Our National Debt Equals Our Entire Economy for One Year.
For more than a day now, Drudge’s main headline has been substantially the same as the headline on this story. Let me tell you what that really means. If the government took 100% of all our paychecks and pensions for the full year, that would not make an appreciable dent in our national debt. If the government took 100% of our paychecks and pensions for | Read More »
Boehner, Cantor, Ryan Miss Easy Sucker Punch: 2011 Budget
The House Minority Leader, Whip and the ranking minority Budget Committee member could each actually be doing their jobs of trying to govern our country well. Instead, they came out with last week’s ‘Pledge to America’ – smoke and mirrors that actually succeeded in confusing a small segment of the American public. What they could actually be doing effectively is calling out Pelosi, Reid and | Read More »
Another Trillion This Week.
The House just passed over $400 trillion in spending and Obama puts forward over $600 billion in health care funding. So that is another trillion this week. A trillion last week, too. I wonder how many weeks in a row we can spend a trillion dollars and still be able to sell treas securities to finance it. We are already very close to the | Read More »