Browsing All posts tagged under »U.S. National Debt«

An Immodest Proposal: Let’s Eat Bill Gates

November 27, 2020 by

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From the team at CFACT ~ Jonathan Swift once modestly proposed alleviating the Irish famine by dining on the young. I have been assured by a very knowing American of my acquaintance in London, that a young healthy child well nursed, is, at a year old, a most delicious nourishing and wholesome food, whether stewed, […]

The Mojo Of Trumponomics

May 31, 2018 by

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By Stephen Moore ~ T.S. Eliot famously wrote that April is the cruelest month, but when it comes to America’s fiscal picture, nothing could be further from the truth about this past April. The latest government numbers confirm that last month was a blockbuster for growth, federal revenues, and deficit reduction. One of the key […]

5 Ways Congress Fell Short In Spending Your Money In 2017

December 29, 2017 by

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By Romina Boccia ~ As 2017 comes to a close, it’s worth remembering that America’s mountain of debt continues to grow. Here are five key facts about federal spending in 2017 to remember: 1. The deficit reached $666 billion. By many, 666 is known as the number of the beast in the Book of Revelation […]

Not A Party Pooper

January 12, 2017 by

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By Tom McLaughlin ~ “I like birthdays,” said my granddaughter last year. “You get presents. You turn another number.” She had just turned five. “Next year, I’ll be six,” she added matter-of-factly and that day comes Saturday. She’s a New-Year’s-Eve baby who arrived just in time to give her parents a tax deduction for 2010. […]

Government Expansion In The West And It’s Economic Consequences

January 1, 2017 by

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By Herbert London ~ It is clear based on this stage of political evolution in the West that democracy – to the extent it has meaning – is a form of inclusiveness, expanding the horizons of political participation. On one level it makes sense, why should anyone be denied participation when interests in the aggregate […]

Obama’s Pretty Words Cannot Beautify His Ugly Economy

May 13, 2016 by

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By Deroy Murdock ~ If this morning’s employment report has you down, just listen to President Obama. The U.S. economy is gorgeous, he insists. “In the United States, our economy is growing again,” Obama crowed during his trip to Germany last month. And the American people would appreciate all of this “if we had been […]

Let The Budget Battles Begin

March 23, 2015 by

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By Alan Caruba ~ The announcement of a new fiscal budget for the U.S. government always sets the stage for struggles between the spenders and those trying to put some limits on the spending. The spenders usually win because politicians—particularly progressive ones—love to tap the national treasury in order to reward their supporters. As the […]

We’re Number Two

December 15, 2014 by

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By Alan Caruba ~ The U.S. was the world’s number one economy prior to World War II, but it took off bigtime after the war and there has not been a day of my long life in which we were not number one—until now. The International Monetary Fund recently released its calculations regarding the world’s economy […]

The National Debt Now

March 26, 2014 by

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By Deroy Murdock ~ Budget hawks and free-marketeers very badly need to retool their rhetoric on the dangers of government borrowing and America’s ever-deepening national debt – last clocked at $17.4 trillion. “How dare we pass along our bills to our children and grandchildren . . . yadda, yadda, yadda . . . ZZZZZZZZZZZZZZZZzzzzzzzzzzzzzzzzzz . […]

Our Alleged Leaders

January 12, 2013 by

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By Tom McLaughlin ~ Bankruptcy is usually shameful, but not always. It means something has gone seriously wrong. Sometimes it cannot be foreseen, as when serious illness or death of a key person means survivors can’t make payments or keep a business running. No shame there. Others are willing to help in those situations. When […]

Chart Of The Week: U.S. Federal Debt And The Fiscal Cliff

December 17, 2012 by

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By Michael Sandoval ~ In just a little over a decade, the U.S. federal debt will exceed 100 percent of gross domestic product (GDP), an “economically damaging” level, according to analysis from The Heritage Foundation based on numbers provided by the U.S. Office of Management and Budget and the Congressional Budget Office. To the numbers: […]

What Everyone Knows

December 4, 2012 by

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By Alan Caruba ~ Does it strike you odd that everyone knows the nation is deep in unsustainable debt, millions are unemployed, et cetera, and yet those elected to the highest offices in the land cannot seem to find an answer to this looming disaster? Instead, we are besieged hourly by news of charges flying […]

Attacking Paul Ryan, But Not the National Debt

March 22, 2012 by

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By Alan Caruba ~ The White House and Democrats have been attacking Rep. Paul Ryan (R-WI), Chairman of the House Budget Committee, for having the audacity to put forth budget plans, something the Democrats in the Senate have failed to pass for well over a thousand days at this point. The first words out of […]

The U.S. is on a Suicide Watch

January 18, 2012 by

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By Alan Caruba ~ In 1991, the Soviet Union, arguably the greatest experiment in Communism, collapsed. After Mao Zedong died in 1976, his successors moved to shift its Communist economy to one that embraced Capitalism while retaining centralized government control. Following World War Two, the recovering nations of Europe were rescued from Communism by the […]

‘Lies, Damned Lies and Statistics’

January 5, 2012 by

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By Frank Hill Mark Twain gets attributed this great quote although he tried to say he got it from Benjamin Disraeli, the great British Prime Minister and statesman of the middle 19th century. But no one can find that quote for sure in any of Disraeli’s writings so, so much for attribution and chalk up […]

Super Committee Suicide

November 18, 2011 by

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By Alan Caruba By the weekend, news reports indicated that the congressional Super Committee was closing in on an agreement. The deficit-cutting panel is mandated to trim at least $1.2 trillion in federal spending over the next ten years and, failing an agreement, automatic cuts would begin in 2013, after the national elections. In days, […]

The Debt Ceiling Fiction

July 6, 2011 by

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By Alan Caruba When asked why someone said something idiotic or some group is advocating something moronic, I am apt to wearily reply that there is no defense against stupidity. There is a defense and it works over the long run. It is called the truth. It is interesting to watch how “the truth will […]

Borrow, Spend, Collapse: The Road to Ruin

May 21, 2011 by

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By Tom McLaughlin Gas prices are going up. Food prices are going up. Unemployment is going up. The national debt is going up. Earnings for most Americans are either going down or are stagnant. There are fewer and fewer high-paying manufacturing jobs because the federal government has allowed companies to move factories overseas where people […]

Bankrupting America

February 15, 2011 by

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By Alan Caruba The very word “budget” suggests a financial plan that one expects to live within, based on how much money one earns. It suggests prudence, plus the intention to put aside some earnings as savings for future or unexpected needs. None of this applies to the Congress of the United States of America, […]

No More Debt Until Spending Is Cut

January 30, 2011 by

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By Star Parker The Republican take away from President Obama’s State of the Union address should be unwavering opposition to an unconditional increase in the U.S. debt limit. The statutory debt ceiling of $14.3 trillion dollars will soon be reached. Republicans should oppose increasing it to permit more borrowing without meaningful spending cuts as part […]

National Debt is now $14 Trillion, the Highest Ever!

January 5, 2011 by

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By Alan Caruba On Monday, January 3, 2011 the national debt, as calculated by the U.S. Treasury, topped $14 trillion for the first time. Ever! In 2010, the Financial Forecast Center, an independent entity, predicted that the Gross Domestic Product, the value of goods and services, would reach $14.834.1 trillion by October of last year […]

Deficit Cutting Commission Gets it Wrong

December 5, 2010 by

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By Star Parker The Bowles Simpson deficit cutting commission is more Washington theater. Another show with an impressive cast designed to give the appearance of being serious. This kind of theater, unfortunately, not only accomplishes little or nothing, but it makes things worse. Under the guise of doing something, it obfuscates our real problems. Our […]

The Federal Reserve’s Magic Money

November 14, 2010 by

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By Alan Caruba Historically, the Federal Reserve has had a poor record when it comes to correcting an economic slide into Depression. In his book, “New Deal or Raw Deal?” historian Burton Folsom, Jr, asked and answered the question “What caused the Great Depression?” Among the factors he cited was the huge debt left over […]

Does Any of you Realize or Even Care Just How Stuffed We Are?

November 13, 2010 by

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By James Delingpole It’s never not nice to be in New York and it’s even nicer when you’ve been flown over here for free to hang out in a conveniently placed hotel in the East Village, eat bagels, watch Fox, check out today’s Veteran’s Parade and then discover whether or not you’ve won this year’s […]