Browsing All posts tagged under »U.S. debt.«

America, Our Debt-Ridden Nation

August 29, 2014 by

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By Alan Caruba ~ Let’s look at just some of the latest news about the U.S. economy: # According to the Treasury Department’s Bureau of Fiscal Services, the federal government paid $2,007,358,200,000—over $2 trillion—in benefits and entitlements in the 2013 fiscal year, October 1, 2012 to September 30, 2013. Most of the benefits, 69.7% came […]

The President Thanks You For Sending Him To Hawaii For Christmas

January 7, 2014 by

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By Ericka Andersen ~ It would be nice to spend the holidays in Hawaii, wouldn’t it? In case you haven’t heard, President Obama and the First Family did just that — and they were spending your money. In a press conference today, White House Press Secretary Jay Carney confirmed that the family’s trip to Hawaii […]

Living On The Edge Of A Volcano

December 6, 2013 by

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By Alan Caruba ~ Living on planet Earth these days is much like living on the edge of a volcano that can erupt at any time and which rumbles ominously all the time. After three decades in which the United Nations and countless “environmental” organizations have tried to convince everyone that “global warming” and then […]

The Economy Is A Lot Worse Than You Think

January 30, 2013 by

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By Alan Caruba ~ Most Americans know the economy is in bad shape even if a majority voted to reelect the man most responsible for making a bad economy worse. And, no, it was not George W. Bush who is responsible for the 2008 financial crash. It was the government with its housing programs that […]

Time To Stop The Debt Charade

December 11, 2012 by

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By Star Parker ~ The crisis du jour in Washington now dominating the news, the so-called “fiscal cliff,” is but the latest in seemingly endless political crises that we shouldn’t be having. We get two different kinds of problems in life: the real ones — the struggle to work and improve the quality of our […]

Romney Wins Big in Florida + More

February 1, 2012 by

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The Patriot Post  Chronicle   The Foundation “In politics, as in religion, it is equally absurd to aim at making proselytes by fire and sword. Heresies in either can rarely be cured by persecution.” –Alexander Hamilton Upright “Last week Mitt Romney got skunked in South Carolina by Newt Gingrich. Over the course of five days […]

The Threat of a Global Financial Collapse

November 27, 2011 by

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By Alan Caruba At present, the amount of the annual Gross Domestic Product, $14 trillion—the value of all the goods and services that generate income—is exceeded by the nation’s debts. America is presently $15 trillion in debt and it grows daily. In a November 21 Wall Street Journal interview, Erskine Bowles of the presidential advisory […]

Economic Analysis

August 14, 2011 by

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A Dry Bones Cartoon Watching the economic experts on TV, or reading their newspaper attempts to explain the wild ups and downs of stock markets from Asia to Wall Street and the collapsing economies in the Euro zone, doesn’t leave me any wiser, but it does remind me of an old Jewish joke. The old […]

Credit Rating

August 10, 2011 by

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A Dry Bones Cartoon The fun in drawing this cartoon was the writing of all those IOU notes. I had so much fun writing the little IOUs, that trimming them to fit inside the cartoon frame would have saddened me. So I convinced myself that breaking the frame was “okay”. In fact it made the […]

Unleashing Americans

July 31, 2011 by

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By Alan Caruba “I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.” — Thomas Jefferson My father was a certified public accountant, as is my older brother. I not only lacked any arithmetical skills, I spent much […]

The Turning Point for “Entitlement” Programs

July 28, 2011 by

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By Alan Caruba The result of all the drama emanating from Capitol Hill and the White House has been to get a lot of people wondering about the sustainability of Social Security and Medicare/Medicaid. Both Democrats and Republicans agree that the “debt ceiling”, the limit on how much the federal government is permitted to borrow, […]

The Debt Ceiling and the Constitution + More

July 15, 2011 by

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The Patriot Post  Digest The Foundation “[T]he present Constitution is the standard to which we are to cling. Under its banners, bona fide must we combat our political foes — rejecting all changes but through the channel itself provides for amendments.” –Alexander Hamilton Government & Politics The Debt Ceiling and the Constitution “C’mon, man!” Joe […]