Republicans Fiscally Irresponsible Act
The political and financial class breathed a sigh of relief when Congress passed the Fiscal Responsibility Act of 2023. The bill suspends the debt ceiling for two years, thus avoiding the establishmentโs nightmare of a government default on its debt. Rather, it allows...
The National Debt is a National Curse
The national debt is a national curse.ย Thatโs not just our view, itโs how James Madison described it. I go on the principle that a Public Debt is a Public curse and in a Rep. Govt. a greater than in any other. Thatโs because, as Madison put it, debts are one of a...
Unlimited Debt Leads to National Bankruptcy
During the current debt-ceiling crisis, one thing should be painfully clear to everyone: For those people who are advocating an increase in the debt ceiling, there is no maximum amount of debt that is too much for them. As far as they are concerned, the federal...