by Steve Chapman. It's a play fake that never fails. Since 1995, Los Angeles has been an anomaly: a huge city with lots of sports fans that has exactly as much professional football as Billings, Montana. This week, Angelenos got a bit of good news: They still aren't getting an NFL franchise. A corporation called AEG announced Monday that it ... MORE
Showing posts with label debt. Show all posts
Showing posts with label debt. Show all posts
Sports Stadiums Throw Taxpayers For A Loss
by Steve Chapman. It's a play fake that never fails. Since 1995, Los Angeles has been an anomaly: a huge city with lots of sports fans that has exactly as much professional football as Billings, Montana. This week, Angelenos got a bit of good news: They still aren't getting an NFL franchise. A corporation called AEG announced Monday that it ... MORESteve Chapman: Government Debt On The Road To Ruin
Promise today, figure out how to pay tomorrow. Americans are addicted to living beyond their means, at least when it comes to the functions of government. That's why the federal debt tripled over the past decade and under President Barack Obama's budget plan would keep growing indefinitely. Why not? If you don't have to pay for all ... MORE
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. The 5 Most Troubling Things in Congress’ New Spending Bill
by Romina Boccia. Yesterday evening, the House of Representatives released its stopgap spending measure which blindly continues the bloated spending in the January omnibus bill that included special-interest handouts, wasteful and unnecessary energy spending, and transportation boondoggles. Instead of debating and voting on ... MOREYoung, Bummed & In Debt: Why Aren't Millennials Angrier?
by Veronique de Rugy. Until recently, a bad job market was nearly always bad news for political incumbents. Unemployed and anxious voters have a habit of throwing the bums out. But headed into the 2016 election season, one large demographic group is still likely to vote Democratic: millennials. Which is weird, because when it comes to the labor ... MORENo Taxing Our Way Out of Looming Health Spending Crisis
by Mallory Carr. The fiscal train wreck that Obamacare and other health care entitlements will inevitably cause is quickly approaching—and no amount of tax increases can save us from the crash. Although the “Eat the Rich” and “Tax the one percent” way of thinking is currently in vogue, these catchy sound-bites remain nothing more than pithy ... MORE
America's Unsustainable Long-Term Debt Trajectory
by Peter Suderman. In
the past year or so, the White House has become increasingly
aggressive in touting President Obama’s achievements in reducing
the deficit. The deficit has been “cut by more than half since
2009,” a 2013
blog post by the White House Office of Management and Budget
declared, pointing to the shrinking of ... 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
Peter Schiff: Debt Is No Salvation
Credit is destroying what savings built. Thus far 2014 has been a fertile year for really stupid economic
ideas. But of all the half-baked doozies that have come down the pike
(the perils of “lowflation,” Thomas Piketty’s claims about capitalism
creating poverty, and President Obama’s “pay as you earn” solution to
student debt), an idea hatched ... MORECurbing Carbon Vs Rational Recklessness
by Steve Chapman. Rousing the public to do something about the growing federal debt is not easy. The dangers it poses are distant and vague. The immediate effects are not apparent. Any measure to cut deficits looks trivial next to the scale of the problem. Doing nothing is the easiest option. But responsible adults understand the need to ... 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
California Officials Dread Rail Project Trial
by Steven Greenhut. Those readers who are familiar with Judge Gideon Tucker's words that "No man's life, liberty, or property are safe while the legislature is in session," might chuckle that two good-news-for-taxpayers stories came out of Sacramento last week. They came, coincidentally, as legislators had left town to enjoy their spring ... MOREJeff Berwick: Stealing Every Last Penny From Americans
More evidence the government is not us. All of a sudden the government lays claims to your savings. They can't prove you owe them a dime, but you're deprived due process. The legal bills become overwhelming, and so you let your money be stolen. You simply have no choice. Sound outlandish? It's not. Not in the "Land of the Free" ... MORE
George Will Is Confident Americans Will Rebel
by Benjamin Weingarten. Against abusive government. In an interview with TheBlaze Books in connection with the release of his new book, “A Nice Little Place on the North Side: Wrigley Field at One Hundred,” we spoke with prodigious columnist and author George Will on all things baseball and his unified theory of beer,
and then ... MORE
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