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 »
Adam Smith Lies to Obama; Result: Misery for Millions
Admittedly, it was an inadvertent lie. Perhaps Adam Smith’s publisher made him do it with an eye toward spurring sales of his book, popularly titled ‘The Wealth of Nations’. Had Obama been aware of the full title of the book, An Inquiry into the Nature and Causes of the Wealth of Nations, perhaps he could have penetrated the ‘lie’, but perhaps not. Obama has already established | Read More »