Donald Trump's primary bluster. Let's look at the political angst over trade deficits. A trade deficit is when people in one country buy more from another country than the other country's people buy from them. There cannot be a trade deficit in a true economic sense. Let's examine this. I buy more from my grocer than he buys from me. That ... MORE
Showing posts with label debt. Show all posts
Showing posts with label debt. Show all posts
Walter E Williams: Trade Deficit Angst
Donald Trump's primary bluster. Let's look at the political angst over trade deficits. A trade deficit is when people in one country buy more from another country than the other country's people buy from them. There cannot be a trade deficit in a true economic sense. Let's examine this. I buy more from my grocer than he buys from me. That ... MORECongress Pisses Down Our Backs And Tells Us It's Raining
by Daniel J. Mitchell. Another budget deal good for Washington and bad for America. Advocates of smaller government are justifiably upset by the pork-filled spending bill enacted in December. With goodies for countless special interests, it was more "ominous" than "omnibus." But that wasn't the biggest fiscal hit Congress inflicted on America in ... MOREVictor Davis Hansen: The Medicine Has Stopped Working
In search of fixes for a fossilized economy. The U.S. economy grew at an anemic rate of less than 1 percent in the last quarter of 2015. While the unemployment rate has dipped below 5 percent, the all-important labor force participation rate is at a historic low of just 62.7 percent. More than 90 million able-bodied adults are either not ... MOREHow And Why Gov't Will ‘Borrow’ Your Retirement Savings
by Simon Black. The stage is set. According to financial research firm ICI, total retirement assets in the Land of the Free now exceed $23 trillion. $7.3 trillion of that is held in Individual Retirement Accounts (IRAs). That’s an appetizing figure, especially for a government that just passed $19 trillion in debt and is in pressing need of new funding sources. ... MORERobert Gore: How To Defeat Your Government
This outcome does not require a plan. In a recent article, “How to Defeat Your Enemies,”
SLL maintained that governments and their people were natural enemies,
and that the most powerful adversarial tactic is “getting one’s enemies
to fool themselves.” The article detailed the effective use of this
tactic by Osama bin Laden and al Qaeda. ... MORESteven Greenhut: California's Deep Debt Problems
The bureaucratic pension burden. For those who wonder about the practical importance of transparency, I
offer as evidence the latest result of a modest rule change in
California from a mind-numbingly named organization—the Governmental Accounting Standards Board,
or GASB (pronounced Gaz-bee). The group's stated goal is to promote ... MOREThe Decline Of America's Economic Freedom Under Obama
by Anthony B. Kim. Millions of people around the world are emerging from poverty thanks to rising economic freedom. But by sharp contrast, America’s economic freedom has been on a declining path over the past decade. According to the 2016 Index of Economic Freedom,
an annual publication by The Heritage Foundation, America’s economic ... MOREPete Kasperowicz: National Debt Hits $19 Trillion
Only Rand Paul would halt the spending. The national debt hit $19 trillion for the first time ever on Friday, and came in at $19.012 trillion. It took a little more than 13 months for the debt to climb by $1 trillion. The national debt hit $18 trillion on Dec. 15, 2014. That's a slightly stepped-up pace compared to the last few $1 trillion mileposts. ... MORETexas Police Turning Into Mobile Debt Collectors
by John Cassidy. Reduced to tax collectors with badges. Two new technologies and one failed state program could make highway travel perilous for Texans traveling between San Antonio, Austin and Houston. Law enforcement agencies with jurisdiction over I-10 east of San
Antonio and I-35 between San Antonio and Austin have signed contracts ... MOREThe Congressional Budget Office Foresees A $30 Trillion Debt As A Result Of Looming Tax Hikes And Obamacare
by Stephen Dinan. The federal government will be flirting with $30 trillion in debt within a decade, the Congressional Budget Office
reported Monday, blaming an aging population, new spending and tax cuts
approved on Capitol Hill, and the growing burden from Obamacare for
erasing the progress Washington had made over the past few years. ... MOREThe State Of The Nation: A Dictatorship Without Tears
by John W. Whitehead. While only 1 in 5 Americans claim to trust the government to do what is right, the majority of the people are not quite ready to ditch the American experiment in liberty. Or at least they’re not quite ready to ditch the government with which they have been saddled. It doesn’t matter that the government has shown itself to be ... MOREJohn W. Whitehead: What’s In Store For Freedom In 2016?
You might want to sit down for this. As I illustrate in my book Battlefield America: The War on the American People,
we in the emerging American police state find ourselves reliving the
same set of circumstances over and over again: egregious surveillance,
strip searches, police shootings of unarmed citizens, government spying, ... MOREPeter Suderman: Democrats And Republicans Team Up To Bust The Budget With A $1.8 Trillion Spending Package
Politicians indulge themselves at taxpayer expense. One way to understand the massive federal spending package is as a compromise between Republicans and Democrats to ignore the deficit. The deal is made of two different elements—a 2,009-page omnibus that folds in 12 appropriations bills and calls for $1.1 trillion in spending, ... MORE
National Debt Spikes $578 Billion In Three Weeks
By Pete Kasperowicz. Spending frenzy after debt ceiling suspension. The national debt has surged more than half a trillion dollars in the last three weeks, as the suspension of the debt ceiling in late October has allowed the government to borrow as much as it wants. Before the debt ceiling was suspended, the national debt stood at $18.15 ... MOREFeds Collect Record 2015 Tax Haul: $19,346 Per Worker
by Michael Lotfi. Gov't overspent by nearly $530 billion anyway. According to a monthly treasury statement, through the first eleven months of fiscal year 2015 (Oct. 1, 2014 – end of August), the United States federal government has collected a record-breaking haul in tax revenue. In total, the feds have collected over $2.8 trillion so far, which ... MOREJohn W. Whitehead: The Real Issues That You Won't Hear From The 2016 Presidential Candidates This Election Year
Government's stealth tyranny. We now have less than one year until the 2016 presidential election. Despite the dire state of our nation, however, you can rest assured that none of the problems that continue to undermine our freedoms will be addressed in any credible way by the presidential candidates—certainly not if doing so might ... MORE
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