Taxpayers on the hook. As lawmakers on Capitol Hill prepare for a budget battle near the end
of the lame-duck session, the United States has officially crossed the
$18 trillion national debt threshold and there are no plans in the works
to stop it from reaching $19 trillion next year. Under President Obama's tenure, the national debt has increased by 70 percent.
Showing posts with label borrowing. Show all posts
Showing posts with label borrowing. Show all posts
Katie Pavlich: National Debt Hits $18,000,000,000,000
Taxpayers on the hook. As lawmakers on Capitol Hill prepare for a budget battle near the end
of the lame-duck session, the United States has officially crossed the
$18 trillion national debt threshold and there are no plans in the works
to stop it from reaching $19 trillion next year. Under President Obama's tenure, the national debt has increased by 70 percent. Thomas Sowell: Predatory Journalism
Exploiting the ignorant. The New York Times is again on the warpath against what it calls "predatory lending." Just what is predatory lending? It is lending that charges a higher interest rate than people like those at the New York Times approve of. According to such thinking — or lack of thinking — the answer is to have the government set an interest ... MORESteve Chapman: Obama's Deficient Student Loan Plan
Another expensive vote-buying scheme. The government normally doesn't care whether you or I accumulate large bills for home improvement, a new car or exotic vacations. But Barack Obama feels no hesitation in concluding that the cost of higher education has placed "too big a debt load on too many young people." Therefore, ... MORE
Why The Cost Of Government Is Higher Than You Think
by Gary Galles. Crowding out what matters. “Look what I did for you!” When our children were small, my wife and I
got many gifts from them accompanied with those words (including most of
our
refrigerator art and many things that still adorn our Christmas trees),
in search of approval and encouragement. While that process was an ... MORE
Give "Capitalism" A Chance
by Shanmuganathan Nagasundaram. The prevailing majority opinion in the country and the world over is that the crisis of 2008 was caused by greedy speculators and unregulated capitalism (the repeal of the Glass-Steagall Act in the US, unfair lending practices, etc). But that’s not so, and it’s probably best to start by defining what ... MORE
John Stossel: End The Fed
Why should government be allowed to counterfeit? I've always avoided reporting on the Federal Reserve. I know it's more important than much of the stuff I cover, but it's so boring. How can I succeed on TV reporting on the Fed? Fed chairs even work at being dull. Alan Greenspan said he tried to be obscure because he didn't ... MOREAndrew Taylor: Drunken Sailors Seek A Blank Check
Senate Dems back automatic debt limit hikes. Democrats controlling the Senate proposed Tuesday to avoid future showdowns over the so-called debt ceiling by giving the president authority to authorize additional federal borrowing unless Congress can muster veto-proof margins to block him. The move by Sens. Charles Schumer, ... MOREAndrew Napolitano: Debt And Destruction
The economics of tail-chasing. From April 1917 to November 1919, when Woodrow Wilson borrowed $30 billion to fight World War I, he was able to do so because of the promise he made to lenders that the commitment to repay them would be backed by the full faith and credit of the United States government. At the time, the ... MOREDebt Ceiling Lifted; Government Borrowing Spree Resumes
by J.D. Tuccille. When Congress saved America from the perilous clutches of a
federal government compelled to live within its means without
running up the credit card, it came up with a doozy of a deal. From
now until February 7, 2014, the U.S. Department of the Treasury can
borrow as much as it pleases. Jack Lew and company aren't ... MORE
David Beckworth: The Low-Interest-Rate Blues
The Fed continues to make deficit spending easier. One of the most insidious developments in the economic crisis has been the low-interest-rate environment. Short-term interest rates have been stuck near 0 percent for four years, while long-term interest rates have declined to historically low levels. These low interest rates have created ... MOREHappily Beyond The Days Of Ron Paul's Lonely Crusades
by Nathan Lewis. On March 14, H.R. 1176, the “Centennial Monetary Commission Act of 2013,” was presented in Congress. It has thirteen sponsors. Thirteen is a good number. We are already beyond the days of Ron Paul’s lonely crusades, of only a few years ago. The bill aims to “establish a commission to examine the United States monetary policy, ... MORE
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