Jeffrey Anderson at The Weekly Standard reports that “Mandatory Spending to Exceed all Federal Revenues — 50 Years Ahead of Schedule”. We have now gotten to the point . . . where if national defense, interstate highways, national parks, homeland security, and all other discretionary programs somehow became absolutely free, we’d still have a…
Read More »
In a January 19th article in the Wall Street Journal, “What Congress Should Cut,” former U.S. House Majority Leader Dick Armey and FreedomWorks President Matt Kibbe propose abolishing “the Departments of Commerce and Housing and Urban Development, end farm subsidies, and end urban mass transit grants, for starters.” The primary economic challenge today is…
Read More »
In his new column syndicated by Creators Syndicate, “Are politicians serious about spending cuts?”, John Stossel asks the key question about whether Washington is really going to address the gigantic, federal government spending and debt crisis that continues to mount: Last year, I reported that the United States fell from sixth to eighth place…
Read More »
On Fox Business News, Judge Andrew Napolitano, host of “Freedom Watch,” discusses the record-breaking national debt of more than $14 trillion, encouraging Congress to say no to more spending. And below (at the 11:00 minute mark) the Judge talks with economics professor Dan D’Amico about the possibility of government seizing private retirement and pension…
Read More »
HT: Chris Coyne
Ken Rogoff on rising gold prices and public debt: “At $1,300, today’s price is probably more than double very long-term, inflation-adjusted, average gold prices. So what could justify another huge increase in gold prices from here? “One answer, of course, is a complete collapse of the U.S. dollar. With soaring deficits, and a rudderless…
Read More »
In a new article in the Washington Examiner, “For a frugal Gal, I have got a lot of debt,” Tina Korbe discusses the merits of the Government Cost Calculator at MyGovCost.org: “Among my friends, I’m known for my frugality. I budget scrupulously, log every purchase I make in a ledger and often forego even…
Read More »
Kevin Williamson at National Review has further discussed his June 2010 projections of total long-term, U.S. national debt being $130 trillion. In a 2008 Forbes article, economist Laurence Kotlikoff had more conservatively estimated the debt to be $70 trillion. What Williamson points out now though is that both the total, money supply of the…
Read More »
 |
 |
 |