, Debt and Taxes


Friday July 8th, 2011   •   Posted by David Theroux at 5:38pm PDT   •   1 Comment

With the official unemployment rate having now risen to 9.2%, Patrick Buchanan notes in his new column, “An Establishment in Panic,” that another 7% are underemployed and economic growth is a very weak 1.8%. Obama’s predictable answer is higher taxes and to raise the federal debt ceiling so that even more spending and debt…
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Alternative Debt Solutions: Intergovernmental Debt and Asset Sales


Wednesday July 6th, 2011   •   Posted by Emily Skarbek at 5:51am PDT   •   5 Comments

Ron Paul has gone public with proposals for the Fed to destroy $1.6 trillion in government bonds that it is currently holding. As The New Republic’s Dean Baker reports, such a plan might be a way around the impass that has mounted on the Hill. Aside from the practicalities of politics, Paul’s plan is…
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Interest Payments on U.S. Government Debt Are on Track to Bankrupt America


Monday June 13th, 2011   •   Posted by David Theroux at 2:20pm PDT   •   5 Comments

This video, “Brother, Can You Spare a Trillion? Government Gone Wild!”, has now had over 2.7 million views on YouTube. It summarizes the gigantic threat that U.S. government debt poses for America, with annual interest payments alone this year totaling more that all federal spending for the combined costs of the departments of Commerce,…
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U.S. Treasury Default Options


Monday May 16th, 2011   •   Posted by Emily Skarbek at 7:49am PDT   •   3 Comments

Charles Rowley summarizes two options facing bond holders as sketched out by Stanley Druckenmiller, the legendary investor and onetime fund manager for George Soros. “First, suppose that one owns a 10-year Treasury. In return, one receives an income stream over that period. As a result of default that income stream will be delayed for…
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Social Security “Trust Fund” Deficits to Add $5 Trillion to U.S. Debt


Sunday May 15th, 2011   •   Posted by David Theroux at 9:39am PDT   •   3 Comments

Jed Graham in Investor’s Business Daily reports that a new study of the financial condition of Social Security and Medicare indicate that with baby boomer retirements, rising health costs, and the ongoing economic malaise, these federal entitlement programs are producing massive deficits in perpetuity unless major changes are made to cut these unsustainable liabilities….
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Emily Skarbek Is Interviewed on the Government Cost Calculator on Reason TV


Thursday May 12th, 2011   •   Posted by David Theroux at 10:49pm PDT   •   1 Comment

Independent Institute Research Fellow Emily Skarbek is interviewed here by Nick Gillespie of Reason TV regarding the Institute’s very timely and far-reaching Government Cost Calculator. The Calculator enables any American to clearly understand three aspects of federal government spending. First, the Calculator helps you determine how much a person will pay for various federal…
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