Ticking like a time bomb: Federal debt up another trillion in the last six months

May 6th, 2016 * RECOMMENDED READINGS, Government, National Debt William Nissen 1 min read

There used to be a bumper sticker out there that said, “Don’t tell Obama what comes after a trillion.” That annoying adage still applies. CNS News editor Terence P. Jeffrey reveals that the federal debt has risen by over $1 trillion since then-House Speaker John Boehner and Senate Majority Leader Mitch McConnell cut a budget deal with President Obama that suspended the legal limit on…

 

Treasury’s Fannie and Freddie rip-off

May 5th, 2016 * RECOMMENDED READINGS, Business, Government, National Debt Robert May 1 min read

George F. Will writes:  Gigantic government’s complexity and opacity provide innumerable opportunities for opportunists to act unconstrained by clear law or effective supervision. Today’s example, involving the government’s expropriation of hundreds of billions of dollars, features three sets of unsympathetic actors — a grasping federal government, a few hedge funds nimble at exploiting the commingling of government and the private sector, and two anomalous institutions…

 

Helicopter Money to the Rescue

Frank Hollenbeck writes:  Following the unconventional monetary policy of negative interest rates, central banks are now considering an even more desperate measure: “helicopter money.” Milton Friedman is credited with this idea: Let us suppose now that one day a helicopter flies over this community and drops an additional $1,000 in bills from the sky, which is, of course, hastily collected by members of the community….

 

Four Reasons Why Government Spending Is Even Worse Than Taxes

Ryan McMaken says:  Every year around tax time, we’re reminded of the pain of the income tax. We’re reminded not just of the wealth that is taken, but also of all the time and energy that must be expended helping the federal government estimate just how much they should take from us this year.  

 

The Presidential Campaign 2016 Part II: Back to Basics

Part I: The Election of 2016 The Presidential Campaign 2016 I had hoped that 2016 would be the year when the voting public would be so tired of Washington DC shenanigans that something big might happen. I thought that maybe Liberty would come to the forefront and the country might be guided by Libertarian principles. Nay, it is pretty much business as usual with Donald…

 

11 Outrageous Failures in the GOP’s Trillion Dollar Bill

Dec 23rd, 2015 * RECOMMENDED READINGS, Budget, Government, National Debt, Taxes Bill B. May 1 min read

James Bovard says:  A very incomplete list of a total surrender Republican congressional leaders are like a football coach who believes the secret to winning is to punt early and often. House Speaker Paul Ryan and others are claiming victory over the 2,000-plus page appropriations bill, but this is a “no boondoggle left behind” $1.1 trillion nightmare.  

 

The New Budget Bill

Dec 19th, 2015 Budget, Business, National Debt, Taxes Bill B. May 1 min read

by Bill B. May Here we go again.  And with a supposedly conservative leader in the House.  On the surface, there are few cuts in government expenses in the bill but there are a number of tax cuts.  That should warm the hearts of conservatives who believe that taxes (and government) are weighing down the economy.   But it won’t.   These tax “cuts” are special interest reductions…

 

$20 trillion man: National debt nearly doubles during Obama presidency

Nov 2nd, 2015 * RECOMMENDED READINGS, Debt, Economics, Government, National Debt Robert May 1 min read

Dave Boyer writes:  When President Obama signs into law the new two-year budget deal Monday, his action will bring into sharper focus a part of his legacy that he doesn’t like to talk about: He is the $20 trillion man. Mr. Obama’s spending agreement with Congress will suspend the nation’s debt limit and allow the Treasury to borrow another $1.5 trillion or so by the end of…