This is a Debt Spiral

This is a Debt Spiral

by | Apr 20, 2019 | Current Events, Economy

The U.S. federal government has spun into a death-spiral. Or perhaps we should call it a debt-spiral.  According to the Committee for a Responsible Federal Budget president Maya MacGuineas, the average taxpayer forked over more than $2,000 this year just to cover...
Spending Our Way to a Fiscal Crisis

Spending Our Way to a Fiscal Crisis

by | Jul 23, 2018 | Current Events, Economy

by Ron Paul According to financial writer Simon Black, the federal government is spending approximately 52,000 dollars per second. This, not last year’s tax cuts, is the reason why the national debt has reached a record 21 trillion dollars, which is more than...
What We Need: A Shrinking Ship

What We Need: A Shrinking Ship

by | Apr 13, 2011 | Congress, Featured

by Michael Maharrey It looks like Congress managed cobble together a budget deal that will fund government for the rest of the fiscal year. At the last minute, lawmakers passed a short-term spending measure to fund the behemoth for another week, after substantively...

Temporary Taxes Are Rarely Temporary

by | Aug 20, 2009 | Economy, History

by State Sen. Mike Folmer (PA-48) Tem·po·rar·y – an adjective meaning lasting, used, serving, or enjoyed for a limited time. Derived from the Latin tempora rius, from tempus, tempor-, time.  Synonyms include temporary, acting, ad interim, interim,...