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National Debt
National Debt
- Greece a Snap-shot of U.S. Future?
April 23, 2010
With Greece teetering on the edge of defaulting on its loans, the U.S. needs to heed the warnings of this Mediterranean crisis as a potential signal of things to come in the U.S.
Full article... - Health Reform Estimates are Here
March 18, 2010
The Congressional Budget Office (CBO), a non-partisan government group responsible for analysis of budgetary decisions, announced today that the proposed health care reform legislation, at this time, would cost over $200 billion by 2019, but with new revenue and savings from the program, would erase $1.2 trillion from the national debt by 2030.
Full article... - Afghanistan: Too Few Rewards for Too Much Risk
October 08, 2009
The latest game of politics inside the beltway involves a literal "he-said, she-said" of military and civilian advisors regarding the war in Afghanistan, now eights years old.
Full article... - Paying the Piper
September 14, 2009
As previously studied in a previous article, China's grip on the U.S. is tightening amid a new trade controversy that could easily spill over and crash our financial system.
Full article... - U.S. at Mercy of China?
July 30, 2009
With China holding $1.5 trillion of U.S. debt in the form of securities, their ability to leverage the U.S. into doing what they want is at an all-time high. What makes matters worse, is that their leverage will only increase as the U.S. continues to auction off its debt in order to pay for programs and keep the government running.
Full article... - Ways and Means
June 30, 2009
As the president's first term has rolled by, it has become apparent that the real power of the purse lies with Congress, and they don't appear to be willing to change their spending ways anytime soon.
Full article... - CA Fiscal Crisis: The Nation's Future?
May 25, 2009
After residents of California voted against using budget-balancing measures such as tax increases and additional borrowing, the state is now faced with the only means available to close the revenue gap: cutting services.
Full article... - Bankrupt Nation
March 25, 2009
According to the Peter G. Peterson Foundation, America now owes more than the collective net worth of all its citizens combined.
Full article... - Owned by China
February 27, 2009
While "Made in China" labels adorn almost everything we, as consumers, purchase, China has another label that is less frequently discussed but with a much more consequential distinction: the largest buyer of U.S. debt in the world.
Full article... - Stimulus Plan Needs Fine Tuning
January 27, 2009
The stimulus plan proposed by President Obama has the potential for turning into a Democratic wish list of projects that fail the necessity test, a problem the president is rightfully trying to fix.
Full article... - The Trouble With Tax Cuts
October 12, 2008
In election years, the promise of tax cuts are a dime per dozen and made so easily that it seems they will surely be a reality IF ONLY the candidate promising them were elected.
Full article... - What We Need
September 11, 2008
With the 2008 elections quickly approaching, now is the time to demand from our leaders (and those wishing to lead) new strategies that can fix the long list of things that have broken and been neglected over the past several years in our country.
Full article... - Presidential Hopefuls Oblivious to Fiscal Discipline
August 19, 2008
Senators McCain and Obama have been making their rounds lately promising the latest in this and the best in that, all the while talking about how much they promise to spend doing x, y, and z. Unfortunately, their inability (or unwillingness) to explain how to pay for all of their great ideas is numbing.
Full article... - AMT Patch: Lessons Yet Learned
December 04, 2007
In order to keep a sizeable number of middle-income families from being hit with an average $2,000 tax increase via the alternative minimum tax (AMT), Congress is focused on passing legislation that would effectively nullify the tax for at least one year.
Full article... - Congress “Cutting the National Credit Card”
January 05, 2007
Two days into their majority role, the Democratic-led House is pushing legislation that would help to prohibit the escalation of the U.S. national debt that is currently a little over $8.6 trillion.
Full article...
FactCheck.org
Political seasons are a great time for candidates to "bend" the truths in
advertising and speeches. Use this non-partisan tool to check the validity
of what is being heard and said; you are guaranteed to be surprised."So tonight, to you, the great silent majority of Americans, I ask for your support."
Richard M. Nixon, November 3, 1968
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