“The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”
James Madison called public debt “a public curse.” The U.S. has been cursed for most of its existence, and the curse continues to grow at a dizzying pace. The only time in U.S. history that the debt was fully paid off was during President Andrew Jackson’s...
“A public debt is a public curse.” That’s how James Madison put it, and he was right. Today, America is absolutely drowning in debt – and teetering on the brink. We’ve just hit a new, previously unthinkable milestone: a national debt of $35 trillion....
The government wants your money. It will beg, steal or borrow if necessary, but it wants your money any way it can get it. This is what comes of those $1.2 trillion spending bills: someone’s got to foot the bill for the government’s fiscal insanity, and that “someone”...
Last week the House passed legislation increasing the debt ceiling. The bill was supported by all but four Republicans. For some Republicans, this was the first time they had ever voted for a debt ceiling increase. Perhaps the reason they did so this time was because...
By hiking interest rates, the Federal Reserve has pulled some of its monetary stimulus out of the economy. While the Fed hasn’t done nearly enough to put the inflationary fire it lit with more than a decade of easy money, cooling consumer price index (CPI)...
We’re not living the American dream. We’re living a financial nightmare. The U.S. government is funding its existence with a credit card. The government—and that includes the current administration—is spending money it doesn’t have on programs it can’t afford, and “we...